Undergoing Repair

摘要

If soaring markets allow for all manner of bad things to happen, crashing markets can prompt badly needed improvements, lake the decision by the Indonesian supreme court, let slip to reporters on October 31st, to reverse its support for lower-court rulings that had freed a subsidiary of Asia Pulp & Paper from $500m in debt obligations incurred in the mid-1990s. The court's initial stance, taken in 2006, sent a shudder of fear through Asian debt markets. The reversal offers them a bit of comfort.