1. Undergoing repair.
- Subjects
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LEGAL judgments , *CORPORATE bonds , *SECURITIES industry laws , *BONDS (Finance) , *LEGAL status of capitalists & financiers - Abstract
The article examines a decision of Indonesia's supreme court made public on October 31, 2008 reversing a lower court decision to free the company Asian Pulp & Paper from $500 million in debt obligations in the form of corporate bonds. Investors in the corporate bonds of developing countries were pleased with the judgment. Some investors, however, had already settled with the company before the decision was announced.
- Published
- 2008