Tai-Soo Suk v Hanjin Shipping Co Ltd [2016] FCA 1404

FEDERAL COURT OF AUSTRALIA

Tai-Soo Suk v Hanjin Shipping Co Ltd [2016] FCA 1404 File number(s): NSD 1634 of 2016

Judge(s): JAGOT J

Date of judgment: 23 November 2016

Catchwords: BANKRUPTCY AND INSOLVENCY – Admiralty – Cross-Border Insolvency Act 2008 (Cth) – Recognition of foreign main proceeding and foreign representative – nature and operation of stay and suspension arising pursuant to article 20 of the Model Law on Cross-Border Insolvency

Legislation: Corporations Act 2001 (Cth) ss 440A – 440JA, 411, 467, 471B, 471C, 500, 581 Cross-Border Insolvency Act 2008 (Cth) ss 6, 13, 16; sch 1

Cases cited: Akers v Deputy Commissioner of Taxation [2014] FCAFC 57; (2014) 223 FCR 8 Hur v Samsun Logix Corporation [2009] FCA 372 Hur v Samsun Logix Corporation [2015] FCA 1154; (2015) 238 FCR 483 Kim v Daebo International Shipping Co Ltd [2015] FCA 684; (2015) 232 FCR 275 Kim v SW Shipping Co Ltd [2016] FCA 428; (2016) 113 ACSR 260 ML Ubase Holdings Co Ltd v Trigem Computer Inc [2007] NSWSC 859; (2007) 69 NSWLR 577 Yakushiji v Daiichi Chuo Kisen Kaisha [2015] FCA 1170; (2015) 333 ALR 513 Yu v STX Pan Ocean Co Ltd (2013) [2013] FCA 680; 223 FCR 189 Corporate Reorganisation Act 1962 (Republic of Korea) Debtor Rehabilitation and Bankruptcy Act 2005 (Republic of Korea) arts 1, 6, 34, 43 – 44, 50, 56, 58-59, 61, 74, 81, 89, 118, 131, 141, 146 – 7, 170, 179 – 180, 189, 195, 220, 224, 232, 237, 243 – 4, 251, 257, 286 – 8 Explanatory Memorandum, Cross-Border Insolvency Bill 2008 (Cth) cll 1.27 – 1.28, 2.55, 2.57 Justice Steven Rares, "Consistency and Conflict - Cross-Border Insolvency" (Speech delivered at 32nd Annual Conference of the Banking & Financial Services Law Association, Brisbane, 4 September 2015) United Nations Commission on International Trade Law Model Law on Cross-Border Insolvency (1997) arts 2, 6, 15 – 17, 19 – 22