Indonesia is one of the countries that recognizes and adheres to international agreements, including the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (hereinafter referred to as the 1958 New York Convention). Indonesia’s recognition and acceptance of the…
The Suspension of Debt Payment Obligations (“PKPU“) is a special civil law regulated specifically under Law No. 37 of 2004 on Bankruptcy and Suspension of Debt Payment Obligations (“UUK-PKPU“). PKPU can be filed by either the debtor or the creditor…
A bank is a business entity that can collect funds from the public in the form of deposits such as savings, checking accounts, time deposits, and other forms, and channel them back to the public (customers) in the form of…