Paper company slams Bank Danamon with $95m foreign exchange lawsuit

- Georgina Lee
- 01 Apr 2009

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Bank Danamon, one of Indonesia's most active distributors of derivatives contracts, has turned to Bank Sentral Republik Indonesia to help it resolve a 1.1 trillion rupiah ($94.9 million) lawsuit filed by one of its corporate clients.

Indonesia paper producer PT Esa Kertas Nusantara (EKN) claimed in filings to the South Jakarta District Court last month that it had been inappropriately sold a total of 17 foreign currency forward contracts and cross-currency swaps by Bank Danamon dating back to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You already have an account with us*. Sign in below to continue.