Losing the Tread

July 23, 2002

The Legal Assistance Team has taken a drastic step in saying that the Indonesian Bank Restructuring Agency (IBRA), can abrogate Sjamsul `Tire King' Nursalim's Master of Settlement & Acquisition Agreement (MSAA) debt agreement and replace it with a stronger one. This suggestion follows Nursalim's breach of promise regarding most of the obligations he has agreed to fulfill in the MSAA document, signed by him on September 21, 1998. The followi

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