Are secured creditors secured?

Supreme Court issued guidelines on bankruptcy and suspension of debt repayment – you might want to rethink your options.

The highest judiciary authority in Indonesia, the Supreme Court (Mahkamah Agung, MA), recently issued MA Decree No. 3/KMA/SK/I/2020 on the Guidelines on the Handling of Bankruptcy and Suspension of Debt Payment Proceedings (the Guideline). This Guideline sets out, among others:

Filed under:
Indonesia, Insolvency & Restructuring, Hogan Lovells, Bankruptcy, Debt
Authors:
Chalid Heyder , Aditya Alam , Dyah Paramita , Julia Nugroho
Location:
Indonesia
Firm:
Hogan Lovells