When a company has significant payment obligations to other parties and has difficulties fulfilling the obligations, a Suspension of Payments (Penundaan Kewajiban Pembayaran Utang or PKPU) may be an option to be taken to restructure the debt. The PKPU process is facilitated by Article 222 of Law Number 37 Year 2004 concerning Bankruptcy and PKPU. However, a company should prepare itself carefully when taking this option to resolve its debt problem.
What is a PKPU and how is it processed? When a company uses a PKPU to restructure its obligations to other parties, will it be an opportunity or a threat?
Understanding debts can be a crucial problem to corporations. HPRP in collaboration with the Indonesian Corporate Counsel Association (ICCA) invites in-house corporate counsels to attend a workshop on how a company as a debtor can handle the PKPU process. The workshop will discuss debt restructuring through PKPU and bankruptcy, its pros and cons, how to prepare for negotiations, and other related matters.
Any in-house corporate counsel is invited to attend the event. Please RSVP by completing the registration form and send it to the ICCA Secretary (email@example.com) before 24 November 2017. As available seats are limited, registration is on a first come first served basis.
For further enquiries, please contact firstname.lastname@example.org or +62-811-1680-141.