OW Bunker's bankruptcy estate sues its own trustee

Gorrissen Federspiel maintains that the company made no mistakes as OW Bunker's bankruptcy estate files a USD 79 million compensation claim. The case centers on a missed deadline to file a claim against Jefferies.

This week's top stories on ShippingWatch

Two tankers were attacked in the Gulf of Oman Thursday, it is still unknown who is to blame. OW Bunker's former CEO in Singapore, Lars Møller, is going to prison for five years, Get an overview of this week's top picks.

ING Bank looks like the winner in OW Bunker cases

All signs indicate that ING Bank will be the big winner in the legal aftermath of OW Bunker in the US. Four appeals courts have now reached the same decision: the physical supplier cannot collect unpaid bunker bills.

Landmark ruling on OW Bunker bankruptcy

A landmark ruling in the OW Bunker case in a Danish court has fallen in favor of the two bankrupt estates. Now, OW Bunker cases involving ING Bank and several other banks' loan securities must be settled under Danish law.

Prosecutor also appeals verdict in OW Bunker case

Following Lars Møller's appeal of his 1.5 years prison sentence in the OW Bunker case, the Danish Attorney General's office has decided to follow suit. The Danish High Court is now free to review the case again.

OW Bunker's bank wins key victory in the US

ING Bank, which headed OW Bunker's consortium, has won a key appeal case in New York, where a court has decided that the bank can lay claim OW Bunker's receivables from shipping companies. The bank lost the first round of the case.

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