Trade Finance Magazine Copying and distributing are prohibited without permission of the publisher

Court rules US Ex-Im can recover defaulted pulp loans

12 February 2008

Read more: default loans US Indonesia Singapore pulp paper export finance repay 2001

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...


Upcoming Events