Results for Indonesia
- Indonesian Shipper, Creditors Reach Deal To Avert Bankruptcy
Indonesia's leading oil and gas shipper PT Berlian Laju Tanker reached a deal with creditors to restructure its $1.9 billion debt, averting what could have been one of the country's biggest bankruptcies in years, Reuters reported. Once the worl ...
Daily Headline - global.abi.org - 03/17/2013 - 22:19 - 0 comments
- Judge Sides With Greenwich-Based Funds Against PT Berlian
PT Berlian Laju Tanker Tbk, the Indonesian operator of 72 tankers, won't be permitted to proceed in U.S. bankruptcies while keeping all papers sealed and withheld from the public, U.S. Bankruptcy Judge Stuart Bernstein ruled at a hearing, StamfordAd ...
Daily Headline - global.abi.org - 03/03/2013 - 21:56 - 0 comments
- Indonesian Court Declares Batavia Air Bankrupt
Indonesia's commercial court has declared budget carrier Batavia Air bankrupt just months after AirAsia, Southeast Asia's top low-cost airline, aborted a deal to invest in it, officials said Thursday, the Associated Press reported. Agus Iskanda ...
Daily Headline - global.abi.org - 01/31/2013 - 22:20 - 0 comments
- SingTel Unit Telkomsel Wins Bankruptcy Appeal
The Indonesian Supreme Court has granted Telkomsel's appeal and refused the bankruptcy petition against it from PT Prima Jaya Informatika, Singapore Telecommunications (SingTel) said Tuesday, The Business Times reported. SingTel has a 35 per cen ...
Daily Headline - global.abi.org - 01/15/2013 - 21:57 - 0 comments
- Berlian Laju Tanker Creditors File Involuntary Bankruptcy
PT Berlian Laju Tanker Tbk creditors, with a combined total of about $125.5 million in claims, filed an involuntary Chapter 11 petition against the Indonesian ship operator, Bloomberg reported. Gramercy Distressed Opportunity Fund II, Gramercy Distressed ...
Daily Headline - global.abi.org - 12/13/2012 - 23:55 - 0 comments
- Indonesian Shipper Hopes For $2 Billion Debt Restructure By Year-End
Indonesia's PT Berlian Laju Tanker , the world's third-largest chemical shipper, hopes to restructure its $1.9 billion debt by the year-end and will switch its focus to niche liquid chemical and gas transport, its founder and chairman said in a ...
Daily Headline - global.abi.org - 10/03/2012 - 22:45 - 0 comments
- Indonesia Telecom Giant's Bankruptcy Stirs Fears of Legal Abuses
A court ruling that Indonesia's biggest mobile phone operator is bankrupt, after not paying a disputed debt of just half a million dollars, has revived concerns over flawed laws that invite abuse and can trip up even highly profitable companies in S ...
Daily Headline - global.abi.org - 09/20/2012 - 20:32 - 0 comments
- Bumi Price Fall Adds To Bakries’ Debt Woes
Indonesia’s influential Bakrie family is facing another debt crisis after creditors issued a default notice on a $437m loan, triggered by the collapse in the price of London-listed miner Bumi plc shares that had been used to guarantee the loan, the Fin ...
Daily Headline - global.abi.org - 04/22/2012 - 20:46 - 0 comments
- Humpuss Sea Transport Files for Chapter 15 Bankruptcy
Humpuss Sea Transport Pte Ltd., a Singapore-based unit of an Indonesian shipping company, filed for Chapter 15 bankruptcy protection in the U.S., Bloomberg reported. The unit of Jakarta-based PT Humpuss Intermoda Transportasi is already under the control ...
Daily Headline - global.abi.org - 03/20/2012 - 21:27 - 0 comments
- Indonesia's Debt-Saddled Berlian Laju Files for Creditor Protection in US
Units of Berlian Laju Tanker, Indonesia’s largest oil and gas shipping group, filed for Chapter 15 creditor protection in a US bankruptcy court early Wednesday morning, The Jakarta Globe reported on a Reuters story. The company’s units have listed as ...
Daily Headline - global.abi.org - 03/14/2012 - 22:01 - 0 comments