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All Journal Yustisia Pembaharuan Hukum
Adistia, Sheva Trisanda
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Law, Crime, Criminology & Criminal Justice Social Sciences

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DEVELOPMENT OF THE HERITAGE CENTER AS BANKRUPTCY CURATOR Wijayanta, Tata; Adistia, Sheva Trisanda
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.v11i1.34435

Abstract

This study aimed to find out and analyze the implications of the regulation of the Curator in Law No. 37 of 2004 on the Semarang Heritage Agency and the development of the Heritage Agency as bankruptcy curator. This study was empirical normative legal research that combined normative legal research and empirical legal research presented in a descriptive qualitative analysis. This research found that the change in Law No. 37 of 2004 was to add another curator besides the Heritage Agency. The results of the study and discussion show that the implication of setting the curator as the administrator and insolvency of bankruptcy assets is that the number of cases handled by the institution is divided into two, but in practice it is less than the curator and the developments that occur at the Property and Heritage Agency of Semarang in general are with the tasks of administering third party money and specifically the separation of duties on heritage and state curator (bankruptcy).
Should Indonesia Learn from Malaysia and Singapore’s Cross-Border Insolvency Asset Settlements? Wijayanta, Tata; Adistia, Sheva Trisanda; Leonardus, Rado F; Hermawan, B.E
Yustisia Vol 13, No 1: April 2024
Publisher : Faculty of Law, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/yustisia.v13i1.79773

Abstract

The lack of boundaries between countries characterises the current globalisation. This convenience represents "high risk, high return", with the possibility of greater profits, but there is also a high risk of failure. This risk arises due to unpreparedness to mitigate the consequences of using technology or errors in its application, resulting in bankruptcy and affecting business actors and all assets. In Indonesia, the regulation of the cross-border insolvency mechanism still needs to be clarified, especially for cross-border assets that experienced difficulties in execution. This study examined Malaysia and Singapore's cross-border insolvency asset settlement arrangements as the closest countries to Indonesia. The study shows that Malaysia and Singapore have agreements with other countries formed as a collaborative step for settling bankruptcy cases. Indonesia is required to modify the principle of territorialism, either by forming bilateral or multilateral agreements, even by ratifying the UNCITRAL Cross-Border-Insolvency.
Co-Authors Hermawan, B.E Leonardus, Rado F Tata Wijayanta