EnergyWatch

OW estate takes first strike in the battle for USD 100 million

The Danish liquidator of OW Bunker has won its first battle in a landmark case against major bank ING. The case is one of the possibilities for creditors to scrape money together after the bunker company's bankruptcy, says liquidator.

Photo: Ritzau Scanpix/Kasper Palsnov.

For nearly two years, the Danish liquidators of OW Bunker have battled Dutch bank ING for the rights to millions of US dollars.

Wednesday, the parties entered a new stage of the legal battle with a ruling from the Maritime and Commercial High Court in Denmark, which made a decision in favor of the liquidators from law firm Plesner.

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