Meeting on insolvency law

Meeting on insolvency law

JAKARTA (JP): Finance minister Prijadi Praptosuhardjo said on
Saturday that an informal experts meeting to discuss the
insolvency law design would be held in Jakarta on September 14.

Prijadi said the discussion would be held in cooperation with
the Organization for Economic Cooperation Development (OECD) and
the Asia Pacific Economic Cooperation (APEC).

"The September 2000 meeting will bring together about 40
policy makers, members of the judiciary, private sector
practitioners, academics from Indonesia and a small group of
outside experts. This meeting will serve as a preparation for the
February 2001 Forum for Asian Insolvency Reform meeting," he said
in a speech delivered at the 7th APEC finance ministers' meeting
in Bandar Seri Begawan, Brunei.

Prijadi said that at an APEC meeting earlier this year,
Indonesian officials sought a special meeting to discuss
insolvency law reforms.

He said the subject on insolvency law design was chosen in
part because two governmental teams were currently drafting an
insolvency legislation for submission to the House of
Representatives at the end of 2000 or early 2001. (rei)