Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Continuing Saga at Aston Bali Resort at Tanjung Benoa
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Continuing Saga at Aston Bali Resort at Tanjung Benoa

Former Owners and Ex-Staff of Aston Bali Resort & Spa Try to Forestall Court-Ordered Takeover Hotel.


Bali News: Bali, Indonesia, Aston Bali Resort & Spa, Karya Teknik Hotelindo, Dewata Royal International
Click Image to Enlarge

(10/16/2010)

Hundred of former staff of the Aston Bali Resort & Spa on Tanjung Benoa demonstrated at the Denpasar Court on Tuesday, October 12, 2010, to protest the legal execution of a take over of the hotel by its new owners.

According to Kompas.com, a shoving match ensued between the enforcement team and the demonstrators that resulted in the arrest of 3 demonstrators and two legal representatives of the hotel former owning company PT Dewata Royal International ( DRI ).

The demonstration was preceded by heated negotiations in front of the hotel at Tanjung Benoa with demonstrators physically trying to prevent the enforcement team from taking possession of the hotel. The executors of the possession order eventually managed to read the court order inside the lobby of the hotel.

DRI is remaining steadfast in their position that the takeover is illegal because the case is still in appeal before Indonesia's Supreme Court. Gewang, a representative of DRI , speaking at the takeover said: "This execution is not correct; it is only based on an auction order and does not have the force of law. The execution is premature."

PT Karya Teknik Hotelindo who have purchased the hotel through a court-ordered auction maintain the execution is consistent with the orders of the Commercial Court in Surabaya. Widodo, the Director of Karya Teknik Hotelindo said: "The entire legal process is finished. The execution must be done; there is no further legal step that can be taken by PT DRI, making the decision of the Court final."

The legal case centering around the Bali hotel which is still managed by Aston Hotels traces back to a US$14 million loan made by Bank Exim (now Bank Mandiri) to DRI . The dollar denominated load was converted into Rupiahs. When it came time to repay the loan, Bank Mandiri requested repayment in dollars, while DRI refused, insisting they be allowed to repay the loan in Rupiahs.

The ensuing legal battle wound its way through the commercial courts of Surabaya during which DRI was officially declared bankrupt forcing the court-ordered auction of the property to PT Karya Teknik Hotelindo.

Related Article

[Update: Labor Woes at Aston Bali Resort and Spa]

[Labor Woes at Aston Bali Resort and Spa]


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Happily Never After
Chinese Mainland Bride Drowns on South Bali Beach During Pre-Wedding Photo Session
(8/29/2015)
Vials of Salvation Now Available
Bali Health Department: Bali Has Enough VAR Vaccine for Three Months to Come
(8/29/2015)
Illegal Excavation on Ungasan Peninsula
Police Check Reveals PT Bali Raga Wisata Project Undertaking Illegal Excavation of Ungasan Cliff Face
(8/29/2015)
In the Event of a Tsunami
Tsunami Evacuation Plan Established for Nusa Lembongan
(8/29/2015)
Recognizing Tourism Achievement in Bali
38 Winners of Bali Tourism Awards 2015 Announced
(8/29/2015)
A Bitter Cup?
French Tourist Claimed the Was Poisoned Shortly Before Dying in Kuta Hotel Room
(8/29/2015)
The Golden Fleece
Investigation Underway in Bali of Alleged Extortion Involving Chief of the Kuta Police Precinct
(8/29/2015)
Best Things in Life are Sometimes Free
One Night Performance of Bharatanatyam Indian Classical Dance by Manjula Amaresh in Peliatan, Bali on Thursday, September 10, 2015
(8/29/2015)
Rooms? Do We Have Rooms!
Collier International Provides an Overview of New Hotel Openings in Bali
(8/28/2015)
Head of the Class
Bali Hai Cruises and West Australian Rotary Club Assists Grade School on Nusa Lembongan
(8/28/2015)
Fueling Expectations
Governor Pastika Open New Power Plant in Denpasar and Asks for Rp. 100 million Daily “Donation” from PT Indonesia Power
(8/28/2015)
Exercising the Vote, Not the Muscle
More than 12,000 Police to Ensure December Regional Elections in Bali Held without Incident
(8/28/2015)
All [News]!