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All Journal Pancasila and Law Review Journal Evidence Of Law PENA LAW: International Journal of Law Advances In Social Humanities Research Jurnal Penelitian dan Pengkajian Ilmiah
Hasibuan, Fauzie Yusuf
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Humanities Computer Science & IT Economics, Econometrics & Finance Engineering Environmental Science Law, Crime, Criminology & Criminal Justice Public Health Social Sciences

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Judicial Discretion and the Limits of Homologation in Cross-Border Insolvency: Rethinking Legal Certainty and Creditor Protection from a Comparative Perspective Reinhard R. S, Andra; Hasibuan, Fauzie Yusuf; Rangsimanop, Pattharawadee
Journal Evidence Of Law Vol. 4 No. 2 (2025): Journal Evidence Of Law (Agustus)
Publisher : CV. Era Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59066/jel.v4i2.1596

Abstract

This article examines the relationship between judicial discretion and homologation procedures in bankruptcy law, highlighting their impact on legal certainty and creditor protection across different legal systems. Through a comparative legal approach to Indonesia, the United States, and the Netherlands, this study demonstrates that judicial discretion that is not normatively constrained, particularly in developing jurisdictions, has the potential to erode procedural predictability and lead to disparities in the treatment of creditors. Conversely, systems that adopt a parameter-based judicial discretion structure and procedural transparency, such as in the US and the Netherlands, are capable of producing fairer and more predictable bankruptcy rulings. Using a framework of reflective legal theory and social systems theory, this study offers a normative design to harmonize homologation procedural standards without eliminating judicial flexibility. This study contributes not only to the development of bankruptcy law theory but also to national legal policy reform in the context of harmonization with international best practices, particularly within the UNCITRAL framework.
Co-Authors Alamsyah, Sakti Arief, Syamsul Christian, Ronald Darodjat, Tubagus Achmad Dera, Alfa Dwikora, Buyung Hakim, Nur Kadapi, Resmen Kristiawanto , Kristiawanto Kristiawanto, Kristiawanto Lilik Mulyadi Poloan, Khairil Rangsimanop, Pattharawadee Rattanapun, Supot Reinhard R. S, Andra Romie, Romie Shodiq, Md. Suganda, Atma Suryaman, David Harmaen Sutrisno, Sutrisno Wibowo, Basuki Rekso