EnergyWatch

ING declines to raise compensation claim in OW Bunker case

Bank ING, one of the three biggest creditors in the OW Bunker case, and two US-based OW subsidiaries have declined to raise the claim in the compensation case to DKK 2.2 billion. "I'm very puzzled," liquidator Pernille Bigaard tells ShippingWatch.

Photo: Kasper Palsnov/Jyllands-Posten

The creditors' compensation claim in the OW Bunker case will not, after all, be raised to the DKK 2.2 billion (USD 351.3 million) which the liquidators had otherwise agreed with US investor Lion Point Capital to do.

I'm very puzzled that these details are deemed important enough for them to decline the possibility of raising the compensation claim without it resulting in additional costs, and to instead maintain the existing size of the compensation claim

Pernille Bigaard, Partner with Plesner

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Nel books another operating deficit

Despite achieving a positive bottom-line figure in this year’s first quarter, Nel Hydrogen books yet another substantial operating deficit in the second quarter, albeit improving the result against the same period last year.

Further reading

Related articles

Latest News

See all jobs