Claim Missing Document
Check
Articles

Found 3 Documents
Search

Politik Hukum Pemberlakuan Undang-Undang Nomor 1 Tahun 2025 terkait Ketentuan yang Memisahkan Kerugian pada Badan Pengelola Investasi Daya Anagata Nusantara (Danantara Indonesia) dan Kerugian Badan Usaha Milik Negara sebagai Kerugian Negara Fakhrul Ardiyan; Riski Ari Wibowo; Afandono Cahyo Putranto
Jurnal Riset Multidisiplin Edukasi Vol. 2 No. 10 (2025): Jurnal Riset Multidisiplin Edukasi (Edisi Oktober 2025)
Publisher : PT. Hasba Edukasi Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71282/jurmie.v2i10.1076

Abstract

Law No. 1 of 2025 introduces several legal issues, including those related to the establishment of the BPI Danantara (Danantara Indonesia) as a superholding that consolidates the assets of state-owned enterprises (BUMN) within the framework of a sovereign wealth fund. However, it is exempted from being subject to state administration, finance, and state losses, and weakens the oversight mechanism of the Financial Audit Agency of the Republic of Indonesia (BPK RI), which is entrusted with the authority to audit state finances under Article 23E of the 1945 Constitution. These conditions raise concerns about potential governance deviations due to conflicts with the Anti-Corruption Law, the State Finance Law, and the State Administration Law. In this regard, this study analyzes the legal policy direction of the Government through Law No. 1 of 2025 and whether the losses of Danantara Indonesia and BUMN still constitute state losses, thereby allowing Law Enforcement Agencies to continue addressing corruption offenses within BUMN. The analysis shows that the legal policy direction of the Government through the BUMN Law is aimed at shifting the management of BUMN from a centralistic and bureaucratic model to a more decentralized one. This shift aims to improve the investment climate and ease of doing business, ultimately increasing foreign investor interest in placing investments or Foreign Direct Investments (FDI) in Indonesia. However, this has sparked both support and opposition due to the vulnerability to corruption practices within BUMN. Despite this, based on the principle of lex specialis derogat legi generali and Articles 2 and 3 of the Anti-Corruption Law, the losses from Danantara Indonesia and BUMN remain considered state losses, provided there is an unlawful act, such as corruption, embezzlement of funds, or fraud in the management of investments that leads to state losses.
Cyber-Duty of Care: Kerangka Hukum Pertanggungjawaban Lembaga Arbitrase Internasional atas Pelanggaran Keamanan Data dalam Persidangan Virtual di Indonesia Afandono Cahyo Putranto; Fakhrul Ardiyan; Irvandi Irvandi; Riski Ari Wibowo; Diani Sadiawati
AHKAM Vol 5 No 3 (2026): SEPTEMBER
Publisher : Lembaga Yasin AlSys

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58578/ahkam.v5i3.10266

Abstract

The increasing adoption of virtual conferencing technology after the COVID-19 pandemic has encouraged the use of online hearings in arbitration proceedings, while also giving rise to risks of confidential data leakage and cybersecurity breaches in transnational commercial disputes. This study aims to analyze the legal framework for the liability of international arbitration institutions for data security breaches in virtual hearings in Indonesia and to reconstruct relevant legal doctrines for the national arbitration regime. This study uses a normative juridical method with statutory, conceptual, and comparative approaches based on functional comparison. The results show that there is no legally binding standardization of cybersecurity protocols for international arbitration institutions in Indonesia, unlike Singapore and the United Kingdom, which already have more comprehensive regulatory frameworks. In addition, the construction of arbitral civil liability in the Indonesian legal system remains fragmented and has not been able to address losses resulting from data breaches in transnational commercial disputes. The conclusion of this study affirms the need to reconstruct the concept of Cyber-Duty of Care as a new legal doctrine in the Indonesian arbitration regime that systematically integrates the principles of personal data protection, cybersecurity standards, and arbitral civil liability. These findings provide a theoretical contribution to the development of arbitration law and data protection in virtual hearings, as well as practical implications for policymakers and arbitration institutions in strengthening data security protocols in international arbitration proceedings in Indonesia.
Perlindungan Hukum Kreditor terhadap Praktik Asset Stripping dalam Restrukturisasi Grup Perusahaan Multinasional: Studi Doktrin Cross-Border Insolvency dan Piercing the Corporate Veil Afandono Cahyo Putranto; Fakhrul Ardiyan; Irvandi Irvandi; Riski Ari Wibowo; Diani Sadiawati
YASIN Vol 6 No 3 (2026): JUNI
Publisher : Lembaga Yasin AlSys

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58578/yasin.v6i3.10267

Abstract

Legal protection for creditors against asset stripping practices in the restructuring of multinational corporate groups has become an important issue because asset depletion by foreign parent companies can weaken creditors’ position in bankruptcy and corporate restructuring processes. This study aims to analyze the effectiveness of cross-border insolvency and the doctrine of piercing the corporate veil in providing legal protection for creditors, particularly in the context of the limitations of Law No. 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations (PKPU) in regulating cross-border bankruptcy and asset stripping practices. This study uses a normative juridical method with statutory, conceptual, and functional comparative approaches to the legal systems of Indonesia, the United States, and the United Kingdom. The results show that the doctrine of piercing the corporate veil in Indonesian law has not been able to reach foreign parent companies that systematically conduct asset stripping against subsidiaries in Indonesia because of the limitations of extraterritorial jurisdiction and the absence of an adequate cross-border insolvency mechanism. In addition, the reconstruction of national bankruptcy law needs to be directed toward the adoption of the UNCITRAL Model Law on Cross-Border Insolvency 1997, the expansion of cross-border actio pauliana mechanisms, the strengthening of the doctrine of piercing the corporate veil with extraterritorial elements, and the regulation of substantive consolidation for multinational business groups. The conclusion of this study affirms that creditor protection in the restructuring of multinational corporate groups requires a hybrid regulatory model that integrates cross-border insolvency mechanisms into the Indonesian bankruptcy law system while maintaining national legal characteristics and needs. These findings provide a theoretical contribution to the development of cross-border bankruptcy law and practical implications for policymakers in strengthening creditor protection against asset stripping practices in multinational corporate structures.