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Execution of Mortgage Rights: Creditor’s Legal Remedies for Third Party Claims Against Auctioned Collateral Utami, Putu Devi Yustisia; Purwanti, Ni Putu; Yusnia, Gusti Ayu Era; Paramitha, Sally; Palguna, Made Gde Surya Dharma
Journal Equity of Law and Governance 151-159
Publisher : Warmadewa Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/elg.7.2.2025.151-159

Abstract

This study examines the legal implications of lawsuits filed against collateral objects on the implementation of mortgage right execution under Indonesia Mortgage Law. Normatively, Article 6 of the Mortgage Law stipulates that upon the debtor’s default, the first-ranking mortgage holder has the right to independently sell the mortgaged object through a publich auction (parate execution). However, in practice, such executions are frequently obstructed by pre-auction lawsuits concerning the collateral, thus impeding enforcement. Using an empirical juridical method, this research analyzes the legal consequences of lawsuits on the execution of mortgage rights and the creditor’s legal remedies upon a lawsuit filed against the object of the mortgage right. The result of this study indicate that a lawsuit concerning the collateral object for auction legally prevents the execution of mortgage rights through parate execution, and the legal remedy available to banks as a creditor is to pursue execution through an executorial title in District Court. This process requires a fiat executions issued by the Chief Judge of the District Court, in accordance with Article 34 paragraph (3) of the Minister of Finance Regulation concerning Auction Guidelines 2023. This study recommend that the government should enact a specific regulation governing the procedures for executing mortgage rights via District Courts as mandated by article 26 of Mortgage Rights. Furthermore, the judiciary is encouraged to establish dedicated units within District Courts specifically tasked with handling collateral executions, to develop and implement of nationwide online filling system for execution applications.
KOMPARASI FIDUCIARY DUTIES DAN MISAPPROPRIATION THEORY DALAM KEKABURAN NORMA HUKUM PENGATURAN INSIDER TRADING DI INDONESIA Uttari Dewi, Ida Ayu Tri; Yustisia Utami, Putu Devi
Kertha Desa: Journal Ilmu Hukum Vol. 14 No. 2 (2026)
Publisher : Fakultas Hukum Unversitas Udayana

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

Abstract

Tujuan studi ini mengkaji letak perbedaan pengaturan insider trading yang menggunakan konsep fiduciary duties dengan misappropriation theory dalam fenomena kekaburan norma hukum pada pengaturan insider trading menurut Undang-Undang Nomor 4 Tahun 2023 Tentang Pengembangan dan Penguatan Sektor Keuangaan. Metode penelitian hukum normatif dengan pendekatan perundang-undangan dan studi komparatif merupakan metode penelitian yang dipergunakan dalam penelitian ini. Hasil studi ini telah memperlihatkan bahwasanya konsep fiduciary duties lebih condong mengatur pertanggungjawaban bagi pihak dengan kewajiban fiducia sedangkan misappropriation theory dapat menjangkau pertanggungjawaban bagi seluruh pihak yang melakukan insider trading, penerapan konsep misappropriation theory yang tergolong baru menimbulkan kekaburan norma hukum pada pengaturan insider trading menurut Undang-Undang Nomor 4 Tahun 2023 Tentang Pengembangan dan Penguatan Sektor Keuangaan sehingga diperlukan perumusan norma yang komprehensif, tegas dan jelas. The purpose of this study to examine the difference of insider trading regulation using fiduciary duties concept compared to the misappropriation theory in the phenomenon the ambiguity of norm in the regulation of insider trading under Law No 4 of 2023 concerning the Development and Strengthening of the Financial Sector. This study uses a normative legal method with a statute approach and comparative approach. The study shows that the concept of fiduciary duties more inclined regulating legal accountability of parties with fiduciary duties. In contrast, the misappropriation theory extend legal accountability to all parties engaging in insider trading. However, the application of the misappropriation theory relatively new has resulted in the ambiguity of legal norms in the regulation of insider trading under Law No. 4 of 2023 concerning the Development and Strengthening of the Financial Sector therefore, a comprehensive, firm, and clear formulation of the norms is required.
Co-Authors Agita Justisia Br. Tarigan Alia Yofira Karunian Anak Agung Ayu Gangga Muni Anak Agung Gde Ramanda Bradjawangsa Djelantik Anak Agung Istri Ari Atu Dewi Angelin Rachelia Aryawan, I Komang Budi Mas Bambang Admadi Harsojuwono Budi Mas Aryawan, I Komang Christin Atika Cresta Violy Veronika Dandy Widhianto Putra Denise, Denise Desak Putu Nugraheni DEWI, NI MADE LIANA Dinda Rana Ningtyas Divayani, Ni Putu Ardelia Dwitayani, Ni Made Ayu Rusmega Febripuspa Surya Candra Gede Agus Angga Saputra Gusti Ayu Mirah Febriary Adhyaksa I Dewa Gede Pradnya Yustiawan I Gusti Ayu Vhira Indra Sasmita I Gusti Putu Ardya Maharani I Komang Budi Mas Aryawan I Made Pasek Diantha I Made Sarjana I Made Wahyu Chandra Satriana I Putu Destra Markandeya I Putu Putra Widiarista Ida Ayu Dyah Sukmaningrum Widnyana Ida Ayu Ketut Diah Mahadewi Kadek Agus Sudiarawan Kadek Anggarita Patni Sekarini Kadek Puri Gita Pertiwi Kinanti Balqis Kurnia Dewi, Lusiana luh sarini Mandasari, Putu Dita Rahayu Mira Widiantary Ni Kadek Ari Sukma Wedayanti Ni Luh Putu Yoni Priyacitta Ni Made Cahyani Indiraswari Ni Putu Arista Ratna Dewi Ni Putu Purwanti Ni Wayan Karina Ni Wayan Nitya Varshini Sahare Palguna, Made Gde Surya Dharma Paramitha, Sally Pradnyandewi, Anak Agung Ketut Asti Pramana, Made Winata Pratama, Alvyn Chaisar Perwira Nanggala Putu Anggina Agistya Budiardianti Putu Shinta Dewi Pramayanti Ratna Emilia Ratu, Ida ayu Mas Sayi Hatiningsih Sayi Hatiningsih Sopiani, Ni Luh Ayu Trisna Yunita, Komang Anggie Uttari Dewi, Ida Ayu Tri Warsiani, Ni Ketut Yuliawati, Ni Kadek Gita Yusnia, Gusti Ayu Era