Cross-Border Insolvency Dalam Eksekusi Harta Pailit PT Sri Rejeki Isman TBK (Sritex) Dalam Perspektif Undang-Undang Kepailitan
DOI:
https://doi.org/10.20961/lder.v1.i1.3460Keywords:
Cross-Border Insolvency, Recognition, Execution of Bankruptcy AssetsAbstract
This article aims to analyze the legal issues of cross-border insolvency, focusing on the execution hurdles of PT Sri Rejeki Isman Tbk (Sritex) assets in Singapore. Using a normative legal method, this study examines the conflict of norms between the principle of universality in Article 21 of Law No. 37 of 2004 and the principles of territoriality and foreign state sovereignty. The analysis shows that although theoretically Sritex's assets through PT Golden Legacy Pte. Ltd. are included in the bankruptcy estate, Indonesian curators lack automatic executory power in Singapore due to the absence of an effective reciprocity recognition mechanism. Practical obstacles are evident in the Section 64 IRDA 2018 moratorium in Singapore, which freezes legal actions against debtor assets, forcing curators to undergo a costly and time-consuming recognition procedure. This inefficiency results in a lower recovery rate for Indonesia (45.3%) compared to Singapore (89.1%). This article recommends the adoption of the UNCITRAL Model Law on Cross-Border Insolvency into national law to ensure legal certainty, court-to-court cooperation, and the protection of creditor rights on an international scale.
References
Ade Rizki, Muh, Sitti Fatimah Maddusila, and Muhammad Ikbal. MENERAPKAN ASAS PARI PASSU PRORATA PARTE DAN KREDITUR KONKUREN DALAM PENYELESAIAN PIUTANG HARTA DEBITUR PAILIT Applying The Principle Of Pari Passu Prorata Parte And Concurrent Creditors In Settlement of Debts Receivable From The Assets of Bankrupt Debtors Article Abstrak. 02 (2025).
Adhi Hutama, I. Dewa Made, and Dewa Gde Rudy. “Penyelesaian Perkara Kepailitan Dengan Harta Pailit Berada Di Luar Negeri.” Acta Comitas 5, no. 2 (2020). https://doi.org/10.24843/ac.2020.v05.i02.p12.
Fitria, Annisa. “Tinjauan Hukum Eksekusi Harta Pailit Debitor Di Luar Negeri.” Lex Jurnalica 17, no. 3 (2020).
Ganindha, Ranitya, and Nadhira Indira. “KEWENANGAN KURATOR DALAM EKSEKUSI ASET DEBITOR PADA KEPAILITAN LINTAS BATAS NEGARA.” Arena Hukum 13, no. 02 (2020). https://doi.org/10.21776/ub.arenahukum.2020.01302.8.
Hanifah, Ida. “KEBIJAKAN PERLINDUNGAN HUKUM BAGI PEKERJA RUMAH TANGGA MELALUI KEPASTIAN HUKUM.” Jurnal Legislasi Indonesia 17, no. 2 (2020). https://doi.org/10.54629/jli.v17i2.669.
Marzuki, P. M. “Penelitian Hukum: Edisi Revisi.” Jakarta: Kencana Prenada Media Group., 2017.
Muhammad Dzaky, Budi Santoso, and Hanif Nur Widhiyanti. “Analysis Of Cross-Border Insolvency Dispute Resolution In Insolvency Practice In Indonesia.” International Journal of Islamic Education, Research and Multiculturalism (IJIERM) 5, no. 3 (2023). https://doi.org/10.47006/ijierm.v5i3.275.
PEMBERESAN HARTA DEBITOR PAILIT DALAM KEPAILITAN LINTAS BATAS NEGARA (CROSS-BORDER INSOLVENCY) YANG. 2019.
Puspitasari, Lia Nopiharni, Dian Septiandani, Diah Sulistyani Ratna Sediati, and Kadi Sukarna. “PROBLEMATIKA EKSEKUSI HARTA PAILIT DALAM CROSS BORDER INSOLVENCY.” JURNAL USM LAW REVIEW 4, no. 2 (2021). https://doi.org/10.26623/julr.v4i2.4238.
Reinhard S, Andra R., Fauzie Yusuf Hasibuan, and Pattharawadee Rangsimanop. “Judicial Discretion and the Limits of Homologation in Cross-Border Insolvency: Rethinking Legal Certainty and Creditor Protection from a Comparative Perspective.” In Journal Evidence Of Law, vol. 4. 2025. https://jurnal.erapublikasi.id/index.php/JEL983.
Rifzki Raihansah, Halimah Zahrah, Rhiza Villani, and Hanifa Aulia. “Analisis Kepailitan, Rantai Pasokan Dan Tenaga Kerja Di Industri Tekstil Indonesia.” PENG: Jurnal Ekonomi Dan Manajemen 2, no. 4 (2025). https://doi.org/10.62710/4ca9mf30.
Saija, Ronald, Syadzwina Hindun Nabila, Wijaya Natalia Panjaitan, and Roy Prabowo Lenggono. “Implikasi Eksekusi Kurator Atas Aset Debitor Pailit Yang Berada Di Luar Batas Yuridiksi Indonesia.” Balobe Law Journal, ahead of print, 2024. https://doi.org/10.47268/balobe.v4i2.2367.
Singh, Ajinderpal, Adriel Wen Qiang Chioh, and Alexander Wei Lee. Insolvency, Restructuring and Dissolution Act Compendium. Singapore: LexisNexis, 2020.
Sosial, Jurnal, Dan Teknologi, Helsen Yonathan, Binoto Nadapdap, and Dhaniswara K. Harjono. “Perlindungan Hukum Bagi Kreditur Dalam Memperoleh Hak-Haknya Atas Putusan Pailit Debitur Terkait Keberadaan Asset Dibetur Di Luar Negara/ Cross Border Insolvency (Perbandingan Penyelesaian Asset Debitur Lintas Batas Negara).” Jurnal Sosial Dan Teknologi (SOSTECH) 5, no. 4 (2025).
Tania, N., G. Lie, and M. R. Syailendra. “PROBLEMATIKA EKSEKUSI HARTA PAILIT DI LUAR YURISDIKSI INDONESIA DALAM PERKARA KEPAILITAN LINTAS NEGARA.” PROSIDING SERINA, 2021.
Zahra, Fatimah Az, and Aurora Jillena Meliala. “Urgensi Harmonisasi Kepailitan Lintas Batas Terhadap Kewenangan Kurator Dalam Eksekusi Aset Debitor (Studi Implementasi Uncitral Model Law Di Korea Selatan.” Jurnal Locus Penelitian Dan Pengabdian 4, no. 12 (2025). https://doi.org/10.58344/locus.v4i12.5321.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Kristofora Mega, Yudho Taruno Muryanto (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License.
