When a Company Declared Bankrupt? Here’s the Process and Its Impact!
Based on Article 1 number 1 of Law Number 37 of 2004 concerning Bankruptcy and Postponement of Debt Payment Obligations (“UU K-PKPU”), bankruptcy is a general seizure of all the assets of a bankrupt debtor whose administration and settlement are conducted by a curator under the supervision of a supervisory judge. To file for bankruptcy,...
Read MoreInheritance in Islam involves complexities when the deceased is Muslim but their spouse and children are of a different faith. Do they have inheritance rights?
The provisions regarding inheritance are regulated in the Compilation of Islamic Law (“KHI”) for heirs who are Muslims, commonly referred to as Islamic Inheritance Law. Meanwhile, for heirs who are non-Muslims, including Indonesian citizens of Chinese or European descent, they follow the inheritance rules in the Civil Code (“KUHPerdata“), customary law, or recognized religions in...
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