Tag Archives: Singapore

Courts in New York and Singapore reach opposite conclusions on the validity of interpleader applications arising out of the OW Bunker bankruptcy

By Andrea Pincus, Charles Weller, Sally-Ann Underhill, Siân Fellows and Danielle Anderson on 14 July 2015 Posted in Cross-Border Insolvency & Restructuring

On 7 November 2014, OW Bunker A/S (“OW”), a global supplier and trader of marine fuel, filed for bankruptcy in Denmark. Further bankruptcies of OW subsidiaries and affiliates swiftly followed, including the bankruptcy of certain U.S. and Singapore-based OW entities. Protective interpleader proceedings were brought in the U.S. and Singapore by vessel owners and charterers who … Continue Reading