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INVESTOR PROTECTION THROUGH EXCHANGE TRANSACTION SETTLEMENT GUARANTEE AND INVESTOR PROTECTION FUND Abubakar, Lastuti; Handayani, Tri
TRUNOJOYO LAW REVIEW Vol 1, No 1 (2019): Februari
Publisher : Faculty of Law Universitas Trunojoyo Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (101.338 KB) | DOI: 10.21107/tlr.v1i1.5256

Abstract

Certainty and investors legal protection is the key to the success of capital market as financing and investment alternatives. To fulfill the international standards, Indonesia capital market regulation regulates the status of Clearing and Underwriter Institutions  organized by  Indonesian Clearing and Guarantee Corporation (KPEI) and serves  to guarantee transactions settlement in Exchange as well as managing the Guarantee Fund. Other investor protection organized by the Indonesia Securities Investor Protection Fund (SIPF) formed to protect the assets of investors who lost and manage the Investor Protection Fund. This study aims to examine the position of KPEI as guaranteeing institution for the settlement of Exchange transactions to prevent settlement failures that can have systemic impacts, including how to optimize the management of Guarantee Funds. In addition, it was also examined how Indonesia SIPF could manage the Investor Protection Fund optimally in order to provide maximum protection. The method used is normative juridical with descriptive analytical research specifications. Data analysis used is qualitative juridical. Based on the results, KPEI is financial market infrastructure to prevent failure of potentially systemic transactions. Therefore, KPEI can be included as systemic financial institution. Either management of the Guarantee Fund by KPEI  or Investor Protection Fund management by SIPF can use the trust concept to be able to increase the Guarantee Fund and Investor Protection Fund so that the guarantee of Exchange transaction settlement and investor protection is more certain and optimal.
Copyright Content on the YouTube Platform as Collateral for Creative Economy Financing Azka Adriliya, Putri; Abubakar, Lastuti; Handayani, Tri
UNES Law Review Vol. 6 No. 3 (2024): UNES LAW REVIEW (Maret 2024)
Publisher : LPPM Universitas Ekasakti Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/unesrev.v6i3.1702

Abstract

The utilization of technology presents an opportunity for creative economy practitioners to expand their work, one of which is by leveraging digital platforms. The government provides support for creative economy practitioners through the implementation of Government Regulation Number 24 of 2022, which recognizes intellectual property rights as collateral for financing, similar to how copyright content on platforms like YouTube can be used as fiduciary collateral for intangible movable assets. Through this financing scheme, there is potential for content creators to utilize their content as collateral, aiming to secure financing for productivity. This research employs a juridical analysis method to explore the potential of copyright content on the YouTube platform as collateral for financing within the creative economy. The conclusion drawn is that it is indeed feasible to utilize copyright content on the YouTube platform as collateral for financing, in the form of tangible collateral. Valuation, on the other hand, can be based on the number of viewers or income approaches, even though as of now, there isn't a definitive standardization regarding this matter.
Strengthening Regulations towards Implementation of Intellectual Property-Based Financing Scheme with YouTube Content as Collateral Pasha, Ishtar Amarindra; Abubakar, Lastuti; Muchtar, Helitha Novianty
Jurnal Ius Constituendum Vol. 9 No. 3 (2024): OCTOBER
Publisher : Magister Hukum Universitas Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26623/jic.v9i3.9142

Abstract

This research aims at examining how the regulator can make regulation to optimize financing implementation with YouTube content as a collateral. This research is considered necessary, because besides Government Regulation Number 24 Year 2022 which becomes the basis to give financing under an intellectual property as a collateral, banking institutions might still be in doubt to implement such a financing scheme due to many weak supporting regulations. This research is conducted with a normative-juridical approach method. The research shows that there are still many regulations which have not accommodated the financing implementation of intellectual property-based financing scheme basis, especially those regulations related to valuation, recognition of intellectual property as a banking asset and execution of intellectual property when a debtor default. The weak regulation of these three aspects makes financial institutions doubtful to implement the intellectual property-based financing especially because bank activities are to collect and distribute funds to the society. The conclusions of this research show that basically there has been a method or way to anticipate the three problems, but it needs to be legalized in a form of regulation so that the bank has legal certainty and protection in its financing with intellectual property as the collateral. The regulators are supposed to be able to create regulation to optimize financing implementation with intellectual property as the collateral.
Eksistensi Kontrak Kegiatan Ekonomi Kreatif Sebagai Jaminan Dalam Pengajuan Kredit Bank Ilhami, Maulidya; Abubakar, Lastuti; Handayani, Tri
JURNAL USM LAW REVIEW Vol. 7 No. 3 (2024): DECEMBER
Publisher : Universitas Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26623/julr.v7i3.9428

Abstract

This research and article aim to find answers to the difficulties in implementing contracts for creative economy entrepreneurs as collateral, which are indeed regulated, but their implementation has never been carried out in Indonesia itself. The urgency of this research is to support the development of the creative economy industry sector, particularly in terms of funding, and to provide benefits and clarity for the parties involved. Therefore, legal research was conducted using the normative juridical method. This research and article provide new insights regarding contracts in creative economy activities as collateral, which have not been extensively discussed in previous literature. Based on the research conducted, it is known that, in principle, the regulation of contracts for creative economy entrepreneurs as collateral is very likely to be implemented as long as there is a specific mechanism regarding this matter. A mechanism is needed because a contract cannot simply be classified as an object, so the economic value contained in the contract can be guaranteed through fiduciary collateral. Furthermore, there is a need for regulations in the POJK regarding the details of the implementation of contracts by creative economy entrepreneurs as collateral, the approval of the parties involved in the contract related to the collateralization of the contract, and the application of the principle of prudence by banks before accepting creative economy activity contracts as collateral. With the existence of regulations and mechanisms, as well as the approval of the parties involved in using contracts from creative economy entrepreneurs as collateral, it can provide legal certainty in its implementation and protect the parties involved. Penelitian dan artikel ini bertujuan menemukan jawaban atas kesulitan dalam pengimplementasian kontrak pelaku usaha ekonomi kreatif sebagai jaminan yang mana pengaturannya memang sudah ada, tetapi pengimplementasiannya belum pernah dilakukan di Indonesia sendiri. Adapun urgensi dari penelitian ini adalah untuk mendukung pengembangan sektor industri ekonomi kreatif terutama dari segi pendanaan serta memberikan manfaat, dan kejelasan bagi para pihak yang terkait di dalamnya. Oleh karena itu, dilakukan penelitian hukum dengan metode yuridis normatif. Penelitian dan artikel ini memberikan wawasan baru terkait kontrak dalam kegiatan ekonomi kreatif sebagai jaminan yang belum banyak dibahas dalam literatur-literatur sebelumnya. Berdasarkan penelitian yang dilakukan, maka diketahui bahwa pada dasarnya peraturan kontrak pelaku usaha ekonomi kreatif sebagai jaminan sangat mungkin untuk diimplikasikan selama terdapat mekanisme khusus mengenai hal tersebut. Mekanisme dibutuhkan karena kontrak tidak dapat serta merta digolongkan sebagai benda, sehingga nilai ekonomis yang terdapat dalam kontrak tersebut yang dapat dijaminkan melalui jaminan fidusia. Lebih lanjut, perlu adanya pengaturan pada POJK terkait rincian pelaksanaan kontrak pelaku usaha ekonomi kreatif sebagai jaminan, persetujuan dari para pihak dalam kontrak berkaitan dengan penjaminan kontrak tersebut, serta penerapan prinsip kehati-hatian oleh bank sebelum menerima kontrak kegiatan ekonomi kreatif sebagai jaminan. Dengan adanya pengaturan dan mekanisme, serta persetujuan para pihak dalam menjadikan kontrak pelaku usaha ekonomi kreatif sebagai jaminan, dapat memberikan kepatian hukum dalam pelaksanaannya serta melindungi para pihak yang terlibat.
Perlindungan Hukum Investor pada Transaksi Repurchase Agreement: Studi Kasus Gagal Serah di PT. Hanson Internasional Tbk Rahmah, Dian Maris; Abubakar, Lastuti
Amanna Gappa VOLUME 33 NOMOR 1, 2025
Publisher : Fakultas Hukum Universitas Hasanuddin

