The collapse of marine fuel trader OW Bunker & Trading A/S (“OW Bunker”) and its affiliates, in November 2014, has resulted in a blizzard of legal proceedings in the United States. Bunker suppliers and creditors of insolvent OW Bunker entities have sought to secure their claims by arresting vessels or proceeding directly against vessel owners and operators who contracted with OW Bunker entities to supply their vessels with bunkers.
USA, Insolvency & Restructuring, Litigation, Shipping & Transport, Clyde & Co LLP, Bankruptcy, Injunction, Subject-matter jurisdiction, Admiralty law, In rem jurisdiction, Second Circuit, United States bankruptcy court, Fifth Circuit, US District Court for the Southern District of New York