Prosiding International Conference on Sustainable Innovation (ICoSI)
Vol. 3 No. 1 (2023)

Covid-19 Pandemic as Force Majeure to Credit Agreements

Reni Anggriani (Civil Law, Law Faculty, University of Muhammadiyah Yogyakarta)
Rafid Adyatma (Civil Law, Law Faculty, University of Muhammadiyah Yogyakarta)



Article Info

Publish Date
07 Feb 2024

Abstract

Agreements are closely related to human life, including improving the economy. An agreement is an agreement of the parties, including in running the economy, including credit agreements, carried out by customers with banks. The agreed agreement must be executed by the parties. However, sometimes, not all of the contents of the agreement can be implemented, including because of Force Majeure. The study uses normative and empirical legal research to determine whether the COVID-19 pandemic can be categorized as Force Majeure in Credit Agreements. The COVID-19 pandemic can be categorized as Force Majeure in a case study at PT. Bank Rakyat Indonesia (Persero) Tbk. Gombong Branch Office). Since the COVID-19 pandemic can be categorized as a Force Majeure, the credit agreement that has been agreed at the beginning can be restructured. Accordingly, no one has investigated this issue.

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Journal Info

Abbrev

picosi

Publisher

Subject

Religion Agriculture, Biological Sciences & Forestry Humanities Economics, Econometrics & Finance Languange, Linguistic, Communication & Media

Description

The Prosiding International Conference on Sustainable Innovation provides a multidisciplinary platform for scholars, researchers, and practitioners to share innovative research and advancements in sustainability. The journal encompasses a broad scope, covering the following fields: Humanities and ...