Mitigating the Impact of the Global Pandemic COVID-19 within Indonesian Bankruptcy Law and Legal Transaction
Abstract
On 11 March 2020, the World Health Organization announced the existence of the COVID- 19 as a global pandemic. Due to its highly contagious nature, WHO, alongside national governments, introduced social distancing policies. As a result, government’s measures have severely disrupt economic activities such as trade, tourism, even legal sector in Indonesia where business threaten to enter bankruptcy and debt restructuring. This af ects hugely on how legal transactions and bankruptcy law are held in Indonesia. Global and local transactions, companies, and even small businesses are temporarily forced to halt their business due to the social distancing measures, leading to inevitable change on bankruptcy law operates in Indonesia. This article will digest the impacts of COVID-19 in the Indonesian Bankruptcy Law to build resilience and resistance towards COVID-19 from the legislature and law enforcement perspectives.
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