Pursuing Anti-Bankruptcy Law
The Indonesian Employers Association (Apindo) is asking the government to impose a moratorium on filing petitions for bankruptcy and debt payment postponement (PKPU). This could be a field day for bad debtors.
Khairul Anam
September 13, 2021
AT the end of July, Teddy Anggoro’s phone rang. But the lecturer at the University of Indonesia’s Law Faculty ignored it, because he needed a full rest as he was recovering from Covid-19.
The next morning, the same person rang him up again. He asked Teddy about the progress of the revision process for Law No. 37/2004 on bankruptcy and debt payment postponement (PKPU). Teddy replied that there was no significant development. The caller
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