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Shipowners lose OW Bunker case at UK Supreme Court

The US Supreme Court has issued its final verdict in the OW Bunker case, siding with ING. Now the bankruptcy estate will likely turn up the heat, projects Johannes Grove Nielsen, lawyer and partner at firm Bech-Bruun.

Photo: Kasper Palsnov/Jyllands-Posten

Updated with comment from Johannes Grove Nielsen, partner at law firm Bech-Bruun.

As widely expected, Dutch bank ING came out on top when the UK Supreme Court on Wednesday issued its final decision in the case concerning the bank's right to claim payment for outstanding sums related to the now-bankrupt OW Bunker from the carrier behind vessel Res Cogitans.

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