Indonesian Court Hands Down 2nd Ruling in Favor of International Lenders Advised by Kirkland in Relation to PKPU Reorganization Process of Visi Media Group
August 27, 2024
August 27, 2024
CHICAGO, Illinois, Aug. 27 -- Kirkland and Ellis, a law firm, issued the following news release:
On August 20, the Central Jakarta Commercial Court in Indonesia handed down another ruling in favor of international lenders advised by Kirkland & Ellis, where the Court has affirmed their right to vote their US$560 million claims in the PKPU reorganization process of the Visi Media Group.
The Court has now twice ruled against the decision by the PKPU administrators to d . . .
On August 20, the Central Jakarta Commercial Court in Indonesia handed down another ruling in favor of international lenders advised by Kirkland & Ellis, where the Court has affirmed their right to vote their US$560 million claims in the PKPU reorganization process of the Visi Media Group.
The Court has now twice ruled against the decision by the PKPU administrators to d . . .