Doing More Damage
A Medan court has annulled a contract signed between a local company and an English corporation. Will the verdict have a negative impact on foreign investment in Indonesia?
May 25, 2004
BRITAIN'S Ambassador to Indonesia, Richard Humfrey, is fast understanding the difficulties of doing business in Indonesia. Early in his posting, a commercial district court declared England-based insurance company, Prudential, bankrupt. Now, the Medan District Court has annulled a contract signed by PT Pangkatan Indonesia, a subsidiary company of England-based corporation, Rowe Evans.
Last Wednesday, Humfrey indicated that Indonesia's court
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