Thursday, January 30, 2014

Astro and Lippo feud continues

A US$250 million court battle between a Malaysian media group and a major Indonesian conglomerate that recently ended in Singapore could soon see a sequel, this time in Hong Kong.

The high court there on Wednesday ordered a $44 million claim that had been due to Malaysia's Astro to be suspended.


This was to allow it to consider the latest Singapore ruling on the case, which left Astro with just a fraction of the about $250 million it had originally won from the Lippo group in arbitration in Singapore.

The saga began when a pay-TV joint venture inked in 2005 between Astro and First Media, a subsidiary of Lippo, soured two years later.

Between May 2009 and August 2010, the Singapore International Arbitration Centre made five awards in Astro's favour, allowing it to recoup about $250 million it had sunk into the deal.

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7 comments:

indrawan said...

dont pay astro.

the service sucks, really sucks.

thats part of the reasons why lippo refused paying them!

Anonymous said...

i think the case has been dragging for 3 years now, first in jakarta, then singapore and now hong kong.

it was astro who 'breached' the contract, and not lippo. thats the info i got.

zenith said...

sometimes in mid 2012, indonesia’s First Media secured the bankruptcy of its holding firm in Jakarta in a bid to frustrate efforts by Malaysian billionaire Ananda Krishnan’s ASTRO to recover funds from a soured joint venture.

First Media won the order after lodging the unexpected filing to wind up parent company Across Media with the Jakarta commercial courts.

Across Media, a unit of Hong Kong-based Lippo Group controlled by the republic’s Riady family, is currently locked in a legal battle with Ananda’s satellite TV provider ASTRO over the sum of US$44 million (RM137 million).

But now, everything is against Astro, it seems...

stanley young said...

On 31 October 2013, the Singapore Court of Appeal (“CA”) handed down a landmark decision in the high profile case of PT First Media TBK v Astro Nusantara International and Others [2013] SGCA 57.

The case arose out of an arbitration in Singapore involving the Malaysian conglomerate Astro and the Indonesian conglomerate Lippo, which culminated in a USD250 million award (“the Final
Award”) in favour of Astro. The bulk of the sums under the Final Award was awarded to three Astro
subsidiaries (“Astro Non-JV Entities”) who were not party to the arbitration agreement, but who
were joined in the arbitration pursuant to an application by Astro.

The subject matter of the arbitration, conducted under the Singapore International Arbitration
Centre (“SIAC”) Rules 2007, was a joint venture pertaining to the provision of multimedia and
television services in Indonesia. Astro had proceeded to obtain leave to enforce the various awards
in Singapore.

Lippo then applied, unsuccessfully, to the Singapore High Court to set aside the enforcement orders. In a lengthy 119-page judgment, the CA reversed the High Court’s decision, and found that Astro was only entitled to enforce the awards to the sum of approximately USD700,000, a reduction of some 99.7 percent from USD250 million.

Quite apart from the intense media interest and the dramatic turn of events, this case also
highlights numerous legal points of interest in the realm of international arbitration. The CA
undertook a detailed analysis (under English law as well as certain other legal systems) of the use of active and passive remedies to defeat an arbitral award at the seat and the place of
enforcement, respectively. It also touches on the innovation of forced joinders of third parties in
arbitrations, which has garnered significant interest in the arbitration community. This decision is therefore expected to have a significant impact on the practice of international arbitration, including in relation to how awards can be defended/enforced or defeated, as the case may be.

budak sekolah said...

padan dengan muka astro dan ananda. elok gak diorang kalah. tau nak makan duit orang je tapi perkhidmatan macam TAIK!

Anonymous said...

Indon (Cina) vs Malaysia (india)

Chinese Super Power Vs Indian Superpower

Anonymous said...

RED ALERT....

Blogger Kelab Greenboc.. menunjukkan Hal Sebenar Al-Kafiruuun...cubaan untuk meMURTADkan pembaca Islam...Adakah Ini Blogger Red Bean Army????

http://greenboc.blogspot.com/2014/01/menjelaskan-kekeliruan-dalam-isu.html

Rata-rata banyak penganut Islam di Malaysia terutama di Semenanjung Malaysia dan berbangsa Melayu tidak mengetahui bahawa perkataan “Allah” telah lama digunakan secara aman semenjak dari dulu lagi.

Sebenarnya perkataan “Allah” terdapat di dalam Al Kitab Kristian sebelum isu itu di jadikan polemik. Malah ia digunakan sebelum kewujudan Islam lagi oleh umat Kristian Arab dan umat Arab Jahiliyah yang lain.

Perlu diingatkan bahawa bukan mudah untuk sesorang itu menganut agama Kristian jika dia tidak melalui proses pembaptisan dan proses pengenalan. Lafaz doa iman sahaja itu tidak cukup untuk menjadikan sesorang itu Kristian.

Antara alasannya, “Allah” itu esa dan “Allah” itu bukan dua atau tiga mahupun konsep trinitas. Sehubungan dengan itu, penggunaan perkataan “Allah” itu oleh Kristian adalah menghina Islam dan harus dilarang.

Jika diamati, ketiga-tiga agama besar seperti Yahudi, Kristian dan Islam merupakan agama wahyu. Mana mungkin wahyu itu diberikan oleh Tuhan yang berlainan antara satu sama lain.

Tentu dalam ajaran Islam sendiri melalui Al-Quran dan hadis pun tidak melarang Sang Pencipta itu digelar “Allah”.

Penulis sebenarnya terkilan, kerana Kristian merupakan agama monotheistik yang mengajar konsep ketuhanan yang esa. Konsep trinitas (Trinity) di salah anggap sebagai konsep poleistik.

Bagi Kristian, untuk memahami konsep trinitas ini memang diperlukan keterbukaan hati untuk memandang Sang Pencipta dari sudut pandang yang mengatasi pola berpikir manusia. Ianya hanya mampu difahami atas dasar iman yang berlandaskan cinta kasih.

Kasih tidak mungkin berdiri sendiri, namun melibatkan dua belah pihak seperti kasih suami istri, melibatkan kedua belah pihak, maka disebut sebagai “saling” mengasihi.

Kalau Tuhan adalah kasih yang paling sempurna, maka tidak mungkin Tuhan tidak melibatkan pihak lain yang dapat menjadi saluran kasih-Nya dan juga dapat membalas kasih-Nya dengan darjat yang sama. Jadi Tuhan itu harus satu, namun bukan Tuhan betul-betul sendirian. Jika tidak, maka Tuhan tidak tentu dapat menyalurkan dan menerima kasih yang sejati.

Alert @Gelombangkick, @FlyingKick, @Apa Nama, @A.K.Jasin, @ Dinturtle, @melayumaju, @Tranungkite, @Syed Outsidethebox, @helenang, @chedet, @cahaya la majid, @thekualalumpurchroniche, @

Saya yakin penulisan asal ditulis oleh Paderi Kristian dr Indonesia.... Waspadalah Melayu Islam...