There has been legal relationship between PT. Bank CIMB Niaga, Tbk. with PT. Triton one Indonesia, related to the role of PT. Bank CIMB Niaga, Tbk. as Transferring Bank in international trade transaction between PT. Triton one Indonesia together with TAS FASHION WEAR (Buyer/Importer) using mechanism of payment by Transferable Letter of Credit (L/C). Novian & Partners, for and on behalf of PT. Bank CIMB NIaga, Tbk., on May 6, 2008, filed a Lawsuit against PT. Triton One Indonesia through Tangerang District Court as in Case No. 136/Pdt.G/2008/PN.TNG. Tangerang District Court on February 13, 2009, has given the Verdict which stated t declare the Defendant I/ PT. Triton One Indonesia has conducted illegal action which caused loss for the Plaintiff/PT. Bank CIMB Niaga, Tbk. PT. Triton One Indonesia on August 6, 2009, has filed an Appeal through the Registry og Tangerang District Court and on August 3,2009, Banten High Court has given the Verdict on Case No. 63/PDT/2009/PT.BTN which stated to confirm the Verdict of Tangerang District Court. Upon the Verdict of Banten High Court No. 63/PDT/2009/PT.BTN. dated August 3, 2009, PT. Triton One Indonesia has filed for Cassation and PT. Bank CIMB Niaga, Tbk. is represented by Novian & Partners for such Cassation. On July 13, 2010, the Supreme Court of the Republic of Indonesia has given the Verdict on Case No. 403 K/PDT/2010, which stated to decline the Application for Cassation submitted by PT. Triton One Indonesia.
