The Central Jakarta Commercial Court recently granted a debtor application to revoke the suspension of debt payment (“PKPU”) status. The application to revoke the suspension of debt payment is regulated under Article 259 of Law No. 37 of 2004.
In this legal alert, our Partner, Narada Kumara, and Associate, Boni Facius Justin, elaborated the uncommon implementation of provisions regarding revocation of suspension of debt payment invoked by the Debtor with particular focus on Central Jakarta and Medan Commercial Court Decision.
Read the full version of the article here: https://bit.ly/33pRv8N.
Should you have any inquiries regarding debt restructuring implementation in Indonesia, you can reach us at [email protected].