Kanun: Jurnal Ilmu Hukum
Vol. 25, No. 1, April 2023: Legal Developments in National and Global Context

THE EXISTENCE OF TRADE SECRETS AS DEBT COLLATERAL IN INDONESIA: ORIENTATION AND IMPLICATION

Yohanes Suhardin (Fakultas Hukum Universitas Katolik Santo Thomas Medan)
Rolib Sitorus (Fakultas Hukum Universitas Pelita Harapan)
Hendri Khuan (Fakultas Hukum Universitas Mataram)
Sardjana Orba Manullang (Fakultas Hukum Universitas Krisnadwipayana)
Ade Sathya Sanathana Ishwara (Faculty of Humanities and Social Sciences, Valaya Alongkorn Rajabhat University under the Royal Patronage,Thailand)



Article Info

Publish Date
01 Apr 2023

Abstract

This paper investigates the orientation and implications of using trade secrets as collateral, by analyzing legal regulations, case studies, and applicable legal approaches. The research method employed is a legal research method with a descriptive-analytical approach. Data sources include legal documents, court decisions, and relevant scholarly literature. The data is analyzed qualitatively to identify patterns, trends, and implications of using trade secrets as collateral in business transactions. This paper indicates that utilizing trade secrets as collateral has the potential to support companies in obtaining funding and maintaining financial stability. However, this involves complexities in assessing the value of trade secrets, legal protection, information security, and trust among parties involved. Laws safeguarding intellectual property rights and trade secrets are crucial in governing and safeguarding this mechanism. The use of trade secrets also has broad impacts, encompassing legal, economic, and business aspects. In Indonesia, Law Number 30 of 2000 concerning Trade Secrets provides a legal basis for the protection of trade secrets. However, the use of trade secrets as collateral requires strong cooperation among involved parties, a deep understanding of rights and obligations, and thoughtful strategic considerations. 

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Journal Info

Abbrev

kanun

Publisher

Subject

Law, Crime, Criminology & Criminal Justice

Description

anun: Jurnal Ilmu Hukum (KJIH), the Indonesian Journal of Autonomy Law, is an international journal dedicated to the study of autonomy law within the framework of national and international legal systems. Published thrice annually (April, August, December), KJIH provides valuable insights for ...