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Indonesia
SSEK Indonesian Legal Consultants
The COVID-19 global pandemic has taken a toll on the Indonesian economy, underlining the need for financial institutions to have adequate liquidity in the face of uncertain times
Assegaf Hamzah & Partners
Following the disappointing decision by the Constitutional Court (click here to read our update on this topic), secured creditors suffer another setback as a result of a decree1 issued by the Chairman of the Supreme Court.
Assegaf Hamzah & Partners
The Supreme Court recently issued a decision cancelling a settlement agreement despite creditors' approval.
SSEK Indonesian Legal Consultants
Indonesia's central bank, Bank Indonesia ("BI"), has issued BI Regulation Number 21/2/PBI/2019 concerning the Reporting of Foreign Exchange Activities ("Regulation 2/2019").
Budidjaja International Lawyers
The New Insurance Law provides that the procedures and requirements relating to a creditor's application are to be governed through the OJK regulations.
O'Melveny & Myers LLP
On 18 March 2010, the Indonesian Ministry of Finance released Regulation No. 64 of 2010 (the "Regulation") regarding settlement of non-performing loans ("NPLs") of State-owned enterprises engaged in banking business.
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