The Commercial Court was established in 1998 following the 1997 monetary crisis at the request of the IMF and the World Bank to rescue collapsing companies. The establishment of this court was urgent, prompting the government to issue Government Regulation in Lieu of Law No. 1 of 1998, which was later enacted as Law No. 37 of 2004 on Bankruptcy and Postponement of Debt Payment Obligation (PKPU). Many companies were successfully saved through the PKPU application, which allows debtors to voluntarily restructure their debts, a privilege granted under the applicable regulation that must be decided within 3 working days.

We are a law firm actively engaged in litigation at the Commercial Court, both as legal representatives of petitioners/respondents, Creditor/ Debitor or as administrator/curator. Bankruptcy and PKPU are our areas of expertise, with many of our Partners and Associates having backgrounds in finance and banking, frequently handling debt restructurings. This commercial litigation is effective as it enables debtors to restructure the debts of all creditors whether preferential, separatist, or concurrent through a single peace proposal covering all creditors, thus ensuring a fast and measurable proces

BANKRUPTCY & INSOLVENCY