Uni Tsulasi Putri
Universitas Ahmad Dahlan

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Risk Mitigation of Disease Pandemic in the Indonesian Banking Industry: In Response to COVID-19 Nikmah Mentari; Uni Tsulasi Putri
Lentera Hukum Vol 7 No 3 (2020): LENTERA HUKUM
Publisher : University of Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19184/ejlh.v7i3.20146

Abstract

As an intermediary institution, the banking industry plays a critical function in the economy. Unpredictable conditions such as disease pandemic, exemplified from the unprecedented COVID-19 outbreak, result in loss to the banking industry due to the weakening of the national economy. In the future, then, the banking industry requires early preventive action for a similar case through specific risk mitigation towards disease pandemic. This paper aims to discuss the urgency of the risk mitigation towards the pandemic in the banking industry, following the risk mitigation scheme in facing the pandemic with its relevant regulation. This paper shows that the pandemic's responsive risk mitigation has become essential to strengthen the banking’s intermediary function and performance during the pandemic. The existing risk mitigation regulation solely relates to the non-performing loan in normal conditions. In the meantime, disease pandemic like COVID-19 is excluded because it is beyond the normal situation. Its adverse impact has leveraged more significant extent due to emergency conditions. In case of a disease pandemic, the bank can soon take early preventive action before the pandemic strikes within the domestic territory without waiting for central government-specific regulation, but it should. However, it remains practiced under the relevant laws. KEYWORDS: Risk Mitigation, Disease Pandemic, COVID-19, Banking Industry, Indonesia.
Disgorgement as Remedial Action in Indonesian Capital Market Regime Uni Tsulasi Putri
Jurnal Hukum Novelty Vol 11, No 1 (2020)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26555/novelty.v11i1.a15673

Abstract

Introduction to The Problem: In 2019, Financial Services Authority introduced the disgorgement within the field of Indonesian Capital Market by the establishment of OJK Regulation Draft concerning Disgorgement and Disgorgement Fund in the Capital Market. Disgorgement itself is a very new concept in Indonesia. It is meant to be a remedial action, furthermore, it is expected to prevent Party for enjoyment of illegal profit, compensate the victim’s loss, containing corrective element, as well as to give deterrence effect.Purpose/Objective Study: This study aims to study on how the disgorgement as remedial action would apply and create deterrence effect in Indonesian Capital Market Regime.Design/Methodology/Approach: This is a normative legal research which uses qualitative research method. This study will conduct literature review and comparative study with disgorgement regulation within the field of securities law in common law and civil law jurisdiction.Findings: In upcoming disgorgement technical manner, OJK will give a written order for the Party who violate capital market regulation and pursuing illegally obtained profit or illegally avoided loss to return sum amount of money sum up with the interest (if any). To uphold this scheme, Indonesia needs to develop the theoretical framework such as actio de in rem verso or unjust enrichment. Furthermore, in order to create deterrence effect, Indonesia shall provide effective, proportionate and dissuasive sanction.
The Legal Perspective of Blockchain’s Potential Use for Sharia Banking Institutions in Indonesia Uni Tsulasi Putri; Nikmah Mentari
Hang Tuah Law Journal VOLUME 6 ISSUE 1, APRIL 2022
Publisher : Fakultas Hukum Universitas Hang Tuah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30649/htlj.v6i1.68

Abstract

In nowadays era, sharia banking shall face many challenges. Sharia banking shall be able to create innovation and disruption to avoid being eroded by current development. Blockchain is one of the technology disruptions. It may potentially applicable within sharia finance industry including sharia banking, outside its use related to the sale and purchase of crypto asset. This research discusses on how to use blockchain technologi for the development of sharia banking as well as on what are the opportunity and challenges in applying blockchain for sharia banking in Indonesia. This is a normative legal research with using descriptive-qualitative data analysis method. Data in this research is secondary data which consist of primary legal sources and secondary legal sources. The former are laws and regulations related to blockchain and sharia banking. The latter are books, academic writings, journals and other primary-source-explanatory documents. The results in this research show that sharia finance industry especially banking can utilize blockchain such as by using its smart contract, for the collection of zakat, improvement of waqf utility, effective and efficient halal supply chain. The opportunity of blockchain are there have been OJK and BI regulation concerning blockchain in certain area, support of blockchain development manifested in Sharia Economic Masterplan, demographic bonus in Indonesia, the use of smart contract, the use of blockchain for supporting halal supply chain, zakat collection, waqf utility, as well as the security guarantee in minimalizing fraud risk. Among others, the challenges blockchain shall face are, the policy and regulations of blockchain are still limited to only in some sectors such as payment and equity crowdfunding, there is no fatwa from MUI (Indonesian Ulema Board) regarding the use of blockchain for sharia economic activities, and the complexity of blockchain.
Legal Analysis on Smart Contract for Land Registration in Digital Era in Indonesia Uni Tsulasi Putri; Wihandriati; Muhammad Rizal Sirojudin; Sakti Oktasari
Fundamental: Jurnal Ilmiah Hukum Vol. 12 No. 1 (2023): Fundamental: Jurnal Ilmiah Hukum
Publisher : Universitas Muhammadiyah Bima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34304/jf.v12i1.97

Abstract

Pada satu dekade terakhir, kehidupan masyarakat semakin pesat bergerak memasuki era digital yang sering disebut era industri 4.0. Meskipun diawali dari kegiatan bisnis, berbagai aktivitas dalam dunia maya juga mulai dikenal di bidang pelayanan publik seperti e-signature, e-litigation, e-court, e-registration, dukcapil online dan sebagainya. Masifnya berbagai aktivitas elektronik tersebut didorong oleh derasnya arus kemajuan dan inovasi teknologi salah satunya smart contract pada sistem blockchain. Aplikasi smart contract blockchain digadang dapat digunakan selain berkaitan dengan cryptocurrency atau aset kripto, yakni antara lain untuk e-voting ataupemilu, rekam medis dan pendaftaran tanah. Pada tahun 2021, Menteri Agraria dan Tata Ruang/Kepala Badan Pertanahan Nasional RI mengeluarkan Peraturan Nomor 1 Tahun 2021 tentang Sertipikat Elektronik yang mulai berlaku sejak tanggal 12 Januari 2021. Peraturan tersebut memungkinkan dikeluarkannya Sertipikat Elektronik untuk pendaftaran tanah pertama kali atau untuk penggantian sertipikat lama menjadi Sertipikat Elektronik. Peraturan tersebut dapat disimpulkan merupakan implementasi Road Map Transformasi Digital yang dikeluarkan oleh Kementerian Agraria dan Tata Ruang/ Badan Pertanahan Nasional. Pada Road Map tersebut, salah satu poin yang disebutkan untuk tahun 2022 adalah Implementasi smart contract, smart escrow. Tujuan penelitian ini untuk menganalisis tentang dinamika pengaturan pendaftaran tanah para era digital di Indonesia dan bagaimana potensi penggunaan smart contract untuk pendaftaran tanah di Indonesia. Jenis penelitian ini adalah penelitian yuridis normatif. Metode pengumpulan data yang digunakan adalah studi kepustakaan. Alat yang digunakan dalam penelitian ini adalah data sekunder berupa dokumen yang terdiri dari bahan hukum primer, bahan hukum sekunder, dan bahan non hukum. Data tersebut dianalisis secara kualitatif kemudian disajikan secara deskriptif.