Matahari v. Pasaraya: The Trials
On September last year, PT Matahari Department Store Tbk (LPPF), a retail giant controlled by the Lippo Group, announced the closure of their outlets at Pasaraya Blok M and Pasaraya Indonesia (previously Pasaraya Manggarai) belonging to PT Pasaraya Tosersajaya, a mall developer owned by businessman and politician Abdul Latief. In the same month, LPPF filed a default lawsuit against Pasaraya. Later in December 2017, Pasaraya filed their own default lawsuit against LPPF. The trial on LPPF’s lawsuit entered the stage of verification of evidence, while the trial on Pasaraya’s lawsuit began on January 17, 2018. On the same day, LPPF published an information disclosure in the official website of the Indonesia Stock Exchange.
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