HHIC


In Depth: Court Gives Nod to HHIC-Phil’s Rehabilitation Process

The Regional Trial Court in Olongapo City, Philippines, has approved the petition for rehabilitation filed by Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), a Philippine-based shipbuilding brand of South Korea’s Hyundai Heavy Industries Corporation. The decision to commence the rehabilitation process was received by both Hyundai Corporation and its debt-ridden subsidiary, a regulatory filing said. The relief in rehabilitation was…