SSEK‚Äôs Michael Carl Discusses PKPU Process in Indonesia
Michael S. Carl, a foreign legal advisor at SSEK Legal Consultants, was a featured speaker at a recent webinar, Utilising Singapore (and Other Offshore Jurisdictions) to Restructure Indonesian Companies.
The webinar was organized by INSOL International and the Asian Business Law Institute (ABLI).
During the webinar, Michael shared that Indonesia's PKPU (suspension of debt payment obligations) process has several advantages despite some unfavorable perception it has attracted over the years. He identified four such advantages, with speed, simplicity, flexibility, specialists and enforceability being the key words.
Watch this video for his analysis.