The Authority to File Bankruptcy Petitions After the Establishment of Indonesia's Financial Services Authority

The transfer in the functions, duties, and authority for regulation and supervision as stipulated in Article 55 of the Act concerning the Financial Services Authority (OJK) does not include the transfer of authority in filing a petition for bankruptcy. The authority to file a bankrupty petition against a debtor in the financial services sector still refers to Article 2 paragraph (3) to (5) Act No. 37 of 2004 concerning Bankruptcy and Suspension of Payment. Peralihan fungsi, tugas dan kewenangan pengaturan dan pengawasan sebagaimana dimaksud dalam Pasal 55 Undang-undang tentang Otoritas Jasa Keuangan (OJK) tidak termasuk peralihan kewenangan pengajuan pailit. Kewenangan untuk mengajukan permohonan pailit terhadap debitor yang bergerak dibidang jasa keuangan tetap mengacu pada Pasal 2 ayat (3) sampai (5) Undang-Undang Nomor 37 Tahun 2004 tentang Kepailitan dan PKPU

Legal Status of Credit Bank Guarantee in Indonesia\u27s Legal Guarantee

The aim of this research is to analyze about the legal status of the letter hiring as collateral for bank loans in the Indonesian security law. The method of this research is a normative juridical. The results of this research indicate that the decree hiring is not included in the objects that can be bound by pledge, fiduciary, and mortgage then hiring decree hiring is not included in the personal guarantee and corporate guarantee. Although the hiring decree is issued by a legitimate institution, the institution is not bound by an agreement between the debtor debts with the bank but when the decree was used as security for the bank. Hiring letter is not also included in the general collateral. Decree hiring is not an object and does not qualify as material that can be used as general collateral. The conclusion of this research is that the position of the decree hiring as collateral for bank loans is a new form of guarantee which is not included in the general guarantees and the specific ones. This shows that the system of legal guarantees in Indonesia is not pure anymore embrace a closed system, but has started shifting into an open system

Kajian Hukum Tentang Penerapan Pembuktian Sederhana dalam Perkara Kepailitan Asuransi

Commercial courts' judges are still strictly observing summary proof principle when trying insolvency proceedings against insurance companies. Since insurance companies are vital for our economy, the Ministry of Finance needs to formulate certain measurement and consideration that ought to be met prior to filing insolvency case to commercial courts. Pembuktian sederhana dalam perkara kepailitan Perusahaan asuransi masih diterapkan secara kaku oleh hakim-hakim niaga. Sebagai lembaga keuangan yang vital dalam perekonomian bangsa, Kementerian Keuangan selaku otoritas tertinggi di bidang keuangan perlu menyusun tolok ukur dan pertimbangan-pertimbangan tertentu yang harus dipenuhi sebelum kasus kepailitan Perusahaan asuransi dapat diajukan ke pengadilan niaga