On The Exercise Of Maritime Liens In Bankruptcy Proceedings

Shipping companies,affected by the economic downturn in recent years,experienced setbacks and stagnation after rapid deve lopment,and m any shipping companies went bankrupt.In the course of bankruptcy of shipping enterprises,the exercise of maritime liens has encountered many problems and should be paid special attention.In this article,through analysis of Deqin gr oup bankruptcy reor ganization case,points out that the exercise of the maritime liens in bankruptcy proceedings will be affected,maritime liens is likely to cre ate prejudice to the in terests of the p ersons holding maritime lien,and the protection of maritime liens.The right of maritime liens as the legal guarantee is the same as the right of security in the bankruptcy proceedings.However,the particularity of the m aritime lien m ay prejudice the rights of m aritime liens in bankruptcy proceedings.The author believes that in order to protect the interests of the maritime liens of bankruptcy proceedings,should perfect the protection of the maritime liens,establishment of maritime liens of full protection with the exception of the suspension of maritime liens,strengthening maritime liens role in the reorganization process,so as to be tter protect the interests of the persons holding m aritime lien,and promote the bankruptcy proceeding.