Former HSH Nordbank boss Harald Kuznik slammed the maritime knowledge of US bankruptcy courts in comments made today to a London financial conference.
In a question posed from the floor at the Marine Money conference, Kuznik described the understanding of US judges’ handling Chapter 11 restructurings as “ridiculous”.
As one example, he alluded to a case in which a judge had allowed a ship to sail without insurance.
Kuznik
