AKPI Pushes for Cross-Border Insolvency Reform at Indonesia Insolvency Conference 2026
The Indonesian Association of Curators and Administrators (AKPI) is hosting the Indonesia Insolvency Conference (IIC) 2026 on 16–17 July 2026 at The Meru Bali as an international forum to drive reform of Indonesia’s insolvency law amidst increasing cross-border business and investment activity. The conference brings together judges, regulators, policymakers, restructuring and insolvency practitioners, academics, financial institutions, and business actors from various countries in the Asia Pacific region.
Embracing the theme ‘Embracing the UNCITRAL Model Law on Cross-Border Insolvency as a Roadmap for the Future of Restructuring & Insolvency Practice’, the conference serves as a platform to discuss strengthening Indonesia’s legal system to be more adaptive to the challenges of resolving multi-jurisdictional cases while aligning with international best practice.
The event is motivated by the increasing complexity of international business disputes involving assets, creditors, debtors, and stakeholders across multiple countries. This situation is seen as requiring a legal system capable of providing legal certainty, strengthening inter-state cooperation, and creating a more effective insolvency resolution mechanism.
AKPI Chairman Dr. Jimmy Simanjuntak stated that Indonesia needs to begin adapting its insolvency system to international legal developments, including through discussions on adopting the UNCITRAL Model Law on Cross-Border Insolvency as part of updating the Bankruptcy and Suspension of Debt Payment Obligations (PKPU) Law. ‘Indonesia must be open to how bankruptcy rulings are recognised in other countries, and vice versa, so that Indonesia can also begin to adopt these provisions. We have also discussed this with the Supreme Court and the Ministry of Law,’ he said.
According to him, the rise in international trade and investment has changed the character of insolvency cases, which are no longer confined to a single jurisdiction. Therefore, Indonesia needs a legal framework that can protect creditors’ interests while effectively supporting cross-border case resolution.
Vice Minister of Investment and Downstreaming/Deputy Head of BKPM, Todotua Pasaribu, in his opening remarks, stressed that legal reform is a crucial factor in enhancing Indonesia’s investment competitiveness. He noted that the national economic growth target of eight per cent requires strong investment support and a legal system that provides certainty for the business world. ‘We want investors to feel confident, not only when starting a business in Indonesia, but also when facing business problems or cross-border restructuring,’ he said.
Todotua explained that the government continues to improve the investment climate through regulatory simplification, enhanced service certainty, and strengthening various investment facilities in the regions. He added that the government is also studying various international best practices, including the principles in the UNCITRAL Model Law, as part of developing the national legal system for insolvency.
Meanwhile, Bali Governor Wayan Koster conveyed that the conference theme is highly relevant to the increasingly integrated global economy. He noted that restructuring and insolvency can no longer be viewed as purely domestic issues because business activities now involve many countries. ‘The UNCITRAL Model Law essentially exists to address these challenges, namely ensuring that restructuring and insolvency processes can be understood, coordinated, and provide better legal certainty when involving assets or parties across borders,’ Koster said.
He added that regulatory readiness, institutional capacity, and human resources are essential foundations for building a consistent insolvency legal system that can provide legal certainty. The Bali Provincial Government also supports various efforts that can strengthen investor confidence, especially given the high level of investment activity in the property and tourism sectors in Bali.
Over the two-day event, the conference features speakers from various backgrounds, including government officials, judicial institutions, regulators, member organisations of the Regional Restructuring & Insolvency Organisations Forum (RRIOF), academics, financial institutions, and restructuring practitioners from various countries. Strategic issues under discussion include the urgency of adopting the UNCITRAL Model Law in Indonesia, judicial cooperation in resolving cross-border insolvency cases, asset tracing and asset recovery, the role of the banking sector in international restructuring, criminal law enforcement related to insolvency, and best restructuring practices from various jurisdictions.
Through the Indonesia Insolvency Conference 2026, AKPI hopes to build stronger collaboration between the government, judicial institutions, regulators, the legal profession, the business community, and the financial sector. This synergy is expected to accelerate the modernisation of Indonesia’s insolvency legal system, boost investor confidence, and strengthen national competitiveness amidst an increasingly interconnected global economy.