A GJ Topics article.

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Abstract

This article describes the efforts to implement a few of the economic laws which match Indonesia's huge economic potential. From the perspective of a potential creditor, there is a conflict which appears to exist world-wide between secured transaction laws and bankruptcy laws. This conflict is particularly severe in Indonesia, a facet of the current economic crisis. While Indonesia is making brave attempts to solve individual (secured creditor) and collective action (bankruptcy) problems, creditors' transactions costs and legal risks are much higher that they would be under more modern legal regimes. The article concludes that legal reforms are needed in order to stimulate broader, deeper, and more competitive debt finance markets.

Originally published in Global Jurist Topics.

Recommended Citation

Brietzke, Paul (2001) "Securitisation and Bankruptcy in Indonesia: Theme and Variations," Global Jurist Topics: Vol. 1 : Iss. 1, Article 5.
Available at: http://www.bepress.com/gj/topics/vol1/iss1/art5