Why is Deutsche Bank in court?

German bank in the dock as years of legal wrangling about the ownership of IndonesiaÆs Adaro coalmines finally makes it to the High Court of Singapore.

By Jackie Horne

March 05, 2006

A court case opened in Singapore last week, which is fast providing one of the most ironic and contentious tailpieces to the Asian financial crisis. Over the past nine years, there have been endless legal battles between indebted Asian companies and their creditors over debt restructuring agreements and asset disposals.

In this instance the situation reverses itself with a highly novel twist. Here one of the worldÆs leading global banks has been forced to take the stand and faces a possible loss of reputation not to mention the payment of damages if it loses. Two of IndonesiaÆs most prominent and controversial businessmen have accused it of acting in conspiracy with a third equally prominent local...

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