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OW Bunker liquidator will now intensify debt recovery

"We now expect that the debt recovery process will be done at a higher pace than before," says lawyer John Sommer Schmidt, trustee in the OW Bunker estate, in an interview with ShippingWatch after the UK Supreme Court verdict on Wednesday.

Photo: Kasper Palsnov/Jyllands-Posten

It spelled good news for the OW Bunker trustees when the UK Supreme Court Wednesday issued a verdict that the Dutch bank major ING can demand payment for bunker which was sold to OW Bunker even though a carrier may have already paid a physical supplier for the oil, says OW Bunker's liquidator, lawyer John Sommer Schmidt of law firm Gorrissen Federspiel, to ShippingWatch.

He expects that the pace of debt recovery will now be intensified.

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