The estate left behind by bankrupt OW Bunker is working hard to collect owed money, but the trustees are having difficulties with several of OW Bunker's former customers in Singapore, reports Danish business daily Børsen. When trustee Pernille Bigaard of law firm Plesner tries to file lawsuits against oil traders and shipping companies in Singapore, they are often returned to her unanswered.
Bigaard has sued a series of customers in order to collect claims totaling millions of dollars. The trustees have already, according to Børsen, collected USD 13 million in cases related to derivative trades, but there are still 20 cases left. One of the problems is that several companies cannot be found at the address that the trustees have. And this needs to be investigated, Pernille Bigaard tells the newspaper: