Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Multidiciplinary Output Research for Actual and International Issue (Morfai Journal)
Restu Arif Hanavi
Universitas Sebelas Maret
Religion Agriculture, Biological Sciences & Forestry Arts Humanities Chemical Engineering, Chemistry & Bioengineering Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Engineering Environmental Science Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Social Sciences Other

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
FUNCTIONAL DEGRADATION OF FIDUCIARY CREDITOR'S PREFERENT RIGHTS AFTER THE CONSTITUTIONAL COURT'S DECISION Restu Arif Hanavi; Tuhana; Agus Riwanto
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 6 No. 5 (2026): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This article analyzes the functional degradation of fiduciary creditors' preferential rights after Constitutional Court Decision Number 18/PUU-XVII/2019. The study argues that the decision did not abolish fiduciary creditors' preferential rights, but transformed their practical realization from direct parate execution into conditional parate execution. Using normative legal research with statutory, case, and conceptual approaches, supported by documented socio-legal cases, this article examines the relationship between Article 15, Article 27, and Article 29 of the Fiduciary Security Law and the Constitutional Court's interpretation of default and voluntary surrender. The findings show that before the decision, fiduciary certificates and parate execution strengthened the economic value of preferential rights, but also enabled unilateral repossession practices. After the decision, debtor protection increased, yet disputed default or refusal to surrender the collateral creates procedural similarities with ordinary debt-collection disputes and produces economic consequences for creditors through higher transaction costs, longer recovery time, depreciation risks, and weaker recovery certainty.
Co-Authors Agus Riwanto Tuhana