JPMorgan Chase Bank, N.A. v. Asia Pulp & Paper Co.
Court of Appeals for the Seventh Circuit
1Opinion of the Court
SYKES, Circuit Judge.
These consolidated appeals arise out of a complicated financing arrangement put in place to underwrite Beloit Corporation’s construction of two massive paper-making machines for a consortium of paper manufacturers in Southeast Asia. Simplified, the basic facts are these: In 1996 Beloit agreed to build two high-speed paper-making machines for Indonesian paper companies PT. Indah Kiat Pulp & Paper Tbk. (“Indah Kiat”) and PT Pabrik Kertas Tjiwi Kimia Tbk. (“Tjiwi Kimia”), subsidiaries of Asia Pulp & Paper Company, Ltd. (“Asia Pulp”), which is based in Singapore. (For…
2Cases cited38 opinions
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- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Coopers & Lybrand v. LivesaySupreme Court of the United States · 1978
- Torres v. Oakland Scavenger Co.Supreme Court of the United States · 1988
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