Ilmu Hukum Prima
Vol. 9 No. 1 (2026): JURNAL ILMU HUKUM PRIMA

Limitations On The Application Of Cross-Border Insolvency Principles In Bankruptcy Proceedings In Indonesia: English

Pramesywari, Dania (Unknown)

Article Info

Publish Date
29 Apr 2026

Abstract

According to Roman Tomasic, cross-border insolvency, also known as international insolvency, occurs when a debtor declared insolvent holds assets in more than one country or has creditors from other countries. The primary goal of cross-border insolvency is efficiency, so that the bankruptcy proceedings can be resolved in a single case, without having to file separate proceedings in every country where the debtor has debts or assets. This phenomenon is becoming increasingly common due to economic globalization and the rise in international trade. However, in Indonesia, regulations regarding cross-border insolvency remain limited and often pose challenges in handling cases involving foreign assets or creditors.

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Journal Info
Ilmu Hukum Prima
Website

Abbrev

IHP

Publisher

Universitas Prima Indonesia

Subject

Humanities Education Law, Crime, Criminology & Criminal Justice Social Sciences

Description

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