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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

CP Prima dispute ends in lawsuits; $4 bln sought

Posted on 17 July 2009

From WSJ: A clash between an Indonesian shrimp producer and its hedge-fund creditors has erupted in lawsuits seeking $4 billion in damages against the hedge funds’ trustees, Bank of New York Mellon and PT Bank Danamon Indonesia. Bank Danamon is owned by Singaporean sovereign-wealth fund Temasek Holdings.
Temasek referred queries for comment to Bank Danamon. Bank Danamon didn’t respond to messages seeking comment……….Full Article (Subscription Required): Source


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