Creditors might take legal actions against Asia Paper Pulp's selective rate pay

Partial bond holders of Asia Paper Pulp might take legal action for the company slowed down debts pay-off agreement and paid off rates to Indonesia and China creditors when carried out debts restructuring.

The creditors hold about US$1bln bounds in Asia Paper Pulp. Richard Gitlin, a lawyer of Bingham Dana LLP who represents the creditors, said creditors might take legal action as soon as they find the company does not keep promise.

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