The club said it could take “a little time” for court orders to be issued in Singapore and other jurisdictions to prevent creditors from taking legal action against the Danish fuel and tanker group.
In the interim, there will be uncertainty about its legal status, the club said.
“This is likely to result in the creditors of OW Bunkers taking immediate steps to try and get their debts paid before the courts in Singapore (or elsewhere) issue any orders preventing creditors from taking further legal steps,” it added.
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