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Journal : Law Development Journal

The Protection of Creditors as Fiduciary Recipients in Debt Transfers Without Good Faith in Credit Agreements (Study of Decision Number 132/PID.B/2023/PN.SPG) Riyanto, Rajwa Khaicirinu; Joesoef, Iwan Erar
Law Development Journal Vol 7, No 3 (2025): September 2025
Publisher : Universitas Islam Sultan Agung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30659/ldj.7.3.531-540

Abstract

One of the problems of a credit agreement is the transfer of debt (take over credit) underhand without the knowledge of the creditor as the fiduciary recipient. Therefore, this paper is conducted to analyze the protection for creditors as fiduciary recipients in the transfer of debt (take over credit) underhand without the knowledge of the creditor in one of the cases, namely Decision Number 132 / PID.B / 2023 / PN. Spg. This paper is a qualitative normative whose data collection uses literature studies and is analyzed using a statutory approach and a case approach. This study concludes that in the case of Decision Number 132 / PID.B / 2023 / PN.Spg, the debt transfer agreement (take over credit) between the debtor and a third party is invalid and null and void because it violates the objective principles in the terms of the agreement. The transfer of debt (take over credit) at PT Federal International Finance can be legal and in accordance with the law if it complies with the procedures determined by PT Federal International Finance as the creditor, one of which is by consulting and contacting and the agreement is known and approved by the creditor.
Implementation of The Non-Discrimination Principle Towards Layoffs (Termination of Employment) UNILAY (Case Study on PT. Yihong Novatex Indonesia Layoffs 1,126 Workers) Arjuna, Muhammad Gaung Syah; Joesoef, Iwan Erar
Law Development Journal Vol 7, No 3 (2025): September 2025
Publisher : Universitas Islam Sultan Agung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30659/ldj.7.3.551-561

Abstract

This study discusses the case of unilateral termination of employment by PT Yihong Novatex Indonesia against more than 1,100 workers, which has sparked a debate over legality and fairness in industrial relations. PT Yihong Novatex Indonesia, a Chinese foreign-invested company in the textile and footwear industry, carried out mass layoffs on the grounds of operational efficiency due to a decline in orders and production disruptions. However, this action was deemed inconsistent with Law No. 6 of 2023 concerning the Stipulation of Government Regulation in Law No. 2 of 2022 concerning Job Creation into Law (Job Creation Law) because it did not meet the elements of proof of efficiency, was not carried out through negotiations with the labor union, and was not accompanied by the provision of normative workers' rights such as severity pay. This study uses a normative legal method with a statute approach. Data was obtained through literature review and interviews with legal experts. The results of the study show that the unilateral termination of employment by PT Yihong Novatex Indonesia is not in line with the principles of non-discrimination and worker protection, and there are indications of union busting practices that violate Article 28E paragraph (3) of the 1945 Constitution and Law No. 21 of 2000 concerning Labor Unions. In conclusion, the unilateral termination of employment by PT Yihong Novatex Indonesia does not reflect justice and legal certainty for workers. The settlement of the case through the Bandung Industrial Relations Court (PHI) is an important step in enforcing fair labor laws and strengthening the protection of workers' rights to organize and their welfare in Indonesia.
The Principle of Justice in the Minimum Capital Policy for Foreign Direct Investment (A Study of Fraudulent Foreign Direct Investment Companies in Bali) Putri, Khairunnisa Wiladi; Erar Joesoef, Iwan
Law Development Journal Vol 7, No 4 (2025): December 2025
Publisher : Universitas Islam Sultan Agung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30659/ldj.7.4.660-674

Abstract

Foreign Direct Investment (FDI) holds a strategic role in the Indonesian economy, particularly in fostering industrial development and creating employment opportunities. However, the minimum capital policy stipulated in Regulation No. 4 of 2021 of the Indonesian Investment Coordinating Board (BKPM) poses significant challenges for its implementation. This study aims to analyze the effectiveness of the policy, focusing on the case of fraudulent foreign direct investment companies in Bali, and to compare Indonesia’s minimum capital policy for foreign direct investment with similar policies in Vietnam. Using a normative legal approach with statutory, comparative, and case study methods, this study found that the uniform minimum capital requirement actually constrains investment potential in certain sectors, such as tourism, which should require more flexible capital provisions. Another finding indicates that weak supervision and law enforcement create loopholes for administrative manipulation, such as fictitious capital deposits and the use of nominees, ultimately undermining the integrity of the investment system and creating injustice for law-abiding business actors. Based on this analysis, this study recommends adjusting the minimum capital policy to be more responsive to each sector's characteristics, strengthening transparency in supervision, and implementing stricter law enforcement to prevent abuses that harm the national economy. The results of this study are expected to contribute to improving Indonesia’s investment policy, creating a fairer investment climate, and supporting sustainable and inclusive economic development.
Co-Authors Abdul Kholiq Abrielmovich, Biyandra Timothee Aditama Candra Kusuma Agustanti, Rosalia Dika Amanda Aurelia Andre Rizaldy Angel Evelyn Ariel Lois Arifin, Azzahra Arjuna, Muhammad Gaung Syah Army Setyo Wibowo Arumdhani, Nathaniela Putri Aslihatin Zuliana Atik Winanti Azura, Dinda Maurizka Brian Mochamad F. Denaya Annisa Diani Sadia Wati Dinda Maurizka Azura Dinda Maurizka Azura Ekko Harjanto Eriz Syawaldi Sitompul Fachri Hafizd Selian Faisal Fachri Faisal Fachri FANDY GULTOM Fauzan Alsadilla Hermawan Furqon, Abdil Azizul Handar Subhandi Bakhtiar Haryanto, Imam Heru Sugiyono Ilham Mahendra, Renaldy Indri Syahfitri Irwan Triadi Iswanti Rachmanisa Jingga Ardeanti Putri Joseph, Michael Geovani Kusumadewi, Dimitria Pawestri Ligina Tesalonika Lutfi, Khoirur Rizal Marina Ery Setyawati Marina Ery Setyawati Medisita Nurfauziah Istiqmalia Mikie Aditya Wicaksana Mohammad Rizky Siregar Mohd Muzakki Adli Muhammad Aby Rafdi Al Juhdi Muhammad Hafizh Izzulhaq Muhammad Helmi Fahrozi Muhammad Imaduddin Zikky Muhammad Rausyan Fikry Muthia Sakti Muttaqin, Sumayya Nugroho, Satrio Septian Padmo, Aditya Pardomuan, Jaury Douglas Parulian Panjaitan, Mardongan Phuoc, Jeong Chun Putri, Khairunnisa Wiladi Ramadhani, Dwi Aryanti Redhina Elfahra Ricki Rahmad Aulia Nasution Rifky Anugrah Adha Rivan Dwiputra Malem Riyanto, Rajwa Khaicirinu Rofi Ayyasy Satino Satria Aldyan Firmanda Sekar Ayuning Pramewari Suherman Suherman SH Suherman Suherman Suherman, Suherman Surya Husada, Vikram Tasya Darosyifa Tri Adji Prasetya Wibowo Vedita Akbar Vikram Surya Husada Wahyu Widiyaningrum Wati, Diani Sadia Yuliana Yuli Wahyuningsih