Today’s Legal Enlightenment (Sunday, October 3, 2021)

by | Nov 5, 2021 | Legal Enlightenment | 0 comments

Share this article

A company (PT Kombet) obtained a loan from a bank (Bapindo) with personal guarantee and borgtoch from the shareholders of that company. Then the shareholders sell their shares with the promise that the debt guarantee from the old shareholders will be canceled and the new shareholders (buyer) will provide a replacement guarantee to Bapindo (creditor). When the credit could not be paid by PT Kombet and declared as bad credit, it turned out that at the time the execution was about to be carried out, the new shareholder had not yet given a replacement guarantee to Bapindo. In this condition, the old shareholders are still bound as guarantors for the debts of PT Kombet.

Supreme Court Decision No. 2579 K/Pdt/1995 dated August 28, 1997

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Your email address will not be published.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