Pursuing Anti-Bankruptcy Law
Monday, September 13, 2021
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.
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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