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All Journal WAJAH HUKUM Pena Justisia: Media Komunikasi dan Kajian Hukum Prophetic Law Review JIAL (Journal of Indonesian Adat Law) Indonesian Capital Market Review
M. Syamsudin, M.
Universitas Islam Indonesia
Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Reorientation of Approaches in Indonesian Customary Law Studies Syamsudin, M.; APHA, Journal Manager
Jurnal Hukum Adat Indonesia Vol 1 No 1 (2017): Journal of Indonesian Adat Law (JIAL) APHA
Publisher : Asosiasi Pengajar Hukum Adat (APHA) Indonesia, Fakultas Hukum Universitas Trisakti - Jakarta Barat, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (278.897 KB) | DOI: 10.46816/jial.v1i1.15

Abstract

This paper is intended to describe some approaches in studying the Indonesian Adat Law. From the exposure is expected to provide various perspectives in studying the sides of Indonesian Adat Law that is used as the object of study of legal scholars today. The current issue of Indonesian Adat Law studies shows a very distressing and lagging state when compared to other legal studies such as Western Law. This situation indicates how Indonesian Adat Law will be left behind and will likely be alienated from the academic community in the future. The problem is allegedly caused by among others the lack and freezing of existing materials and the absence of unity of theme and orientation of study. This paper is intended as an effort to respond to the situation, namely the effort to provide direction and contribution of thought and further development of the study and teaching of customary law which is still ongoing in the faculties of law in general. This study is considered a study of doctrinal law with reference to secondary data. Secondary data collected were processed in a non-statistic, analyzed descriptively-qualitative, and presented narratively based on the topic of the problem studied. The results of this study indicate the need for the Indonesian Adat Law study approach within the framework of Indonesian national jurisprudence. The object of study of this approach is the idea of Adat Law that was born and started since the Indonesian Youth Congress in 1928, which in its development has spawned Pancasila and the 1945 Constitution as the basis and constitution of the independent Indonesian state. In this development Adat Law is essentially an escalation of the values and principles of local adat law into the values and principles of law that serve as the basis of the framework of Indonesian National Law. Therefore, it is necessary to approach Indonesian national jurisprudence in studying Adat Law.
Estimating Structural Models of Corporate Bond Prices in Indonesian Corporations Suardi, Lenny; Syamsudin, M.
Indonesian Capital Market Review Vol. 2, No. 2
Publisher : UI Scholars Hub

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Abstract

This paper applies the maximum likelihood (ML) approaches to implementing the structural model of corporate bond, as suggested by Li and Wong (2008), in Indonesian corporations. Two structural models, extended Merton and Longstaff & Schwartz (LS) models, are used in determining these prices, yields, yield spreads and probabilities of default. ML estimation is used to determine the volatility of irm value. Since irm value is unobserved variable, Duan (1994) suggested that the irst step of ML estimation is to derive the likelihood function for equity as the option on the irm value. The second step is to ind parameters such as the drift and volatility of irm value, that maximizing this function. The irm value itself is extracted by equating the pricing formula to the observed equity prices. Equity, total liabilities, bond prices data and the irm's parameters (irm value, volatility of irm value, and default barrier) are substituted to extended Merton and LS bond pricing formula in order to valuate the corporate bond.These models are implemented to a sample of 24 bond prices in Indonesian corporation during period of 2001-2005, based on criteria of Eom, Helwege and Huang (2004). The equity and bond prices data were obtained from Indonesia Stock Exchange for irms that issued equity and provided regular inancial statement within this period. The result shows that both models, in average, underestimate the bond prices and overestimate the yields and yield spread.
Formulating The Concept Of Progressive Judge In Handling Corruption Cases In Indonesia Syamsudin, M.
Prophetic Law Review Vol. 3 No. 1 June 2021
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/PLR.vol3.iss1.art3

Abstract

The main problem studied in this writing is the failure of judges to eradicate corruption in Indonesia in their decisions. The data is collected by interviews and studies of verdict documents. To analyze that problem there needs a study in socio-legal research with the legal hermeneutical approach. The result of this research shows the weaknesses of judges in deciding verdicts for corruption. The narrow interpretation of corruption and the performance orientation of judges contributed to the failure of judges in eradicating corruption. There needs to be an introduction of the concept progressive judges to overcome the aforementioned problems. Progressive Judges are judges who can creatively interpret the law on existing regulations, without having to wait for regulatory changes. Poor regulation does not have to be a barrier for progressive judges to present fair, definite, and useful laws because they can make progressive interpretations of existing regulations.Keywords: The concept of progressive judges; eradicate corruptions; the legal hermeneutic approachPerumusan Konsep Hakim Progresif Dalam Penanganan Kasus Korupsi Di IndonesiaAbstrakMasalah utama yang dikaji dalam penulisan ini adalah kegagalan hakim dalam memberantas korupsi di Indonesia dalam putusannya. Pengumpulan data dilakukan dengan wawancara dan studi dokumen putusan. Untuk menganalisis permasalahan tersebut perlu adanya kajian dalam penelitian sosio-legal dengan pendekatan hermeneutika hukum. Hasil penelitian ini menunjukkan kelemahan hakim dalam memutus perkara korupsi. Penafsiran korupsi yang sempit dan orientasi kinerja hakim berkontribusi pada kegagalan hakim dalam memberantas korupsi. Perlu adanya pengenalan konsep hakim progresif untuk mengatasi permasalahan tersebut di atas. Hakim Progresif adalah hakim yang secara kreatif dapat menafsirkan undang-undang pada peraturan yang ada, tanpa harus menunggu perubahan peraturan. Regulasi yang buruk tidak harus menjadi penghalang bagi hakim progresif untuk menghadirkan hukum yang adil, pasti, dan bermanfaat karena mereka dapat membuat interpretasi progresif terhadap peraturan yang ada.Kata kunci: Konsep hakim progresif; memberantas korupsi; pendekatan hermeneutika hukum
Aktualitas Asas Itikad Baik dalam Praktik Pagang Gadai Sawah di Sumatera Barat Almira, Lara Delanosa; Syechkant, Ibnu; Ikhsan, Muhammad; Syamsudin, M.
Wajah Hukum Vol 9, No 2 (2025): Oktober
Publisher : Universitas Batanghari Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33087/wjh.v9i2.1705

Abstract

This study discusses the actuality of the principle of good faith in the practice of pawning rice fields in West Sumatra, especially in the context of Minangkabau customary law and Government Regulation in Lieu of Law Number 56 of 1960. This study aims to understand the application of the principle of good faith and identify the factors that become obstacles in the practice of pawning land. This type of research is a sociological legal research type. The object of the study is the rice fields, which are the objects of pawning. The subjects of the study are the Head of the Minangkabau Natural Customary Council (LKAAM) of West Sumatra and the Head of the Nagari Customary Council. The empirical legal research approach has a descriptive analytical nature with data collection techniques through observation, interviews, literature studies and documents. The analysis method is carried out descriptively and qualitatively. The results of this study indicate that the practice of pawning in Minangkabau has a matrilineal customary system and a high pusako property concept. The principle of good faith is very important in this practice, with both parties having to act honestly and fairly. However, there are several constraining factors such as legal developments, time periods, pawn requirements, and communication. Therefore, it is important to maintain the continuity of pawn practices and improve existing regulations by implementing the principle of good faith.
THE URGENCY OF DIVINE PRINCIPLES IN THE IMPLENTATION OF ARBITRATION AWARD EXECUTION IN INDONESIA anshori, huzaimah al; Pamungkas, Sapto Hadi; Mukhidin, Aklis; Syamsudin, M.
Pena Justisia: Media Komunikasi dan Kajian Hukum Vol. 22 No. 1 (2023): Pena Justisia
Publisher : Faculty of Law, Universitas Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31941/pj.v22i1.4844

Abstract

Divine Principles Application in Resolving Business Disputes at the Indonesian National Arbitration Board (BANI) Surabaya. It is important to note that some parties involved in arbitration disputes do not comply with arbitration decisions in Indonesia. Consequently, they resort to measures such as filing annulment requests in the District Court and escalating the matter to the Commercial Court. This situation highlights the urgent need for applying divine principles in executing arbitration awards in Indonesia. The question arises: how do divine principles function in executing national arbitration awards in Indonesia. The author undertakes empirical research utilizing socio-legal approaches, case study approaches, conceptual approaches, and philosophical approaches. To provide solutions for the execution of arbitration awards in Indonesia, various theories are employed, including Grundnorm theory, the theory of legal consciousness and compliance, natural law theory, and the theory of pacta sunt servanda. The principle of divinity, as reflected in the preamble of decisions stating "For Justice Based on the Almighty God," necessitates a sincere intention from the disputing parties to comply with and adhere to the arbitration decision. Furthermore, the parties are encouraged to seek common ground for the greater good (maslahah), aligning with Imam Shatibi's theory of maslahah, which posits that where there is benefit, there is divine law. Implementing National Arbitration award execution can be voluntarily carried out by applying the Divine Principle, as demonstrated by the cases involving PT. Nugraha Adi Taruna as the contractor with the Kediri City Government/Public Works Agency/Head of Procurement Services, and the contractor PT. Murni Construction with the Kediri City Government/Public Works Agency/Head of Procurement Services. The effective application of the Divine Principle in the preamble of decisions rendered by the arbitral tribunal and the execution of arbitration awards requires the intent of the parties, advice from their legal counsel, and direction from the head of the District Court. Theoretically, the operation of the Divine Principle is facilitated through pacta sunt servanda, the theory of legal consciousness and compliance, natural law theory, and Grundnorm theory. Keywords: Urgency of Divine Principles, Execution, Arbitration Awards 
Co-Authors Almira, Lara Delanosa Anshori, Huzaimah Al APHA, Journal Manager Muhammad Ikhsan Mukhidin, Aklis Pamungkas, Sapto Hadi Suardi, Lenny Syechkant, Ibnu