Jakarta – Former President Soeharto is pleased with the Supreme Court's ruling of his lawsuit against Time magazine, his lawyer said Wednesday.

"He was happy with the ruling and thanked his lawyers," M. Assegaf, one of Soeharto's lawyers told detik.com.

Assegaf said Soeharto was informed by his family and his other lawyers, Denny Kailimang and Juan Felix Tampubolon.

The Supreme Court ruled on Aug. 30 a report in Time magazine's Asia edition regarding corruption allegations against Soeharto and distributed internationally on May 24, 1999, was libelous and insulting to the plaintiff.

They ordered Time's publisher and several of its journalists to pay Rp 1 trillion in compensation to the former president for defamation.

"The problem is whether they will pay the compensation or not. If they won't, their assets will be seized," Assegaf said.