The latest on Russia sanctions from the International Trade and Supply Chain Team
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bankruptcy Non-vessel operating common carriers (NVOCCs) are often vulnerable to importer/exporter debtors when they declare bankruptcy. As brick and mortar retailers continue to face dwindling market share due to the dramatic rise in online shopping – $1.25 billion per day in online consumer purchases in the U.S., and doubling every five years – risks to NVOCCs rise. Retail Dive’s running list of 2017 retail apocalypse victims is a comprehensive tally of retailers who have succumbed to financial pressures already this year. They also recently listed twelve additional prominent retailers possibly on the brink of bankruptcy.
Continue Reading Protecting NVOCCs Against Customer Bankruptcies: Are Security Interests Possible?