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

Abstract

Otoritas Jasa Kuangan (OJK) telah menerbitkan pedoman standar pelaksanaan Transaksi Repurchase Agreement (Repo) dengan tujuan untuk melindungi para pihak dalam Transaksi Repo, tetapi dalam praktik masih ditemukan kasus terkait dengan Transaksi Repo di Bursa Efek Indonesia (BEI) yang mengakibatkan kerugian bagi salah satu pihak dalam Transaksi Repo. Salah satunya adalah kasus gagal serah pada tanggal pembelian kembali dalam Transaksi Repo PT. Hanson Internasional Tbk. yang mengakibatkan kerugian bagi investor penjual. Permasalahan yang diteliti adalah mengenai perlindungan hukum terhadap investor dalam Transaksi Repo saham apabila terjadi gagal serah pada saat jatuh tempo pembelian kembali. Penelitian hukum ini merupakan penilitian hukum normatif dengan menggunakan metode pendekatan undang-undang. Adapun data yang digunakan dalam penelitian ini merupakan data sekunder yang diperoleh melalui studi dokumen. Hasil penelitian menunjukkan bahwa perlindungan hukum yang dapat diberikan kepada pihak penjual adalah, investor penjual hanya menerima pembayaran sejumlah denda yang telah disepakati dari pihak pembeli. Investor penjual dapat pula menuntut ganti rugi berupa bunga kepada perusahaan efek yang bertindak sebagai agennya, apabila gagal serah tersebut disebabkan pula oleh kelalaian perusahaan efek tersebut. Adapun saran yang dapat diberikan adalah perlu adanya ketentuan pengamanan terhadap efek yang menjadi objek transaksi Repo selama jangka waktu Transaksi Repo dengan menerapkan sistem pembekuan atau pemblokiran terhadap efek yang dijadikan sebagai objek Transaksi Repo.
Optimizing Land Certificate Pawning Based On Sharia Principles As An Alternative Financing For The Community Larasati Anyufa; Beltsazar, Gneissa; Aleksander; Abubakar, Lastuti
KRTHA BHAYANGKARA Vol. 18 No. 3 (2024): KRTHA BHAYANGKARA: DECEMBER 2024
Publisher : Fakultas Hukum Universitas Bhayangkara Jakarta Raya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31599/krtha.v18i3.3027

Abstract

The practice of pawning in Indonesia, especially in the context of customary law, namely selling pawns, is often still used by the community today, but this practice is considered irrelevant along with the development of pawn practices in Indonesia. New regulations from PT Pegadaian (Persero) through pawning with pawn objects in the form of land in Sharia Pawnshops with the aim of providing financing for the community and to micro, small and medium enterprises and farmers who use productive land. The development of pawn practices in Indonesia is also marked by the existence of an online pawn mechanism that is rampant among the public today. On the other hand, online pawning is also considered to provide convenience for the pawn giver because it can be done anytime and anywhere and the pawn giver can also estimate for himself how much the value of the pawn object is, but of course on the other hand this online pawn also has several weaknesses. This research uses normative juridical research methods to describe problems and solutions in the context of the development of pawn practices in Indonesia and uses qualitative research methods and is balanced by conducting interviews with the Padasuka branch of Sharia Pawnshops, Bandung City.
Praktik Gadai Tanah Adat dalam Presfektif Hukum Agraria Nasional Muthia, Nurul; Abubakar, Lastuti; Rubiaty, Betty
Innovative: Journal Of Social Science Research Vol. 5 No. 1 (2025): Innovative: Journal Of Social Science Research
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/innovative.v5i1.17220

Abstract

Tanah yang memiliki nilai ekonomis tinggi, menjadi bagian tak terpisahkan dari kehidupan manusia. Salah satu praktik yang masih berkembang di masyarakat adat Minangkabau adalah transaksi gadai tanah ulayat. Gadai tanah ini sering kali menimbulkan sengketa, terutama ketika penjual gadai tidak mampu untuk menebus tanah yang digadaikan. Metode yang digunakan dalam penulisan artikel ini adalah metode pendekatan yuridis normatif. Hasil penelitian menunjukkan bahwa praktik gadai tanah di Minangkabau umumnya masih bertumpu pada hukum adat setempat gadai tetap harus ditebus walaupun sudah lewat dari batas waktu yang ditentukan oleh hukum nasional sesuai UUPA dan UU Nomor 56 Prp Tahun 1960. Perlindungan hukum yang dapat dilakukan bagi penjual gadai adalah dengan cara preventif berupa pembuatan perjanjian gadai baik dibawah tangan ataupun secara otentik. Perlindungan hukum secara represif dapat dilakukan dengan musyawarah adat yang melibatkan Kerapatan Adat Nagari(KAN) dan Niniak Mamak untuk mencapai mufakat apabila tidak tercapai maka dapat mengajukan gugatan ke pengadilan negeri secara perdata atau secara pidana.
MITIGATING CREDIT RISK IN BANKING: DETERMINING LIMIT VALUES FOR AUCTIONING MORTGAGE RIGHTS COLLATERAL IN ACCORDANCE WITH AUCTION REGULATIONS Abubakar, Lastuti; Handayani, Tri
Kanun Jurnal Ilmu Hukum Vol 27, No 1: April 2025: Customary Law and development in Indonesia
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/kanun.v27i1.37854

