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Principles of Recognition of Indonesian Bankruptcy Decisions Abroad Based on Principles of International Law

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Cross border insolvency complicates bankruptcy procedures, affecting economic stability across jurisdictions.
Different countries' rules and practices can create challenges in recognizing bankruptcy decisions abroad, particularly in ASEAN.
Globalization enhances economic interdependence while increasing risks associated with liquidity and insolvency issues.
Addressing these differences in international law is crucial for effective enforcement of bankruptcy decisions.

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This analysis reveals complexities in cross border insolvency for Indonesia and ASEAN countries, highlighting differing jurisdictional practices.

Permana et al. (2025) studied this question.

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This analysis reveals complexities in cross border insolvency for Indonesia and ASEAN countries, highlighting differing jurisdictional practices.