Terminal Dispute
McKinsey has protested against the termination of its consulting contract with IBRA. Although it does not intend to bring its grievances to court, McKinsey still intends to use the services of a lawyer.
September 18, 2001
The efforts of the Indonesian Bank Restructuring Agency (IBRA) to make savings in the use of consultants has met a stumbling block. At the start of August, McKinsey, a foreign consultancy firm that has in the past been employed for various IBRA projects, sent a letter of protest to its erstwhile partner. The letter complained that IBRA, the agency responsible for restoring the health of the banking industry, had terminated a strategic planning co...