JAKARTA
- Mr Harun Abidin, a troubled businessman from Medan, Indonesia, has
been declared to be in default of his legal obligations to Cedrus
Investments Ltd by way of the Supreme Court of New South Wales,
Australia, having registered a foreign judgment of the Grand Court of
the Cayman Islands on 9 August 2017.
The
dispute between Harun Abidin and Cedrus Investments Ltd, arose when
Harun Abidin breached his obligations to repay his debt owed to Cedrus
Investments Ltd, a company incorporated in Cayman Islands. In mid-2015,
Harun Abidin began to miss scheduled payments to Cedrus Investments
Ltd.
As a demonstration of good
faith, Cedrus Investments Ltd granted multiple extensions in
consideration of Abidin’s situation by extending the due date of the
requisite payments. But good faith from Cedrus Investments Ltd was not
reciprocated by Harun Abidin who chose to instead file false and
misleading reports against Cedrus Investments Ltd in local Indonesian
media.
Subsequently, Abidin
continued to make misrepresentations and engaged in various unethical
actions in order to avoid his obligation to repay debts owing to the
company. Per Mr Wirawan Adnan from Sholeh Adnan & Associates, lawyer
for Cedrus investments in Jakarta, Monday.
On
9 August 2017, the Supreme Court of New South Wales registered the
judgment of the Grand Court of the Cayman Islands. Accordingly, it is
now recognised that the outstanding amounts are payable under the
Australian legal system.
The New
South Wales Supreme Court further made enforcement orders on 28
September 2017 against certain assets Harun Abidin holds in Australia.
(jj/op)
HOME » Unlabelled » JUDGMENT TO THE VALUE OF AUD$5,130,000 REGISTERED AND ENFORCED IN AUSTRALIA AGAINST TROUBLED INDONESIAN BUSINESSMAN, HARUN ABIDIN
0 komentar:
Posting Komentar