Fight over Sugarcane
Tuesday, April 9, 2002
The fight over Sugar Group sugarcane fields between Gunawan Jusuf and Anthony Salim is heating up. IBRA is caught in the middle with threats of lawsuits brought by both hanging over its head.
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Gunawan Jusuf looks like hes about to go to war. Last Thursday, at a press conference in a starrated hotel in Jakarta, the tycoon with high eyebrows Chinese-emperor style, sat accompanied by eight lawyers from various well-known law firms. One flew especially from Singapore, from international law firm Sidley Austin Brown & Wood LLP.
That was the latest episode in the saga of the Sugar Group Companies sale. The largest transaction in the Indone
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