JAKARTA, Indonesia – The economic impact of coronavirus crisis has been perceived. We have seen hundreds or even thousands of employees were laid off from their jobs, and most contractors stand their projects down because of strict restrictions during the pandemic. The next phase that we are currently facing is disputes, arising as the effect of unpaid debts or unfulfilled obligation. In some commercial courts the trend of cases registrered during this first half year is higher than last year. In the precedented future if it is not anticipated the trend will likely continue.
Rather than to be reactive, a debtor should be proactive to restructure its debts. Not only to the banks, but also to vendors or other business partners. Being pass…
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