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Neck-Deep in Lawsuits

Monday, September 13, 2021

Companies listed at the Indonesia Stock Exchange, including state-owned enterprises, are dragged into lawsuits for delaying debt repayment and bankruptcy due to their thinning pockets during the pandemic.

arsip tempo : 172142120288.

A Garuda Indonesia aircraft at Soekarno Hatta Terminal 3, Tangerang, Banten. Tempo/Tony Hartawan . tempo : 172142120288.

TURBULENCE is rattling Garuda Indonesia. Not yet finished with the trial for the debt payment postponement (PKPU) filed by a number of creditors, the listed state-owned airline was declared defeated at the London Court of International Arbitration (LCIA) on September 6.

The management of GIAA—Garuda’s code at the Indonesia Stock Exchange—is currently consulting with a team of attorneys. “To consider the steps the company

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