Mizuho v DUCK et al : The Dispute Continues

Mizuho Asean Investment LP had been trying to force PT Asia Kuliner Sejahtera (PT AKS), the parent company of PT Jaya Bersama Indo Tbk (DUCK), the owner of The Duck King restaurant chain, to perform its obligations for around three years. The investment firm attempted to file a lawsuit through the Indonesian court but then the dispute was brought to the arbitration court in Singapore. Away from the media coverage, Mizuho has the support of the arbitration court, but PT AKS et al refused to comply with the decision and filed a lawsuit to the Indonesian court. Interestingly, although this is not surprising, the court stated that it has the right to examine this case. That said, now the parties must face another trial. What a headache.To subscribe please click here