Are you familiar with Suspension of Debt Payment (Penundaan Kewajiban Pembayaran Utang or “PKPU”)?
As the name itself suggests, PKPU is one of the efforts that can be taken by the debtor or creditor to reach reconciliation. Today’s #BILLawFact provides noteworthy elements of a PKPU application by debtor and creditor.
You may reach us at [email protected] for any queries in regard to PKPU, and other restructuring & insolvency matters.