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Singapore Ruling on Bankrupt Indonesian Firm May Open Recovery Path for Others
Source: Bloomberg
Legal & LitigationCredit & Bond MarketsEmerging Markets
A Singapore court ruling permits administrators of Indonesia’s bankrupt PT Sri Rejeki Isman to pursue related assets in Singapore, potentially improving recovery prospects for investors. The decision could create a repeatable recovery path for other insolvent Indonesian firms with Singapore links, although it does not quantify expected recoveries here.
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