On June 21, 2016, PT Asuransi Jiwa Bumi Asih Jaya (BAJ) decided to file for a Reconsideration (PK) on the cassation verdict that paved the way for the Financial Services Authority (OJK) to liquidate BAJ’s assets. To date, the proceeding for the PK continues, and because of that BAJ’s management insists that their insolvency status is not yet legally binding.To subscribe please click here
