Foreign Exchange
Banking, Featured Work, Foreign Exchange, Indonesia - Sunday, November 1, 2009 14:23 - 0 Comments
Asia Risk: inside Indonesia’s derivative battles
Asia Risk, November 2009
The backlash against foreign banks and their derivative contracts has reached Indonesia. Four foreign banks have been on the sharp end of district court decisions in Jakarta this year annulling contracts they had struck with Indonesian exporters. The trend raises a host of questions, about sanctity of contract, the Indonesian judicial process, and the appropriateness of the products in the first place.
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