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Perlindungan Hukum Terhadap Investor Melalui Prinsip Keterbukaan Dalam Mekanisme Securities Crowdfunding (SCF) Ayu, Adelia Setya; Yudho Taruno Muryanto
JURNAL USM LAW REVIEW Vol. 8 No. 3 (2025): DECEMBER
Publisher : Universitas Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26623/julr.v8i2.12438

Abstract

This article examines how the principle of transparency is applied in the Securities Crowdfunding (SCF) mechanism and explores the challenges that limit its role in protecting investors. The urgency of this research lies in the lack of strong legal rules to protect investors in the fast-growing SCF system, which has expanded along with financial technology. SCF offers new financing opportunities for small businesses and startups, but this growth is not yet supported by clear and effective legal safeguards—especially in terms of information disclosure. The method used is normative legal research, based on laws and legal concepts. The novelty of this study is its focus on evaluating transparency not just as a matter of meeting basic requirements, but as a real effort to provide useful and meaningful information for investors. The results show that much of the information shared with investors is hard to understand, not detailed enough, and does not show the true business risks. Verification of data is still weak, and government supervision by the Financial Services Authority tends to act only after problems occur. This article recommends improving the quality of information, making it easier for investors to access and understand, and ensuring that regulators take a more active role in monitoring SCF platforms.   Artikel ini membahas penerapan prinsip keterbukaan dalam mekanisme Securities Crowdfunding (SCF) serta menguraikan berbagai hambatan yang membatasi fungsinya dalam melindungi investor. Urgensi penelitian ini terletak pada belum kuatnya aturan hukum yang melindungi investor dalam sistem SCF yang berkembang cepat seiring kemajuan teknologi finansial. SCF memberikan peluang pembiayaan baru bagi pelaku usaha kecil dan perusahaan rintisan, namun perkembangan ini belum diikuti oleh perlindungan hukum yang jelas dan efektif, terutama dalam hal penyampaian informasi. Penelitian ini menggunakan metode yuridis normatif dengan pendekatan peraturan perundang-undangan dan konseptual. Kebaruan penelitian ini terletak pada fokus analisis terhadap pelaksanaan prinsip keterbukaan secara nyata dan menyeluruh, bukan sekadar memenuhi persyaratan administratif. Hasil penelitian menunjukkan bahwa informasi yang disampaikan masih sulit dipahami, kurang rinci, dan belum menggambarkan risiko usaha secara utuh. Proses verifikasi informasi masih lemah, dan pengawasan dari Otoritas Jasa Keuangan cenderung dilakukan setelah terjadi masalah. Artikel ini merekomendasikan peningkatan kualitas informasi, kemudahan akses bagi investor, serta pengawasan yang lebih aktif dari regulator terhadap platform SCF.  
THE IDEAL LEGAL REGULATION FOR DECENTRALIZED FINANCE AS THE DEVELOPMENT OF INDONESIA CRYPTO ASSET TRADING Bustomi, Yazid; Muryanto, Yudho Taruno
Jurnal Pembaharuan Hukum Vol 9, No 3 (2022): Jurnal Pembaharuan Hukum
Publisher : UNISSULA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26532/jph.v9i3.21245

Abstract

Decentralized Finance (DeFI) has positively impacted the development of crypto asset trading and has been adopted by various countries except for Indonesia. This study aims to identify the urgency of regulating DeFi as the development of crypto asset trading in Indonesia and construct the ideal regulation. This research is normative legal research with a statutory and conceptual approach. The research results stated the urgency of regulating DeFi as the development of crypto asset trading is: a) other countries have used DeFi because it can develop crypto asset trading for the better by creating value stability in crypto assets, having a function for lending and borrowing crypto assets, having transparency in transactions and lower crypto asset trading fees; b) DeFi technology adopted in the development of the Digital Rupiah project by BI and adopted by physical traders of crypto assets in Indonesia; c) as a form of legal protection from risks arising from technical or non-technical negligence or intention to protection from crime. Ideal legal regulation for decentralized finance as the development of Indonesia crypto asset trading is the formation of a regulation by CoFTRA in the form of technical guidelines and implementation mechanisms, in the form of a new written CoFTRA Regulation, in the form of a decree from the Head of CoFTRA whose focus is to regulate DeFi as development Crypto asset trading.
THE LEGAL PROBLEMS OF TRADITIONAL CULTURAL EXPRESSIONS AS INTELLECTUAL PROPERTY WITH COMMUNAL OWNERSHIP Muryanto, Yudho Taruno; Kharisma, Dona Budi; Assidiqi, Imam Dzaki Hidayad
Jurnal Pembaharuan Hukum Vol 11, No 1 (2024): Jurnal Pembaharuan Hukum
Publisher : UNISSULA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26532/jph.v11i1.32154

