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

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