As we all know, despite the confusing situation of the dispute related to the debt-claiming rights (cessie) involving PT Geria Wijaya Prestige (GWP) and several other parties, the trials of the lawsuits filed in two different district courts related to the case are ongoing. Recently, we learned that the Denpasar District Court with the help of the Denpasar Office of State Wealth and Auction Services (KPKNL) is preparing to auction off the disputed land and buildings where the Kuta Paradiso Hotel stands. The preparation caused another problem and prompted Fireworks Ventures Limited to sent a subpoena to the KPKNL asking them to cancel the auction.
To subscribe please click here
