Our Managing Partner “Eddy Leks” has been interviewed Bisnis Indonesia in property & infrastructure section with a topic “Denda Konsumen Berdasar Kesepakatan”.
On this article he mentions about the new regulation include sanctions if the developer is unable or late in handover unit, but does not specify a penalty to the buyer when making late payments or installments.
“There are arrangements regarding late payment returns by developers to buyers but there is no penalty provision if the buyer is late paying. It might not seem fair to developers. ”
Eddy Leks has been recommended by Legal500, asialaw Profiles, Chambers&Partners, IFLR1000 on corporate and mergers acquisition, construction and real estate, and commercial dispute resolution.
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