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Court rules US Ex-Im can recover defaulted pulp loans

01 March 2008

Read more: US Ex-Im defaulted loans Asia Pulp & Paper Company SIngapore

A federal court in New York City has ruled in favour of the Export-Import Bank of the United States (US Ex-Im) and granted summary judgment in the bank's civil suit to recover more than $104 million in defaulted loans from Asia Pulp & Paper Company (APP), a Singapore-based manufacturer of paper products, and three of its principal Indonesian operating...

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