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In the Manulife shares transaction case, the police are currently detaining the bankruptcy receiver. Could they possibly be barking up the wrong tree?

January 8, 2001

THE Bankruptcy Law has finally managed to sacrifice innocent victims. The emergence of Law Number 4 of 1998 was due to the initiative of the International Monetary Fund (IMF) and meant as a tool for forcing recalcitrant debtors to immediately pay back their loans to their respective creditors, most of which were foreign corporations. Alas, instead of effectively achieving the main goal, a receiver who was appointed to manage the bankruptcy proces

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