Convicted OW Bunker CFO Appeals to Supreme Court | Mariner News
Convicted OW Bunker CFO Morten Skou is poised to appeal his High Court ruling to the Danish Supreme Court, a move that could significantly impact the long-running liability case following the company’s dramatic collapse. Skou, found guilty by Denmark’s Eastern High Court, maintains through his legal counsel that the judges applied an “incorrect standard of measurement” in their decision. This anticipated appeal highlights ongoing disputes surrounding the financial accountability of key figures in the infamous OW Bunker saga, a collapse that sent shockwaves across the global bunker supply industry over a decade ago.
Questioning the High Court’s Standards
Morten Skou’s attorney, Søren Bergenser, firmly argues that the Eastern High Court’s verdict against the former CFO was based on fundamentally flawed legal interpretations. The contention centers on how the High Court assessed Skou’s responsibilities and actions leading up to the marine fuel supplier’s insolvency. This challenge aims to secure a re-evaluation of the evidence and legal precedents by Denmark’s highest judicial authority.
The decision to pursue a Supreme Court appeal is imminent, marking a critical juncture for one of the key figures implicated in the widespread damages claims that arose from OW Bunker’s demise. The outcome of this appeal will not only determine Skou’s personal liability but could also establish important precedents for corporate governance and financial oversight within the maritime and shipping sectors.
Broader Implications for the Shipping Industry
The Supreme Court’s involvement signals the immense significance of this case beyond individual convictions. Its ruling could influence how financial executives are held accountable in complex corporate failures across the shipping and bunker trading landscape. Industry stakeholders will be watching closely, as the verdict is expected to provide clearer guidelines on executive duties and liabilities, especially in an industry characterized by high volumes and intricate financial operations.
