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Asuransi Multi Artha Guna submits arbitration cancellation

16 February 2021 06:27

JAKARTA - PT Asuransi Multi Artha Guna Tbk (AMAG) requested a decision cancellation of Ad-Hoc Arbitration Council at the Central Jakarta Court, regarding the blocking of the company's account at PT Bank Pan Indonesia Tbk (PNBN). AMAG is a company with majority share ownership by Fairfax Asia Limited.

Quoted from pnjakartapusat.go.id on Tuesday (16/2), the request for cancellation of arbitration had been registered last week (11/2) with case number 100/Pdt.G/2021/PN Jkt Pst. The defendant in this case, PT Duraquipt Cemerlang, previously filed a lawsuit for the closure of AMAG's account at Panin Bank, Palmerah main branch office, Central Jakarta.

In the contents of the lawsuit, AMAG also requested that the panel of judges cancel the decision for execution No.128/2020 Ex Jo Ad Hoc Arbitration Decision, dated July 30, 2020, jo no.10/WASIT/2020/PN.JKT.PST until the court's decision is final and binding. (LK/VA)

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