Indonesia: New Criminal Code - fraudulent acts against creditors chapter

In brief

The New Criminal Code became the first piece of legislation passed into Law in 2023 and was promulgated on 2 January as Law No. 1 of 2023.

Filed under:
Indonesia, Insolvency & Restructuring, Litigation, White Collar Crime, Baker McKenzie, Articles of association, Anti-money laundering, Anti-bribery and corruption
Authors:
Andi Y. Kadir , Bernard Sihombing , Reno Hirdarisvita , Luthfi Sahputra
Location:
Indonesia
Firm:
Baker McKenzie
Indonesia: Supreme Court reintroduces the right of secured creditors to file a petition for court supervised restructuring (PKPU)

In brief

The Chairman of the Supreme Court has just issued a decree on judicial guidelines for bankruptcy and court supervised restructuring (PKPU) processes ("Supreme Court Decree"), which sets out how Commercial Court judges are to manage bankruptcy and PKPU cases.

Filed under:
Indonesia, Insolvency & Restructuring, Litigation, Baker McKenzie
Authors:
Andi Y. Kadir , Luthfi Sahputra
Location:
Indonesia
Firm:
Baker McKenzie