OW Bunker, founded in 1980, was a marine fuel (bunker) company based at Nørresundby in northern Denmark. It was the world's largest bunker supplier until its collapse on 7 November 2014.[1] It went from initial public offering (IPO) [2] to bankruptcy in less than a year.[3] The dramatic collapse of the company led to expedited litigation in the English courts (as all the contracts had been declared to be "subject to English Law").
OW Bunker test case: the Res Cogitans
The case was given priority, progressing from an arbitration through the Commercial Court and the Court of Appeal to the Supreme Court[4] in the record time of only ten months.[5]