World Fuel Services seeks to enforce its in rem rights in STX Pan Ocean chapter 15 case
Clients World Fuel Services Corporation
Jones Day represented World Fuel Services Corporation in connection with STX Pan Ocean's chapter 15 bankruptcy case, which was filed in the United States Bankruptcy Court for the Southern District of New York. The representation focused on the interplay between the automatic stay and World Fuel's post-petition ability to exercise its in rem rights under contract and U.S. maritime law to arrest vessels owned by nondebtor third-parties in United States waters. World Fuel Services is a global leader in fuel supply, specializing in fuel distribution and sale of land, aviation, and marine fuel products and services.