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Business Disputes

Fight to the Death

Tuesday, November 6, 2001

In debt to the tune of Rp5.7 billion, Gemawidia was forced into bankruptcy by its creditor, Nikko Securities. Gemawidia then returned the compliment, suing Nikko for Rp591 billion in damages.

arsip tempo : 173169185829.

. tempo : 173169185829.

There would seem to be little difference between friends and enemies in business. Take for example, the case of PT Nikko Securities Indonesia and IT (information technology) company PT Gemawidia Statindo Computer, who were originally doing business together until a dispute broke out that saw both of them hauled before the courts. In fact, the lawyers of the two firms continued their war on Monday and Wednesday of last week through advertisem

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