The move could lead to a further delay to the 4.3bn restructuring deal agreed this month by some of APPs major creditor firms (PrintWeek, 6 November).
The case was filed by Bank Mizuho Indonesia, which acts as collateral agent for holders of notes issued by APPs Indah Kiat Finance Corporation unit.
If successful, PT Indah Kiat Pulp & Paper could lose control of two of its Indonesian paper mills.
APPs Indonesian mills, including PT Indah, Pulp & Paper, PT Pabrik Kertas Tjiwi Kimia, and Kiat PT Pindo Deli Pulp & Paper, have made Callington in Hatfield its UK representative.
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"I walked away from working with these people, too much effort for little reward! nice people, wish them all the best for the future!"
"Does that mean we'll have to think up a new name for fine white-glazed porcelain ceramics? How about Spode? Or is that a bit too, well, English?"
"“Eucalyptus globulus is five to seven times more productive than Nordic Pine and requires significantly less wood (up to 40% less) to produce the same amount of paper."
"The company added..."
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