Canceled in the Name of Justice

Plans to extend the debt repayments of conglomerates have been rejected, but this does not necessarily make things easier. Irresponsible debtors cannot be approached with compromise.

March 12, 2002

After ironing out its differences over the best way to handle conglomerate debts, the government eventually came up with a decision. The essence of the decision made Thursday last week is as follows: the proposal of the Financial Sector Policy Committee (KKSK) to extend the Shareholders' Liability Settlement (PKPS) to 10 years, was rejected. The reason being, the handling of conglomerate debts must satisfy the principles of justice. Extending

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