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Business & Finance

Singapore Ruling on Bankrupt Indonesian Firm May Open Recovery Path for Others

Key Points

A Singapore court’s landmark decision allowing administrators of bankrupt Indonesian textile maker PT Sri Rejeki Isman to pursue assets in the city-state may open a new route to recoveries for investors in other insolvent Indonesian firms with links to Singapore.

A Singapore court’s landmark decision allowing administrators of bankrupt Indonesian textile maker PT Sri Rejeki Isman to pursue assets in the city-state may open a new route to recoveries for investors in other insolvent Indonesian firms with links to Singapore.
Singapore (LOCATION) Indonesian (ORG) Sri Rejeki Isman (PERSON)
Originally published by Bloomberg Markets Read original →