Press & Publications
Forty three companies of the Flinter Group have been declared bankrupt. In some cases after first being granted suspension of payments. Please see below an updated overview of the bankrupt Flinter companies as per 1 February 2017.
Getting The Deal Through - Ports & Terminals 2017 is the second edition of this publication published by Law Business Research Ltd. in London. Our firm has contributed to the publication of Getting The Deal Through – Ports & Terminals 2017, which provides for an international comparison of legal concepts throughout 25 jurisdictions, and which provides answers to a large number of questions of relevance for an initial judgment in the environment of ports and terminals in those respective countries.
On 9 December 2016 the Flinter Shipping Group trustees published their first consolidated report in the bankruptcy of Flinter Groep B.V.
On 19 October 2016 the Rotterdam District Court has granted suspension of payments to cash strapped Flinter. Flinter has revealed that it is in major financial trouble after its main lender ING Bank N.V. pulled funding for the company days before the suspension of payments was granted. ING Bank finances 9 vessels of Flinter's fleet. Flinter has been in business since 1989 and is one of the top ten maritime shipping companies in the Netherlands, managing a fleet of about 35 mostly-multi-purpose vessels ranging in sizes up to 11,000 dwt.
On 1 September 2016 the Seoul Central District Court (6th Bench of Bankruptcy Division) decided on the request of Hanjin of 31 August 2016 to commence a rehabilitation procedure for the company since Hanjin is in a situation where it is unable to repay its payable debts without causing a substantial hindrance to the continuance of its business.
Getting the Deal Through - Shipping 2017 is the 9th edition of this well-received publication. This publication provides an overview of the law in seventeen international jurisdictions. It is published by Law Business Research Ltd. and it is an indispensable guide for all those in-house lawyers and other key decision makers that are dealing with shipping and transport around the world.
Finland has ratified the International Convention for the Control and Management of Ships’ Ballast Water and Sediments 2004 (the “Convention”) on 8 September 2016, bringing the ratifications of registered Member to 35.14% of the world's gross tonnage, surpassing the 35% requirement. The Convention was adopted in 2004 by the International Maritime Organization (IMO), the United Nations specialized agency responsible for developing global standards for ship safety and security and for the protection of the marine environment and the atmosphere from any harmful impacts of shipping.
In the latest issue of The Superyacht Report (Issue 173, October 2016), Arnold J. van Steenderen highlights the potential pitfalls for both parties in negotiating a build slot, and sets out a solution that's agreeable for all.
Judgment Rotterdam District Court 29 June 2016 (ECLI:NL:RBROT:2016:4960 DSM Acrylonitrile B.V. (et al.) v. / DB Schenker Rail Nederland N.V. and DB Schenker BTT GmbH)