Supreme Courts of Singapore and Indonesia Sign Memorandum of Understanding on Cross-Border Insolvency Cooperation

SINGAPORE, April 2, 2026 /PRNewswire/ -- On 30 March 2026, the Supreme Court of Singapore and the Supreme Court of Indonesia signed a Memorandum of Understanding (MOU) to Enhance Cross-Border Communication and Cooperation in Cross-Border Insolvency Proceedings. The signing ceremony was held on the sidelines of the inaugural Judicial Well-Being Workshop for ASEAN Judges in Bali, Indonesia, with The Honourable the Chief Justice Sundaresh Menon of Singapore and Chief Justice Prof. Dr. H. Sunarto, S.H., M.H. of Indonesia as the MOU signatories.

The MOU is another significant milestone in the robust ties between the two jurisdictions, following their first bilateral agreement for judicial cooperation in 2023. Building upon the Model Framework for Communication and Cooperation Between ASEAN Courts in Cross-Border Insolvency Proceedings (Model Framework) approved at the 12^th Council of ASEAN Chief Justices Meeting in November 2025, this MOU aims to further improve communication and cooperation in insolvency and restructuring through the designated liaison points, ensuring smoother coordination in the resolution of cross-border insolvency proceedings. By formalising how both courts communicate and providing clarity to stakeholders, the MOU enables more efficient restructuring processes for companies operating across both countries.

Indonesia is the latest ASEAN jurisdiction to join the Singapore judiciary in affirming its commitment to cooperation and communication in cross-border insolvency proceedings by entering into bilateral arrangements. This follows the 2021 protocol on court-to-court communication and cooperation in cross-border corporate insolvency matters with the Federal Court of Malaysia and the 2025 MOU to enhance cross-border communication and cooperation in cross-border insolvency proceedings with the Supreme Court of the Philippines, demonstrating the commitment of ASEAN judiciaries to adopting the Model Framework.

Visit News and speeches (judiciary.gov.sg) for more details.

Photo - https://mma.prnewswire.com/media/2947989/image.jpg