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Contract Cancellation

Doing More Damage

Tuesday, May 25, 2004

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?

arsip tempo : 173167752324.

. tempo : 173167752324.

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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