On October 28, 2017 the legal counsel of one Edy Nusantara representing Fireworks Ventures Limited sent a letter to the Financial Service Authority (OJK) to seek protection in relation to a dispute that Fireworks had entered into with PT Bank China Construction Bank Indonesia Tbk (MCOR). This dispute has been going on for several years now, and it involves parties that goes back to the Government’s attempt to rescue the banking sector from the 1998 economic crisis through the Indonesian Bank Restructuring Agency (BPPN).To subscribe please click here
