Should Indonesia Learn from Malaysia and Singapore’s Cross-Border Insolvency Asset Settlements?

Wijayanta, Tata; Adistia, Sheva Trisanda; Leonardus, Rado F; Hermawan, B.E

doi:10.20961/yustisia.v13i1.79773

Akses terbuka Jurnal SINTA 1

Should Indonesia Learn from Malaysia and Singapore’s Cross-Border Insolvency Asset Settlements?

Yustisia · Vol. 13 No. 1 (2024) · hlm. 27–37

DOI: 10.20961/yustisia.v13i1.79773
ISSN: 2549-0907, 0852-0941
Terbit: 2024-04-29
Penerbit: Faculty of Law, Universitas Sebelas Maret
Bahasa: eng
Lisensi: creativecommons.org/licenses/by/4.0

Abstrak

The lack of boundaries between countries characterises the current globalisation. This convenience represents "high risk, high return", with the possibility of greater profits, but there is also a high risk of failure. This risk arises due to unpreparedness to mitigate the consequences of using technology or errors in its application, resulting in bankruptcy and affecting business actors and all assets. In Indonesia, the regulation of the cross-border insolvency mechanism still needs to be clarified, especially for cross-border assets that experienced difficulties in execution. This study examined Malaysia and Singapore's cross-border insolvency asset settlement arrangements as the closest countries to Indonesia. The study shows that Malaysia and Singapore have agreements with other countries formed as a collaborative step for settling bankruptcy cases. Indonesia is required to modify the principle of territorialism, either by forming bilateral or multilateral agreements, even by ratifying the UNCITRAL Cross-Border-Insolvency.

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16 penulis · 32 tautan kepenulisan bersama · 9 lintas organisasi

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Universitas Gadjah Mada
University of Brawijaya
Universitas Muhammadiyah Malang
Universitas Airlangga
National Central University
Afiliasi tidak diketahui

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Organisasi sama
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Garis lebih tebal = lebih banyak artikel bersama · lingkaran lebih besar = lebih banyak artikel

Tampilkan sebagai tabel

Rekan penulis	Organisasi	Artikel bersama
Alexander Yovie Pratama Yudha	Afiliasi tidak diketahui	4
Wahyudi Kurniawan	Universitas Muhammadiyah Malang	3
Bambang Eryanto Hermawan	Afiliasi tidak diketahui	3
Haniah Ilhami	Universitas Gadjah Mada	1
Destri Budi Nugraheni	Universitas Gadjah Mada	1
Sujayadi Sujayadi	Universitas Airlangga	1
Herliana	Universitas Gadjah Mada	1
Faizin Sulistio	University of Brawijaya	1
Bambang Sugiri	University of Brawijaya	1
Yonatan	University of Brawijaya	1
Sukarmi	University of Brawijaya	1
Ari Hernawan	National Central University	1

Afiliasi berasal dari OpenAlex; metadata OAI-PMH jurnal tidak memuatnya. Penulis tanpa ID OpenAlex dicocokkan berdasarkan nama, sehingga dua orang bisa tergabung atau satu orang bisa terpisah.

Sumber metadata: OAI-PMH (metadata jurnal) https://jurnal.uns.ac.id/yustisia/oai, pertama di-harvest 10 Nov 2026, terakhir terlihat 10 Nov 2026.

Metadata asli (oai_dc)

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	<dc:title xml:lang="en-US">Should Indonesia Learn from Malaysia and Singapore’s Cross-Border Insolvency Asset Settlements?</dc:title>
	<dc:creator>Wijayanta, Tata</dc:creator>
	<dc:creator>Adistia, Sheva Trisanda</dc:creator>
	<dc:creator>Leonardus, Rado F</dc:creator>
	<dc:creator>Hermawan, B.E</dc:creator>
	<dc:subject xml:lang="en-US">Indonesian Bankruptcy Law; Bankruptcy Assets; Cross Border Insolvenc</dc:subject>
	<dc:description xml:lang="en-US">The lack of boundaries between countries characterises the current globalisation. This convenience represents "high risk, high return", with the possibility of greater profits, but there is also a high risk of failure. This risk arises due to unpreparedness to mitigate the consequences of using technology or errors in its application, resulting in bankruptcy and affecting business actors and all assets. In Indonesia, the regulation of the cross-border insolvency mechanism still needs to be clarified, especially for cross-border assets that experienced difficulties in execution. This study examined Malaysia and Singapore's cross-border insolvency asset settlement arrangements as the closest countries to Indonesia. The study shows that Malaysia and Singapore have agreements with other countries formed as a collaborative step for settling bankruptcy cases. Indonesia is required to modify the principle of territorialism, either by forming bilateral or multilateral agreements, even by ratifying the UNCITRAL Cross-Border-Insolvency.</dc:description>
	<dc:publisher xml:lang="en-US">Faculty of Law, Universitas Sebelas Maret</dc:publisher>
	<dc:contributor xml:lang="en-US"></dc:contributor>
	<dc:date>2024-04-29</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
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	<dc:identifier>https://jurnal.uns.ac.id/yustisia/article/view/79773</dc:identifier>
	<dc:identifier>10.20961/yustisia.v13i1.79773</dc:identifier>
	<dc:source xml:lang="en-US">Yustisia; Vol 13, No 1: April 2024; 27-37</dc:source>
	<dc:source>2549-0907</dc:source>
	<dc:source>0852-0941</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://jurnal.uns.ac.id/yustisia/article/view/79773/pdf</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2024 Tata Wijayanta</dc:rights>
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