Media: OW trustees target counterparties in futures contracts

If part of the legal aftermath of the OW Bunker bankruptcy is settled according to Danish law instead of British, the final outcome could look completely different and bring in more money to the estate.

Around 30 shipowners, freight forwarders and traders acting as counterparties in "in-the-money" oil contracts with OW Bunker can look forward to legal action in Denmark, where the bankrupt estate's trustees are trying to get their hands on payments totaling around USD 30 million, reports Lloyd's List.

The shipping media describes the move as "groundbreaking" and estimates that the matter will ultimately come down to jurisdiction.

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