Abstract

The Auction Implementation of Guidelines Regulation confirmed that the execution auction of collateral objects related to Mortgage Rights is a method designed to protect the rights of all parties involved. One of the key principles is the requirement to establish a limit value for mandatory auctions, including those related to Mortgage Rights. However, the current practices of execution auctions do not align with regulatory expectations that seek to ensure optimal pricing and a fair and legally certain process. Debtor objections to the determination of Limit Value and low selling prices have led to legal disputes against creditors. Therefore, an examination is essential to understand how risk mitigation can be achieved through the establishment of limit value. This study adopts a normative juridical approach with a descriptive-analytical research specification. The findings reveal that Articles 55-60 of Auction Implementation Guidelines Regulation outline the obligation to establish a limit value and provide criteria for determining that value. The establishment of limit value can function as a risk mitigation tool for Bank creditors, allowing them to adhere to prudential principles while providing legal certainty and protection for debtors, ultimately facilitating the attainment of the best possible price for their collateral objects.
KEBIJAKAN INTEGRATIF DALAM TRANSFORMASI INDUSTRI KECIL MENENGAH UNTUK MENDUKUNG HILIRISASI INDUSTRI STRATEGIS Abubakar, Lastuti; Handayani, Tri
Masalah-Masalah Hukum Vol 53, No 3 (2024): MASALAH-MASALAH HUKUM
Publisher : Faculty of Law, Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/mmh.53.3.2024.227-236

Abstract

Kebijakan industri nasional melalui program hilirisasi industri memperlihatkan capaiannya, antara lain melalui kemitraan Industri Kecil Menengah (IKM) dan industri besar serta pengembangan usaha baru. Permasalahan rendahnya kerja sama antara IKM dan usaha besar tidak dapat dilepaskan dari karakteristik dan hambatan yang dihadapi oleh IKM, yang berakar dari kebijakan pemerintah. Oleh karena itu perlu dikaji bagaimana kebijakan atau regulasi dapat menempatkan IKM sebagai bagian dari industri nasional; dan bagaimana model kebijakan yang dapat mendorong percepatan hilirisasi industri strategis. Hasil penelitian menunjukkan bahwa salah satu upaya yang harus dilakukan agar tujuan hilirisasi industri strategis dan peningkatan global value chain adalah dengan melakukan transformasi UMKM agar mampu berkompetisi. Model pengaturan terintegrasi berperan penting dalam proses transformasi UMKM.
Regulatory Optimization of Bitcoin as Collateral: Property Classification and Secured Lending Framework in Indonesia Darmawan, Kevin; Abubakar, Lastuti; Handayani, Tri; Sugiharti, Dewi Kania
Journal of Law, Politic and Humanities Vol. 5 No. 4 (2025): (JLPH) Journal of Law, Politic and Humanities
Publisher : Dinasti Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jlph.v5i4.1738

Abstract

The development of financial technology has driven the emergence of digital assets such as Bitcoin, which challenge the conventional legal framework of property law. Although not recognized as legal tender, Bitcoin has been acknowledged as a legal asset by Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti). This study aims to examine the legal status of Bitcoin as collateral in Indonesia’s property law framework, as well as assess the adequacy of current regulations in accommodating this function. This research employs a normative juridical method with a qualitative approach and deductive reasoning. The findings indicate that Bitcoin fulfills the legal criteria of an intangible object and, in theory, can be used as an object of fiduciary security. However, the absence of explicit legal recognition and a digitally integrated collateral registration system has led to legal uncertainty. Although regulations in Indonesia have provided a degree of legality and oversight, systemic institutional integration remains lacking. Therefore, legal reform is needed in the area of digital asset-based collateral, along with the establishment of a comprehensive administrative registration system to ensure the validity of security interests in digital assets