Korporasi
3 IMPORTANT POINTS OF CONSTRUCTION SERVICES YOU NEED TO KNOW
“Efforts to resolve construction dispute are through Mediation, conciliation, and arbitration. What is interesting is that in Law No. 2/2017 regulates that the parties, which are the provider and the user of construction services, may form a dispute board.” On several occasions, we are often asked about construction law, such as: “what legal aspect should…
Read MoreIMPORTANT POINTS ON INVESTIGATION OF BUSINESS COMPETITION CASES
“Investigation is a series of activities conducted by investigator to obtain sufficient evidences as completeness and explication of Clarification Report, Report of Study Result, Research Result, and Supervision Result.” Before we discuss the steps and procedues on investigation of business competition cases, it is important to understand what is included in the investigation. In KPPU…
Read MoreALL ASSETS OWNED BY DEBTOR CAN BE USED AS COLLATERAL FOR DEBT PAYMENT
“All assets of the debtor, either present or future, can be used to paid the debt of debtor.” In an agreement which incurs debt between parties, the creditor will generally ask debtor to submit collateral. This collateral is used to “save” creditor if, in the future, the debtor is unable to fulfil his obligation. Such…
Read MoreSCHEME OF OPTIONS IN FILING THE SUSPENSION OF DEBT PAYMENT OBLIGATION (PKPU) YOU NEED TO KNOW
“Request of PKPU may be filed on the initiative of a party or in the court of bankruptcy petition.” Suspension of Debt Payment Obligation (PKPU) is a mechanism which may be used by debtor to re-negotiate with all his creditors. However, the negotiation is conducted by the court’s assistant, in this case, the supervisory judge…
Read MoreCAN RECONCILIATION BE DONE AFTER THE DEBTOR IS DECLARED BANKRUPT?
Debtor may offer reconciliation if the majority creditor does not agree with the bankruptcy decision against the debtor due to not being asked for approval nor summoning the majority creditor. After declared bankrupt by the Commercial Court’s decision, Debtor still has the right to offer reconciliation. This right is stipulated under Article 144 of Law…
Read MoreHOW TO RESOLVE ENVIRONMENTAL DISPUTE IN INDONESIAN LAW
“Environmental dispute settlement can be reached through the Court or out of Court” In some cases related to environmental dispute, Corporations are the most dominant subject as the perperator of the decreasing environmental quality in particular region or community. This condition cannot be separated from the corporation’s activity in exploiting large amount of natural recources…
Read MoreIMPORTANT THINGS TO BE CONSIDERED IN FILING FOR BANKRUPTCY TO THE COMMERCIAL COURT
“Petition for bankruptcy may be filed by the creditor/s or even the debtor itself.” Petition for bankruptcy is generally filed by the creditors who have receivables against the debtor. However, besides filed by the creditors, the debtor may file for bankruptcy against himself. It is in accordance with Article 2 paragraph (1) Law Ini 37…
Read MoreAuthentication Powers of Notarial Deed Drafted Outside the Notary’s Jurisdiction
“A Notary is prohibited to draft a Notarial Deed outside his/her jurisdiction.” One of our clients had asked the following question: “My company, domiciled in South Jakarta, will hold a General Meeting of Shareholders (GMS), requires a notary to attend the GMS to make minutes of the meeting. Is it possible for our notary partner,…
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