KEPAILITAN LINTAS BATAS PERSPEKTIF HUKUM INTERNASIONAL DAN PERBANDINGANNYA DENGAN INSTRUMEN NASIONAL DI BEBERAPA NEGARA
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Currently cross-border insolvency is not a new thing since free trade requires loan agreement with foreign parties. The issues with debtor's assets confiscation in other countries are the recognition and implementation of the domestic's court decision in other countries and vice versa. Based on normative juridical research, Indonesia, Thailand, and Singapore do not recognize bankruptcy decision from other states domestic court due to the application of territoriality principle that debtor's assets in these countries cannot be confiscated by foreign creditors and the bankruptcy decision by those courts will not be recognized and implemented in other countries. With cross-border insolvency bilateral agreements such as between Singapore and Malaysia, the bankruptcy decision of each country can be recognized and implemented in countries which enter into agreements. Different to Japan and South Korea which apply the universality principle so that domestic bankruptcy decision may apply to the debtor's assets abroad and vice versa.
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Buku
Bayu Seto Hardjowahono, Dasar-Dasar Hukum Perdata Internasional Buku Kesatu (PT Citra Aditya Bakti 2006).
Daniel Suryana, Kepailitan Terhadap Badan Usaha Asing Oleh Pengadilan Niaga Indonesia (Pustaka Sastra 2007).
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Sudargo Gautama, Indonesia Dan Konvensi-Konvesi Hukum Perdata Internasional (Alumni 2007).
””, Hukum Perdata Internasional Indonesia Buku Kesatu (PT Alumni 2008).
Suyana, Hukum Kepailitan: Kepailitan Terhadap Badan Usaha Asing Oleh Pengadilan Niaga Indonesia (Pustaka Sustra 2007).
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