Fee Guidelines for Administrators and Receivers in Indonesian Bankruptcy Proceedings
By Dewi Savitri Reni and Dewi Mayangsari Law No. 37 of 2004 regarding Bankruptcy and Suspension of Debt Payments (the “Bankruptcy Law”) stipulates that the fees for Administrators and Receivers are decided after the bankruptcy or the Suspension of Debt Payment (Penundaan Kewajiban Pembayaran Utang or “PKPU”) is concluded. While there is some subjectivity in determining … Fee Guidelines for Administrators and Receivers in Indonesian Bankruptcy Proceedings