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All Journal Lentera Hukum Indonesia Berdaya
Novendra, Bayu
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Minimum Authorized Capital After the Enactment of Job Creation Law Wiryadi, Kania Jennifer; Novendra, Bayu
Lentera Hukum Vol 8 No 1 (2021): LENTERA HUKUM
Publisher : University of Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19184/ejlh.v8i1.21946

Abstract

In a limited liability company, capital becomes one of the primary elements. However, the regulation regarding capital in Indonesia has changed several times, as its latest concern on the enactment of the omnibus bill on Job Creation Law in 2020. This paper discussed the following problems. First, what are the status quo and the development of regulations regarding minimum capital requirements in Indonesia? Second, what are the pros and cons of minimum capital requirement regulations and their developments in other countries? Third, what is the minimum capital requirements regulation that suits the conditions in Indonesia? This paper used legal research, emphasizing literature study. In so doing, the data were analyzed with the deductive method to construct conclusions. This paper showed that each limited liability company from the 1995 Limited Company Law, the 2007 Limited Company Law to the Job Creation Law had various minimum capital requirements provisions that lasted to its abolishment under the Job Creation Law. In this context, the initial policy on the minimum capital requirement was to protect creditors. In practice, however, this policy was not effective because of many other effective alternatives to protect creditors, by encouraging transparency in corporate transactions and offering easy access to corporate information. The dominance of micro and small business units in Indonesia (99% of business units) explained the urgency of eliminating minimum capital requirements regulations. The elimination of minimum authorized capital requirements was a tremendous effort to strengthen micro and small enterprises. KEYWORDS: Limited Liability Company, Job Creation Law, Company Law.
Law in the New Era of Emerging Technologies: Can Creation Made by an Artificial Intelligence be Protected by Copyright? Sinaga, Joy Febe Ismikesasta; Novendra, Bayu
Indonesia Berdaya Vol 4, No 4 (2023)
Publisher : UKInstitute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47679/ib.2023573

Abstract

Despite the fact that Artificial Intelligence (AI) has a long history in the twentieth and twenty-first centuries, there are many unsolved challenges. AI is a rapidly growing, promising area of research that is reaching its prime. Contemporarily, AI is used in a wide range of tasks, from virus detection, e-commerce chat boxes, to law-making. Subsequently, AI is not only designed to perform a particular and limited task (Narrow AI), but also to generate new creations based on cognitive skills and advancements in that spectrum (General AI). The topic discussed further in this paper is the second type of AI. This paper will attempt to answer the following questions. First, can creation made by an AI be protected by copyright? Second, who is the creator of the creations made by an AI? Third, how do we determine the holders of moral rights and economic rights for creations made by an AI? This paper used legal research, emphasizing literature study. In so doing, the data were analyzed with the deductive method to construct conclusions. This paper shows that creations made by an AI can be protected with copyright, with the creator being the person or people who contribute the most to the basic code of the AI, as well as the training data used, so that the creation can be produced. Furthermore, the person as creators also become moral rights holders and economic rights holders.
Co-Authors Sinaga, Joy Febe Ismikesasta Wiryadi, Kania Jennifer