Monthly Archives: August 2016

Pledge of Shares

Law Number 40 of 2007 on Limited Liability Company ("Company Law") only recognizes the classification of registered shares. However, Article 53 paragraph (1), (2) and (3) of Company Law states that, the Articles of Association may determine more than one classification of shares. If there is more than one classification of shares, then the Articles…
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Steps Of Company Liquidation

Background Definition of Liquidation according to Kamus Besar Bahasa Indonesia is “the winding up of Company as a legal entities that includes the payment of obligation to all creditors and distribution of remaining assets to the shareholders (Company)”. The main purpose of liquidation is to perform any legal action and settlement of Company’s assets which…
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