Abstract

This legal research aims to analyze arrangements regarding communal legal protection of traditional cultural expressions based on Government Regulation Number 56 of 2022 concerning Communal Intellectual Property, and it also seeks to identify legal problems in the practice of protecting Communal Intellectual Property in Indonesia where various cases of unilateral claims against the inheritance of Traditional Cultural Expressions by other countries, such as Malaysia's claim for Pendet Dance, Wayang Art, and Reog; Germany’s claim for Distinctive Ornamental Frame from Jepara; and China’s claim for Batik Pesisir’s motif. There find legal problems. First, the intellectual property legal protection regime in Indonesia is still individualistic. Second, Insufficient communal intellectual property legal instruments. Last, a low legal culture in Indonesian society. Based on these findings, that the government need to amendment the protection of Traditional Cultural Expressions of Communal Intellectual Property through substance reform in Act No. 28 of 2014 about Copyright and develop one database of Communal Intelectual Property.
Keabsahan Klausula Baku dalam Perjanjian Pembiayaan Modal Ventura dalam Perspektif Asas Kebebasan Berkontrak Zahra Suryandaru; Yudho Taruno Muryanto
Jurnal Kajian Hukum Dan Kebijakan Publik | E-ISSN : 3031-8882 Vol. 2 No. 2 (2025): Januari - Juni
Publisher : CV. ITTC INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62379/tfg49y22

Abstract

Venture capital financing agreements are agreements that often contain standard clauses prepared unilaterally by Venture Capital Company. This research analyzes the principle of freedom of contract in venture capital financing agreements that include standard clauses, with the aim of assessing their validity. This research uses normative law method with statutory and conceptual approaches. The results show that standard clauses in venture capital financing agreements aim to provide efficiency and legal certainty, but have the potential to create an imbalance in the bargaining position between Venture Capital Companies and Investee Company. Venture capital financing agreements that include standard clauses are invalid because the subjective requirements in the agreement are not met and are contrary to the principle of freedom of contract and the principle of good faith in Article 1338 paragraph (3) of the Indonesian Civil Code which states that agreements must be carried out in good faith. So that firmer regulations and protection mechanisms for weaker parties in the agreement are needed to ensure that the principle of freedom of contract continues to run fairly.
Kewenangan Badan Pengawas Perdagangan Berjangka Komoditi Dalam Memberikan Perlindungan Hukum Bagi Korban Investasi Bodong Emas Digital : Studi Kasus PT Tamasia Global Sharia Ario Andika Baskoro; Yudho Taruno Muryanto
Terang : Jurnal Kajian Ilmu Sosial, Politik dan Hukum Vol. 1 No. 1 (2024): Maret : Terang : Jurnal Kajian Ilmu Sosial, Politik dan Hukum
Publisher : Asosiasi Peneliti dan Pengajar Ilmu Hukum Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62383/terang.v1i1.81

Abstract

This research aims to determine the regulations related to the implementation of digital gold investment in Indonesia and to determine the form of legal protection that BAPPEBTI can provide through statutory regulations for digital gold customers. This research is normative legal research that is descriptive in nature. The research approach used is a statutory and conceptual approach. The types and sources of legal materials used consist of primary legal materials and secondary legal materials. The legal material collection technique used is literature study a. The legal material analysis technique used is deductive using the syllogism method. Based on the research results, it was found that the implementation of digital gold investment trading in Indonesia is generally regulated in the Commodity Futures Trading Law, explained in more detail in Minister of Trade Regulation No. 119 of 2018, and the technical provisions are regulated in BAPPEBTI Regulations. The legal protection that BAPPEBTI can provide to digital gold customers includes carrying out supervision and even inspection of companies carrying out digital gold trading activities, then if violations are found by the company concerned, BAPPEBTI can impose administrative or criminal sanctions. However, there is a contradiction in Article 6 letters e and f in the Commodity Futures Trading Law, in letter e it is stated that BAPPEBTI has the authority to carry out inspections of parties who have business permits, individual permits, approvals or registration certificates. However, in letter f it is stated that BAPPEBTI appoints another party to carry out certain inspections in the context of implementing BAPPEBTI's authority as referred to in letter e. This shows that BAPPEBTI as a special institution for futures trading cannot be directly involved in enforcing the futures trading system, which means that BAPPEBTI's role in providing legal protection for digital gold customers is not optimal.
Politik Hukum Pemenuhan Hak atas Kesehatan Pasca Penghapusan Ketentuan Mandatory Spending: Legal Policy of Fulfilling the Right to Health After the Erasure of Mandatory Spending Provisions Nufitasari, Dien; Anam, Mohammad Choirul; Wiwoho, Jamal; Muryanto, Yudho Taruno; Wardhono, Dwi Tjahja Kusumo
SHARE Journal Vol. 1 No. 2 (2025): JSHARE Vol. 1 No. 2, December 2025
Publisher : Badan Pembinaan dan Pengembangan Hukum Pemeriksaan Keuangan Negara Badan Pemeriksa Keuangan RI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28986/jshare.v1i2.2405

