KKSK, IBRA, the finance ministry and Bank Indonesia have issued conflicting regulations creating legal uncertainty for the business sector.
Now President Megawati Soekarnoputri has decided to set up a small team to study the decision of KKSK.
KKSK, however, did not want Marubeni to become the only creditor that have a greater say in determining the fate of the bank such as in demanding bankruptcy.
On June 9, 2000, KKSK sought to find a solution after the signing of a memorandum of understanding (MoU) between IBRA and Marubeni Corp.
However, on March 20, 2001, KKSK took over negotiations with Marubeni and agreed on April 11, to different restructuring package under which Marubeni was to convert US$ 100 million of its credit into shares and the remaining US$ 620 million were to be repaid in 15 years with an interest of 1.
6 million ("CAPC") ment with KKSK on * Marubeni - US$ 723.