Law Journal: On Molucca Holding’s Lawsuit and Problems around AISA

It has been a while now since the dispute between Luxembourg’s Molucca Holdings S.à.r.l and PT Pelita Cengkareng Paper somehow went quiet. Earlier this week, PT Bank Permata Tbk (BNLI) finally gave a statement on the debt dispute. Separately, PT Tiga Pilar Sejahtera Food Tbk (AISA) reportedly dodged a bullet as the PKPU lawsuit filed at the Central Jakarta District Court was rejected. But other lawsuits are waiting for the Company, and one PKPU lawsuit filed against its subsidiaries at the Semarang District Court was recently granted.

Read More