Singapore — O W Bunker Mess — Status in the United States

March 2014 O.W. Bunker A/S valued at $980M (IPO). November 7, 2014 O.W. Bunker A/S and filed for bankruptcy in Denmark as result of $275M losses. Virtually all other O.W. affiliates and subsidiaries worldwide filed shortly thereafter . Estimated more than 800 actions are pending in 15 countries. Result: thorny and interrelated questions regarding cross border insolvency, maritime liens, interpleader, assignment of liens, and fundamental fairness…

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