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11 December 2019 : JTrust Claim against Group Lease again dismissed in Thailand Appeal Court

JTrust Claim against Group Lease again dismissed in Thailand Appeal Court

11 Dec 2019

On 3 May 2018, JTrust filed a criminal charge against Group Lease PCL, alleging Group Lease committed the offense of defamation regarding its announcement dated 27 February 2018 on Group Lease’s website.

On 31 January 2019, the Court of First Instance rendered its judgement, dismissing JTrust’s charges citing lack of sufficient grounds for a formal trial. Subsequently, JTrust submitted an appeal on 25 April 2019.

On 11 December 2019, the Appeal Court rendered its judgement and again dismissed JTrust charge against Group Lease.

This is the second instance this month where an appeal court dismissed JTrust’s claim against a Group Lease company. Earlier this month, the High Court of Jakarta dismissed JTrust’s claim against our Indonesian subsidiary. While litigation can be time consuming, we are thankful courts are acknowledging that much of JTrust’s claims are invalid.

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04 December 2019 : Claim against Group Lease Indonesia from Bank JTrust Indonesia again dismissed in Indonesian courts

Claim against Group Lease Indonesia from Bank JTrust Indonesia again dismissed in Indonesian courts

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.