We All Lose

The case of PT Asuransi Jiwa Manulife Indonesia (AJMI) clearly illustrates the acrimonious relationship between foreign investors and the law in Indonesia. AJMI, an insurance company that was running well and in a sound financial position was declared bankrupt by the Central Jakarta District Court's commercial court on June 13. If legal certainty were guaranteed, Indonesia would definitely attract foreign investors. As it is, no investors a

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