Deliberating Revisions

THE DPR has finally begun deliberating revisions to Law No. 4/1998 on Bankruptcy. Deliberations come following commercial court verdicts over insurance companies, Manulife and Prudential. In a series of controversial verdicts, the Central Jakarta Commercial Court declared both companies bankrupt. Even though the Supreme Court has since overturned both verdicts, legislators have decided to take action to prevent similar verdicts from being handed d

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