Proceedings of the International Conference on Community Development (ICCD 2020)

Obstacles in the Execution of BUMN Persero’s Bankrupt Assets in Indonesia

Authors
Rahayu Hartini, Muhammad Hanif Furqan Aufa Putra
Corresponding Author
Rahayu Hartini
Available Online 20 October 2020.
DOI
https://doi.org/10.2991/assehr.k.201017.131How to use a DOI?
Keywords
Execution, SOE Assets, Curator, Bankruptcy
Abstract
This paper explains the obstacles in the implementation of BUMN Persero’s execution when bankruptcy occurred in Indonesia. Up to now, no BUMN in the form of Persero has succeeded in carrying out the asset implementation stage by the curator even though it has been declared bankrupt, as in the case of bankruptcy in PT. Kertas Leces (BUMN Persero) in Probolinggo, East Java, Indonesia. This study focuses on curators’ efforts in dealing with obstacles in the asset execution, especially at BUMN, using an empirical juridical approach in the case of PT Kertas Leces (Persero). The results found that some obstacles hinder the execution of the assets of PT. Kertas Leces as one of the BUMNs in Indonesia, even though it is bankrupt. Some of the constraints include differences in interpretation of company assets, lack of harmonization of laws and regulations, length of data collection on assets and assessment teams, low interest in asset buyers, and difficulty in obtaining approval from the Office of State Assets and Auction Services (KPKNL) in the BUMN (Persero) asset auctions.
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This is an open access article distributed under the CC BY-NC license.

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Proceedings
International Conference on Community Development (ICCD 2020)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
20 October 2020
ISBN
978-94-6239-253-3
ISSN
2352-5398
DOI
https://doi.org/10.2991/assehr.k.201017.131How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Rahayu Hartini
AU  - Muhammad Hanif Furqan Aufa Putra
PY  - 2020
DA  - 2020/10/20
TI  - Obstacles in the Execution of BUMN Persero’s Bankrupt Assets in Indonesia
BT  - International Conference on Community Development (ICCD 2020)
PB  - Atlantis Press
SP  - 591
EP  - 594
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.201017.131
DO  - https://doi.org/10.2991/assehr.k.201017.131
ID  - Hartini2020
ER  -