Posts Tagged ‘PKPU’

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Recent Developments in Bankruptcy Law and Suspension of Debt Payments in Indonesia

By Dewi Savitri Reni and Dimas Indartono Indonesia has had a bankruptcy law since 1905, when Staatsblad 1905 No. 217 juncto Staatsblad 1906 No. 348 Concerning Bankruptcy was enacted. In response to the 1997-98 Asian financial crisis, and the view that the 1905 bankruptcy law was out of date and irrelevant to modern commercial needs, [...]

Bankruptcy

Fee Guidelines for Administrators and Receivers in Indonesian Bankruptcy Proceedings

By Dewi Mayangsari and Dewi Savitri Reni Law No. 37 of 2004 regarding Bankruptcy and Suspension of Debt Payments (“Bankruptcy Law”) stipulates that the fees for Administrators and Receivers are decided after the bankruptcy or the Suspension of Debt Payment (Penundaan Kewajiban Pembayaran Utang or “PKPU”) is concluded. While there is some subjectivity in determining [...]