Today’s Legal Enlightenment (Saturday, June 11, 2022)

by | Jun 15, 2022 | Legal Enlightenment | 0 comments

Share this article

Today’s Legal Enlightenment (Saturday, June 11, 2022) – “THE AUTHORITY OF A CREDITOR IN A SYNDICATED BANK LOAN IN RELATION TO BANKRUPTCY”

One of the creditors in giving the “syndicated loan” without the approval of the majority of creditors is not authorized to take legal action alone to file bankruptcy claims in court against debtors and/or debt guarantors who have been declared in default. The action of one creditor must obtain the approval of the majority of the other creditors, in accordance with the mutually agreed clauses in the loan agreement.

Supreme Court Decision No. 025 K/N/1999 dated September 2, 1999

Regards,

Fredrik J. Pinakunary


Share this article

Submit a Comment

Your email address will not be published. Required fields are marked *

Our firm has a simple philosophy based upon three fundamentals: integrity, knowledge and reliability to conduct and maintain our quality of services.

Our firm is committed to work hard to resolve any legal issues without litigation, nonetheless if it is necessary, our firm will strive to ensure that our clients will get their legal issues dealt with, effectively, efficiently, supported by a team of experienced lawyers in litigation with good reputation.

Office

Office 8 Building, 17th Floor

Jl. Jenderal Sudirman Kav. 52-53, SCBD Lot. 28, Jakarta, 12190, Indonesia.

 

Phone / Fax

Phone: +622129332990, +622129332991

Fax: +622129332992 

FJP Law Offices | Designed by IndonesiaGo Digital