Keterbatasan Kekuatan Eksekutorial Putusan Pailit Indonesia dalam Perkara Kepailitan Lintas Negara

Elirica Aliyah Irwan Bauw; Ema Nurkhaerani

doi:10.62383/amandemen.v2i3.966

Authors

Elirica Aliyah Irwan Bauw Universitas Pembangunan Nasional ‘Veteran’ Jakarta
Ema Nurkhaerani Universitas Pembangunan Nasional ‘Veteran’ Jakarta

DOI:

https://doi.org/10.62383/amandemen.v2i3.966

Keywords:

Cross-Border Insolvency, Bankruptcy Decision, UNCITRAL Model Law

Abstract

This study examines the issue of cross-border insolvency in the context of Indonesian bankruptcy law, particularly the limitations of national law in handling cases involving foreign elements such as assets or creditors outside Indonesia. Although Law Number 37 of 2004 contains universal principles, its implementation is hindered by Indonesia's adherence to the principle of territoriality and the absence of international agreements on mutual recognition and enforcement of foreign bankruptcy decisions. This normative legal research employs statutory and conceptual approaches to analyze the legal framework and principles relevant to cross-border insolvency. The findings show that Indonesian bankruptcy rulings currently have limited extraterritorial effect and cannot be directly enforced abroad without proper international legal instruments. To overcome these limitations, the adoption of the UNCITRAL Model Law on Cross-Border Insolvency is deemed necessary, along with efforts to establish bilateral or multilateral agreements. Such steps are expected to enhance legal certainty, protect creditors’ rights, and improve Indonesia’s insolvency regime in the context of global commerce.

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