White & Case and client APP face contempt of court charge
US firm White & Case has been accused of contempt of court following its representation of Asia Pulp & Paper (APP) in the $6.7bn (£3.74bn) debt restructuring of its Indonesian subsidiaries. A group of US-based APP secured creditors, led by distressed debt funds Oaktree Capital Management and Gramercy Capital Advisors, pushed for the ruling against APP and its […]