SSA Advocates Represents a Textile Company Towards 20 Billion Rupiah Bankruptcy Petition

Suhardi Somomoeljono & Associates (“the Firm”) has succesfully assisted one of the leading manufacture company in Indonesia (“Client”) to settle the remaining debt in order to prevent “PKPU” status due to suspension of payment obligation petition that was submitted by foreign manufacture company with the total value of IDR 20.000.000.000 (twenty billion Rupiah).

On the last day before Jakarta Commercial Court decision pronounced, Client managed to pay the remaining debt with a value of IDR 4.000.000.000 (four billion Rupiah) to the creditor and the Firm also managed to convincing the creditor by negotiation in order to revoke the petition at the day.

The dispute led by senior associate Rangga Adityawarman and supervised by partner Dianyndra K. Hardy. Since the Firm has many experiences in dispute resolution sector, our lawyers have decent understanding with vary dispute matters.

For further details on our dispute resolution services, do not hesitate to contact the partners stated under the key contact.

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