Creditors cannot stop APP legal actions.CREDITORS CANNOT STOP APP LEGAL ACTIONS. A New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York, USA, court has rejected a request by a group of United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. creditors to prevent Asia Pulp & Paper Co. (APP), Indonesia, from pursuing legal action in Indonesia to invalidate bonds issued by two APP subsidiaries according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report by The Wall Street Journal. The decision removes an obstacle to plans by APP to restructure its massive US$13.9 billion debt. The United States bondholders had previously received temporary restraining orders temporary restraining order: see injunction. against APP, but those restraining orders have been reversed. |
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