J Trust Co., Ltd.
【Group Lease】Notice on progress of Thai litigation related to Group Lease | 2026-09-15
Thai court orders enforcement proceedings against GL. The total claimed amount is 5,522,400,000 Thai Baht (about 26,508 million yen). The fulfillment deadline was September 9, 2026. Enforcement procedures are being initiated in preparation for collection, and we will strive to maximize recovery.
Key Figures
- Total claim amount: 5,522,400,000 Thai Baht (about 26,508 million yen)
- Fulfillment deadline: 2026-09-09
- Enforcement order issued
- Appointment of the official receiver in progress
AI要約
Current status of the case and response policy
Our group is continuing litigation with JTRUST ASIA PTBE. LTD. regarding redemption of convertible bonds in Thailand. The Thai court issued a first-instance judgment ordering GL to pay a total of 5,522,400,000 Thai Baht and late damages. Although the fulfillment deadline of September 9, 2026 passed without payment, enforcement procedures have begun. An enforcement order against GL has been issued, and the appointment of an official receiver has progressed. Our group will leverage its experience to maximize damage recovery.
Future actions and impact
Implementing enforcement will raise considerations about potential future cash recovery and the impact on financial condition. However, there is no specific recovery amount or practical timing available at this time, and several unknowns remain, so further disclosures will be awaited.
Group Lease Public Company Limited
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