The Decision that Rocked Manulife
Tuesday, June 25, 2002
PT Asuransi Jiwa Manulife Indonesia has been declared bankrupt because it failed to pay a dividend. A tidal wave of criticism has followed this controversial verdict.
arsip tempo : 178038975078.
Indonesian courts have once more become the subject of international conjecture. The cause was last Thursday's verdict by the Commercial Court of the Central Jakarta District Court, which declared PT Asuransi Jiwa Manulife Indonesia (AJMI) bankrupt. Manulife Financial, a Canada-based insurance business, owns a majority of shares in the bankrupt firm, which has assets of Rp3.1 trillion. The panel of judges headed by Hasan Basri declared AJMI
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