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JPMORGAN CHASE BANK, N.A. v. ASIA PULP & PAPER CO.

Nos. 10-3413, 12-2123.

707 F.3d 853 (2013)

JPMORGAN CHASE BANK, N.A., successor in interest to the First National Bank of Chicago, Plaintiff-Appellee, v. ASIA PULP & PAPER COMPANY, LTD., PT. Indah Kiat Pulp & Paper Tbk., and PT. Pabrik Kertas Tjiwi Kimia Tbk., Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided February 21, 2013.

Attorney(s) appearing for the Case

James Crowley (argued), Attorney, Crowley & Lamb, P.C., Chicago, IL, for Plaintiff-Appellee.

Thomas J. Ramsdell (argued), Attorney, Howard & Howard Attorneys PLLC, Chicago, IL, for Defendants-Appellants.

Before BAUER, FLAUM, and SYKES, Circuit Judges.

SYKES, Circuit Judge.

These consolidated appeals arise out of a complicated financing arrangement put in place to underwrite Beloit Corporation's construction of two massive paper-making machines for a consortium of paper manufacturers in Southeast Asia. Simplified, the basic facts are these: In 1996 Beloit agreed to build two high-speed paper-making machines for Indonesian paper companies PT. Indah Kiat Pulp & Paper...

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