Between Jakarta and New York
Monday, October 9, 2000
The International Finance Corporation (IFC) has filed a request for a declaration of bankruptcy against PT Panca Overseas Finance (POF) at the Commercial Court in Jakarta. What are the consequences of this for POF?
arsip tempo : 178037726194.
The International Finance Corporation, a subsidiary of the World Bank, is having its patience tested. The corporation hopes to acquire control of PT Panca Overseas Finance Tbk’s assets. Toward achieving this, IFC has filed a request at the Jakarta Commercial Court requesting that POF, a subsidiary of the Panin Group, be declared bankrupt. However, this request has met with strong opposition from POF. POF’s attorney, Lucas, submitt
...
Subscribe to continue reading.
We craft news with stories.
For the benefits of subscribing to Digital Tempo, See More
