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All Journal Proceeding International Conference Restructuring and Transforming Law
Bayu Ajie Sugeng Rahayu
Universitas Muhammadiyah Surakarta

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Company Bankruptcy Relations, Labor Rights, and the National Economy Alifian Fajar Rizkita; Dicka Pandu Anggara; Muhammad Satrio Bagus Panuntun; Bayu Ajie Sugeng Rahayu; Yan Yulio Anggoro; Muhammad Bagoes Raihan; Tomás Mateo Ramon
Proceeding International Conference Restructuring and Transforming Law Vol. 1 No. 1 (2022): Proceeding International Conference Restructuring and Transforming Law
Publisher : Universitas Muhammadiyah Surakarta

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Bankruptcy is a condition or condition when the debtor, namely a person or business entity, is unable to settle the payment of the debt given by the creditor. This situation is actually a common thing in the business world.In Indonesia, bankruptcy is regulated in Law Number 37 of 2004 concerning bankruptcy and postponement of debt repayment obligations or abbreviated as UUK 2004. Prior to the enactment of the 2004 UUK, the issue of bankruptcy was regulated in Staatsblad 1905:217 jo. Staatsblad 1906:348 concerning Faillissement Verordening (Law on bankruptcy) which was later regulated through Government Regulation in Lieu of Law Number 1 of 1998 and later ratified into Law Number 4 of 1998.Generally, companies go bankrupt because they fail to compete in the market and experience a slow process of innovation. This can be caused by many factors. In addition, with the development of information technology today, new trends and products can appear at any time. All of these things will have an impact on the company's income, profits, financial capabilities and liabilities. Lack of observing competitors' movements can also cause a company to go bankrupt. Companies become less competitive and fall far behind.
Legal Aspects of The use of Blockchain Technology in Smart Contracts Bayu Ajie Sugeng Rahayu; Diana Setiawati
Proceeding International Conference Restructuring and Transforming Law Vol. 3 No. 2 (2025): Proceeding International Conference Restructuring and Transforming Law
Publisher : Universitas Muhammadiyah Surakarta

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Technology is developing so rapidly that it knows no boundaries. Blockchain smart contracts are one of the real proofs of technological development. This innovation was born out of the urgent need for faster, more convenient, and efficient digital transactions. Its existence is an extension of conventional agreements that have legal validity when the provisions as stated in Article 1243 of the Civil Code are fulfilled. This normatif juridical research is compiled using a statutory approach and the data is obtained from literature studies. Sources of data obtained from primary legal materials in the form of laws and secondary legal materials from literacy that have relevance to the issues raised are then processed with descriptive analysis methods. The objectives are to: 1) Know the legal aspects contained in the use of Blockchain smart contract technology; and 2) Knowing the legal settlement of disputes arising in the use of Blockchain smart contracts. The results of the study indicate that a Blockchain smart contract can be considered a valid agreement if it fulfills the 4 (four) elements of a conventional agreement along with other additional provisions. Its utilization in the cyber world creates friction with international law, so that the implementation, legal protection, and disputes that arise must also pay attention to the provisions of international law. This shows that the Blockchain smart contract is an innovation that provides convenience for the community which also requires more attention, especially its legal status in Indonesia.
Co-Authors Alifian Fajar Rizkita Diana Setiawati Dicka Pandu Anggara Muhammad Bagoes Raihan Muhammad Satrio Bagus Panuntun Tomás Mateo Ramon Yan Yulio Anggoro