04 Dec 2019
On 1 October 2018, PT Bank JTrust Indonesia filed a claim against Group Lease Finance Indonesia, Group Lease’s Indonesian subsidy, in the amount of approximately THB 230 million alleging breach of the joint financing agreement.
On 14 May 2019, the Court dismissed Bank JTrust Indonesia’s claim. JTrust Indonesia later appealed this decision to the High Court of Jakarta.
On 3 December 2019, the High Court of Jakarta rendered its decision and again dismissed JTrust Indonesia’s claim.