Java Star Rig v. Camar Resources

PT Java Star Rig (Java Star) and PT Atlantic Oilfield Services (PT AOS) have been declared bankrupt back in April 20, 2021 by the Commercial Court at the Central Jakarta District Court. This decision was predictable because the two companies have long been in dispute with one of their business partner. Even so, towards the end of last week, a new lawsuit was filed against both companies. The lawsuit mentioned that a peace agreement was promulgated in July 2022 and both companies were accused of failing to implement the peace agreement and a new lawsuit was filed to once again seek for the companies’ bankruptcy.