Claim Missing Document
Check
Articles

Found 2 Documents
Search

Urgensi Reformasi Hukum Kepailitan dalam Memitigasi Risiko Sistemik terhadap Stabilitas Makroekonomi Sudhana, Harry; Muhammad Ruhunussa; Raden Giri; Raineldis Bero; Yusfika Ely Nur Afifah; Edi Mulyadi
IJESM Indonesian Journal of Economics and Strategic Management Vol. 3 No. 4 (2025): December
Publisher : Draf Solusi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69718/ijesm.v3i4.521

Abstract

This study examines the urgency of bankruptcy law reform within the framework of mitigating systemic risks that threaten macroeconomic stability. As theoretical research, this article analyzes the correlation between the efficiency of insolvency regimes and macroeconomic variables such as investment, banking sector health, and resource allocation. The findings indicate that a rigid bankruptcy law, which is merely oriented toward formal-legalistic aspects, can trigger the "zombie firms" phenomenon, which hinders national productivity and exacerbates financial contagion during crises. Legal reform is necessary to shift the paradigm from a private debt-settlement mechanism to an economic policy instrument capable of distinguishing between temporary liquidity shocks and fundamental insolvency. In conclusion, strengthening debt restructuring mechanisms and synchronizing judicial authorities with macroprudential policies are crucial for building economic resilience. Legal uncertainty in bankruptcy proceedings not only harms the parties involved but also escalates systemic risks that can destabilize overall national economic growth.
KETAHANAN RANTAI PASOK GLOBAL DAN IMPLIKASINYA TERHADAP REGULASI PERDAGANGAN INTERNASIONAL Naek Efendi; Annie Myranika; Supendi; Tugimin Harjotaruno; Muhammad Ruhunussa; Asep Mulyana
Berajah Journal Vol. 6 No. 2 (2026): Berajah Journal
Publisher : CV. Lafadz Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47353/bj.v6i2.604

Abstract

Global supply chain resilience has become a central issue in international trade law in the wake of the COVID-19 pandemic, geopolitical conflicts, the energy crisis, climate change and the rise of new protectionist policies. Supply chain disruptions are no longer viewed as merely a business issue, but have evolved into an issue of international law that affects the stability of cross-border trade. This article analyses how global supply chain resilience impacts international trade regulation, including WTO rule reforms, the use of trade facilitation instruments, trade digitalisation, and policies on friendshoring, reshoring, and national economic security. The research employs a normative legal methodology using a legislative approach, a conceptual approach, and a comparative approach. The research findings indicate that international trade law needs to transform from an efficiency paradigm towards a resilience paradigm that continues to uphold the principles of non-discrimination, transparency, and legal certainty.