A quick review of history reveals that at the time of the financial meltdown in late 1997 and 1998 that PT Indah Kiat Pulp & Paper (IKPP) was Indonesia's biggest defaulting debtor with some USD 14 billion in debts. And it is within this context one must look at the recent decisions handeddown which provide IKPP with a windfall that may ultimately top USD 1 billion.
Legal Certainty in Indonesia - PT. Indah Kiat & the Cancellation of USD 500 million in Bonds
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