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Bankruptcy: A Solution?

Tuesday, May 20, 2003

arsip tempo : 173224073133.

. tempo : 173224073133.

Arief T. Surowidjojo*
* Legal practitioner

 

The International Monetary Fund (IMF) and the Indonesian Economic Team still believe that a modern bankruptcy law can provide a solution to the protracted economic crisis. The two institutions are pinning high hopes on this legal mechanism.

During the period 1997-2003, Indonesia signed 18 letters of intent (LoI) with the IMF. Of these, at least 17 emphasized the n


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