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?
Tempo
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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