Abstract

Law Number 17 of 2023 on Health has erased the requirement to allocate 5% to the health sector from the State Revenue and Expenditure Budget and 10% from the Regional Revenue and Expenditure Budget. It was previously required under Law Number 36 of 2009 concerning Health. This paper analyzes the fulfillment of the right to health following the removal of the mandatory spending provision. The authors employ legal methodology, adopting both normative and conceptual approaches. The study reveals that the government erased the mandatory spending norm for several reasons. Some of these stem from limited fiscal space and program flexibility, constrained by budget efficiency arising from the existence of the national health insurance, the emergence of new areas of corruption in the health sector, and the misallocation of the health budget. The legal policy of the Health Law should explicitly allocate 10%–20% to the health sector and include targeted, structured, and well-planned programs to achieve the greatest possible prosperity for the people. This allocation amount is comparable to expenditures in the education sector, underscoring that mandatory health spending reinforces the responsibility of both central and local governments to allocate sufficient health budgets as a national priority.
Reformulation of Fintech Peer to Peer Landing Regulations: Critical Review of Predatory Pricing in the Implementation of Interest Rates Handayani, Otih; Muryanto, Yudho Taruno; Masri, Esther
Pena Justisia: Media Komunikasi dan Kajian Hukum Vol. 23 No. 2 (2024): Pena Justisia
Publisher : Faculty of Law, Universitas Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31941/pj.v23i2.4969

Abstract

Fintech Peer to Peer Lending (P2P Lending) have interest rates that tend to be higher and installment terms that are more concise than conventional loans. The Business Competition Supervisory Commission (KPPU) suspects that there is a cartel of agreements to determine interest rates by the Indonesian Joint Funding Fintech Association (AFPI) until finallyFinancial Services Authority (OJK) issued Financial Services Authority Circular (SEOJK) No. 19/SEOJK.06/2023 number VI which governregarding the maximum interest rate limit. This research aims to analyze the settingP2P Lending justice-based with a critical review of predatory pricing in the application of interest ratesP2P Lending. This research is doctrinal/normative legal research with a statutory approach. Literature study, analyzed qualitatively. The research results describe that SEOJK No. 19/SEOJK.06/2023 is actually a monopolistic practice by the government which unilaterally protects the Loan Recipient, this is contrary to economic democracy which requires equal opportunities for Lenders and Platforms to participate in encouraging economic growth and the functioning of a fair market economy due to the potential for predatory pricing which can cause Platforms to be unable to develop and even tend to experience business failure.
Menguji Kepastian Hukum Prinsip Separate Legal Entity terhadap Permohonan Pailit Anak Perusahaan BUMN Persero Handayani, Wiwid Putri; Muryanto, Yudho Taruno; Cahyaningsih, Diana Tantri
Jurnal Ilmu Multidisiplin Vol. 4 No. 6 (2026): Jurnal Ilmu Multidisplin (Februari - Maret 2026)
Publisher : Green Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jim.v4i6.1643

Abstract

Penelitian ini bertujuan untuk mengkaji kepastian hukum atas prinsip separate legal entity dalam kepailitan anak perusahaan BUMN Persero. Penelitian ini dilatarbelakangi karena terjadinya disparitas putusan pengadilan terhadap permohonan pailit anak perusahaan BUMN Persero, contohnya dalam permohonan pailit anak perusahaan BUMN Persero yang diajukan oleh permohonan pailit terhadap PT Indonesia Power yang diajukan Konsorsium Kinarya Liman Margaseta ditolak dengan pertimbangan bahwa kedudukan anak perusahaan sejajar dengan BUMN induk sebagai penyelenggara kepentingan publik sehingga memerlukan persetujuan Menteri Keuangan. Sebaliknya, putusan terhadap PT Kertas Leces (Persero) justru mengabulkan permohonan pailit dengan menegaskan statusnya sebagai badan hukum mandiri sebagaimana perseroan terbatas lainnya. Penelitian ini merupakan penelitian yuridis normatif dengan menggunakan pendekatan perundang-undangan dan pendekatan kasus. Hasil penelitian menunjukkan bahwa anak perusahaan BUMN Persero secara normatif merupakan badan hukum mandiri yang kekayaannya terpisah dari kekayaan negara, sehingga dapat dipailitkan sebagaimana perseroan terbatas lainnya. Namun, penafsiran hukum yang berbeda terhadap status aset sebagai bagian dari kepentingan negara menimbulkan inkonsistensi dalam putusan pengadilan. Penelitian ini menyimpulkan bahwa diperlukan harmonisasi interpretasi dan penegasan norma untuk menjamin kepastian hukum dalam proses kepailitan anak perusahaan BUMN Persero.
Analisis Karya Kecerdasan Buatan Italian Brainrot Dalam Perspektif Undang-Undang Hak Cipta Nabila, Aulia Khansa; Muryanto, Yudho Taruno
Jurnal Kajian Hukum Dan Kebijakan Publik | E-ISSN : 3031-8882 Vol. 3 No. 2 (2026): Januari-Juni
Publisher : CV. ITTC INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62379/0mj44163

