Articles on Arbitration in Dubai & UAE, Banking, UAE Criminal Law & Extradition, Dubai Property Law, Trademarks and IP, Aviation by Lawyers in Dubai – STA
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OW Bunker Dilemma
The collapse of OW Bunker group has been extensively reported worldwide. OW has been one of the world’s largest suppliers filed for bankruptcy in 2014. The financial collapse of OW has far reaching consequences on ship owners. This is because in the bunker market, a ship owner usually enters into a sale contract with a supplier for the supply of bunkers.