OW trustees use untested Danish law to hunt carriers
The trustees of bankrupt oil company OW Bunker are trying a fresh approach to retrieve approximately USD 29 million owed from other companies by using an as yet untested Danish provision. This is the hottest new development in the case, says lawyer.
BY JAKOB SKOUBOE, FINANSWATCH
Trustees are treading a new path in their quest to retrieve money for the estate of Danish oil trading company OW Bunker, which collapsed in a spectacular bankruptcy in November last year.