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All Journal Jurnal Inovasi Hasil Pengabdian Masyarakat (JIPEMAS) Jurnal SITECH : Sistem Informasi dan Teknologi Academy of Education Journal Jurnal Kesehatan Agrica: Journal of Sustainable Dryland Agriculture IJPD (International Journal Of Public Devotion) Jurnal Locus Penelitian dan Pengabdian Florona : Jurnal Ilmiah Kesehatan PANCASILA AND CIVICS EDUCATION JOURNAL Socius: Social Sciences Research Journal Cendikia Pendidikan
Zahra, Fatimah Az
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Urgensi Harmonisasi Kepailitan Lintas Batas Terhadap Kewenangan Kurator dalam Eksekusi Aset Debitor (Studi Implementasi Uncitral Model Law di Korea Selatan Zahra, Fatimah Az; Meliala, Aurora Jillena
Jurnal Locus Penelitian dan Pengabdian Vol. 4 No. 12 (2025): JURNAL LOCUS: Penelitian dan Pengabdian
Publisher : Riviera Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58344/locus.v4i12.5321

Abstract

The development of global trade has led to the emergence of cross-border insolvency, where the debtor’s assets are scattered in several countries and create legal challenges for curators in executing bankruptcy estates. Indonesia, which still adheres to the territoriality principle under Law Number 37 of 2004, faces significant barriers in recognizing and enforcing foreign bankruptcy decisions, resulting in ineffective cross-jurisdictional asset resolution and losses for creditors. This research employs a normative juridical method and a comparative approach by examining the implementation of the UNCITRAL Model Law on Cross-Border Insolvency in South Korea. The findings show that legal harmonization through the adoption of the Model Law can strengthen the curator’s authority in executing assets across jurisdictions, as well as enhance legal certainty and creditor protection. It is recommended that Indonesia undertake bankruptcy law reform by adopting the principles of the UNCITRAL Model Law as an effort to modernize its national insolvency regime in response to global trade dynamics.
Co-Authors Abadi, Slamet Anggraini, Wahyu Novita Anton Susanto Asyrofi, Luthfi Aulia, Shifa Veronica Aurora Jillena Meliala Basuki, Muh. Boangmanalu, Vivin Silvia Darmayanti , Syifa Dewi, Ni Kadek Emi Sintha Fazli Rachman Fibrianti, Rieska Hasanah, Fadhilah Maskhurotul Helina, Selvi Hilma, Nurhayati Husna, Annisa ul I GEDE SWIBAWA, I GEDE Imran Pashar Lestari , Dwi Lestari, Hayatus Sa'adah Ayu Margaretha, Stefy Marlinawati, Fransiska Dina Nasution, Muhammad Irwan Padli Nur Hidayah Panggabean, Naulita Praptiningsih, Praptiningsih Pratomo Setiaji PUJI LESTARI Radix Suharjo Rahimi, Fitrian Ratdiana, Ratdiana Rifdah, Karina Nor Izati Rully Hidayatullah Simbolon, Boy Dippu Tua Situmorang, Lennai Syahputra, Ali Fahmi Tri Maryono Trijono, Agus Wardani, Anita - Wardiyani, Wardiyani Wenda, Toni Within, Eva Anastasia Wiwit Agus Triyanto Yappi, Shierly N. Yeni Sari Wulandari Yuyun Fitriana