A debtor can be declared bankrupt without actually being insolvent; on the other hand, the insolvent debtor might not be able to be declared bankrupt if he/she only has less than two creditors.
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Month: June 2020
Default on Fintech Lending: Who’s Responsible?
As providing the lending service, fintech lending could not avoid the potential default risk (resiko gagal bayar) which occurred by its borrowers and impacted most to the lenders.
The Differences between E-money and E-wallet
Bank Indonesia specifies e-money and e-wallet under the different regulations, aside from its commonly purposed in payment and technology prioritization.
Circular Letter Number 7 of 2020 on Criteria and Requirement for Travel in New Normal Adaptation Period towards Productive and Safe from Corona Virus Disease 2019 (COVID-19) Society.
Indonesian Covid-19 Response Acceleration Task Force has issued a new Circular Letter as a national guideline and reference which is CL No. 7 of 2020 on Criteria and Requirement for Travel in New Normal Adaptation Period towards Productive and Safe from Corona Virus Disease 2019 (Covid-19) Society.
Maintaining Financial System Stability In Amidst COVID-19 Pandemic: Regulation of OJK Number 18/POJK.03/2020
“The purpose of POJK 18/2020 is to regulate the mechanism and procedure of written orders given to the banks. A written request contains some of the corporate actions which are conducting and receiving the consolidation, merger, acquisition, and/or integration.”
Electronic General Meeting of Shareholders by Public-Listed Companies
“POJK 16/2020 has made its possibility for public-listed companies to conduct General Meeting of Shareholders via an electronic mechanism.”