The Supreme Court gave its decision on 21 June 2006 (reported in November 2006) in the case of PT. Indah Kiat Pulp & Paper Tbk v. U.S. Bank National Association et. al. Details of the decision are summarized below.

(a) Facts. Indah Kiat International Finance (Indah Kiat BV) is a company established in the Netherlands and is a wholly owned subsidiary of PT. Ind…

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