US Legal Landscape Still Feeling Effects of OW Bunker Bankruptcy
September 28, 2020
Ship & Bunker
Types : Bylined Articles
While the introduction of the IMO 2020 rule, collapsing oil prices, and the impact of measures taken to address the COVID-19 pandemic have all impacted the legal landscape this year, the industry is also still feeling the effects of the collapse of former bunkering giant OW Bunker.
“US maritime lien law continues to evolve. The OW Bunker bankruptcy back in 2014 created a lot of confusion. So much so that earlier this month a law firm was sued for allegedly giving bad maritime lien advice to a shipowner,” Robert E. O’Connor, New York Office Managing Partner at Montgomery McCracken, told Ship & Bunker this week.
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