Japan Land

Japan Land: Suspended Co. loses its suit to get reprieve for unsecured creditors of its Jurong Data Centre (JDD). JDD was forced into receivership last yr after delaying paying its contractor. High Court dismissed JAL's lawsuit, challenging whether its contractor M&W is a secured creditor and if certain assets of the centre can be used to pay unsecured creditors. To date, M&W's claim against JDD is unadjudicated, and currently stands at $207m. Co. is considering whether to appeal.