Restructuring and Insolvency in Indonesia: Overview | Practical Law

Restructuring and Insolvency in Indonesia: Overview | Practical Law

A Q&A guide to restructuring and insolvency law in Indonesia.

Restructuring and Insolvency in Indonesia: Overview

Practical Law Country Q&A 6-553-2910 (Approx. 15 pages)

Restructuring and Insolvency in Indonesia: Overview

by Denny Rahmansyah and Mahareksha Singh Dillon, SSEK Law Firm
Law stated as at 01 Jan 2022Indonesia
A Q&A guide to restructuring and insolvency law in Indonesia.
The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform.
To compare answers across multiple jurisdictions, visit the Restructuring and Insolvency Country Q&A Tool.
This Q&A is part of the global guide to restructuring and insolvency law. For a full list of jurisdictional Q&As visit global.practicallaw.com/restructure-guide.