Law360, New York (March 8, 2016, 4:15 PM EST) -- ING Bank NV asked a New York federal court on Monday to toss lawsuits by shipping companies battling competing payment requests for marine fuel shipments they ordered from bankrupt O.W. Bunker, saying the suits lack jurisdiction and the disputes should be arbitrated.Colonial Navigation Co. Inc., Modion Maritime Management SA and Minerva Marine Inc. each filed suit in October and November, seeking orders blocking the bank, bankrupt Danish marine fuel company O.W. Bunker & Trading A/S and some of its affiliates, and companies who delivered the bunkers, or containers of fuel, from arresting ships they manage.Shortly afterward, the court allowed... In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition. TRY LAW360 FREE FOR SEVEN DAYS
ING Bank has called on a New York federal court to dismiss lawsuits by shipping companies who are battling competing payment requests for marine fuel shipments they ordered from the now bankrupt OW Bunker, stating that the lawsuits lack jurisdiction and the disputes should be arbitrated.