Legal Issue in the Matter of Cross-Border Insolvency in Indonesia Based on Law No. 37 Of 2004 on the Insolvency and Postponement of Debt Payment Obligation

The issue of cross-border insolvency is growing rapidly in line of the global economic movement. The foreign elements on insolvency process raises question on the States’ jurisdiction, the Court’s authority to adjudicate the case of cross-border insolvency, the recognition of Indonesia’s court decis