Abstract

This research aims to analyze one of the works produced by artificial intelligence, specifically Italian Brainrot, in the field of image-based creations. The use of artificial intelligence technology brings its own challenges in the field of copyright law, as it gives rise to a fundamental legal uncertainty regarding whether works generated by artificial intelligence can be categorized as "creations" protected by copyright under Law Number 28 of 2014 on Copyright. The method used is normative juridical with a literature study approach, referring to Law Number 28 of 2014 on Copyright and other related regulations. The research findings indicate that works produced entirely by the Italian Brainrot artificial intelligence cannot obtain copyright protection in Indonesia. This is because Italian Brainrot's AI-generated works do not meet the requirements for a creation to be eligible for copyright protection, namely originality, creativity, and embodiment. Italian Brainrot has not fulfilled the requirement of human authorship and human creativity, and therefore cannot yet obtain copyright protection.
ANALYSIS OF INSIDER TRADING PRACTICE RELATING TO LAW PROTECTION EFFORT FOR MINORITY SHAREHOLDERS Muryanto, Yudho Taruno; Widyoningrum, Riezdiani Restu
Yustisia Vol 7, No 2: August 2018
Publisher : Faculty of Law, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/yustisia.v7i2.17232

Abstract

This article aims to describe the characteristics of insider trading according to the Act No. 8 of 1995 on Capital Market and the implication with legal effort that can be taken by minority shareholder. The characteristics of insider trading according to the act No 8 of 1995 on Capital Market are in line with fiduciary duty theory principle, there is involvement of insider by the misappropriation trusted. Insider trading has impacts to the other investors, especially to minority shareholder. The difference opportunity to do transaction causes financial disadantages, and for the loss, minority shareholder can doing legal effort, submit their civil lawsuit to the insider trader.
Co-Authors Adi Sulistiyono Aditya Yudhatama Idham Aditya, Muhammad Faisal Al Sentot Sudarwanto Albertus Sentot Sudarwanto, Albertus Sentot Ambar Budhisulistyawati, Ambar Andiani Puteri, Kristalia Anjar Sri CN, Anjar Sri Arief Suryono Ario Andika Baskoro Artono Dwijo Sutomo Assidiqi, Imam Dzaki Hidayad Athasya, Amanda Ayu, Adelia Setya Bambang Kusharjanta Budi Legowoz Bustomi, Yazid CESARIO A, MIKAIL Citoputri, Monica Christina Darusman, Muhammad Yusuf Diana Tantri Cahyaningsih Dona Budi Kharisma, Dona Budi Fathurrahman, Muhammad Aldi Firmansyah Gabriellea Anya Agatha Gustami, Nabila Rahma Handayani, Otih Handayani, Wiwid Putri Hanggoro Moh. P, Marsetiadi Hastami, Ade Irma Cendikia Idham, Aditya Yudhatama Jamal Wiwoho Juan Dicky A. Sukatendel Kristalia Andiani Puteri Lintang Akbar Samudra M. Hudi Asrori S Masri, Esther Maulana, Muhamad Reza Miftakhul Jannah, Ajeng Kirana Moch Najib Imanullah Mochamad Aidil Adam Mohammad Choirul Anam Muhammad Rustamaji Nabila, Aulia Khansa Nadhila Cahya Nurmalasari Nufitasari, Dien Oktavira, Bernadetha Aurelia Pawiring, Meisyani Putri Ayu Angela Priangga, Rizal Widiya Rachman, Raihan Reza Fauzia Hanum Ridhwan Listiyo Nugroho Rilo Fisyahril Ramadhan Risang Semunaring Jabbar Rizal Widiya Priangga Rudi Laksono Salim Widono SANUSI, ATIKAH AL KHANSA Saptanti, Noor Sava Waroha Sasikirana Haq Setyo Sri Rahardjo Sri Marmoah Sundari, Ayu Suwandi, Sarwiji Teguh Wisnu Wardhana Tri Murwaningsi Anjar Sri Ciptorukmi N Tuhana Tuhana Wardhono, Dwi Tjahja Kusumo Widyoningrum, Riezdiani Restu Widyoningrum, Riezdiani Restu Wulandari, Anisa Dwi Zahra Suryandaru Zulfikar, Rifqi Nur