Legal mechanism of cross collateral guarantee execution in credit agreements in Indonesia
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Published:
Oct 30, 2024
Keywords:
Civil Law, Cross Collateral, Execution of Guarantee, Fiduciary, Mortgage Rights
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Abstract
The purpose of this research is to examine and contrast the two methods of conventional and cross-collateral execution in Indonesian credit agreements. Using a descriptive-analytical methodology grounded on normative law, this paper examines pertinent rules including the Mortgage Law and the Fiduciary Guarantee Law. According to this study's findings, even though the legislative framework has laid the groundwork for creditor protection, cross-collateral execution often encounters difficulties due to the inadequate execution methods and priority order of creditor claims. The most pressing issue is the possibility for conflicts to arise due to the lack of clarity about the relative importance of creditors' rights. Here, a less complicated method of execution is required to reduce the likelihood of disputes. Among the many suggestions made by this research are changes to the legislation to make priority rights of creditors more clear, improvements to the collateral registration system, and the use of blockchain technology to make the collateral registration and execution process more transparent. As a result, this research adds to the body of knowledge on Indonesian collateral law and provides useful guidance for resolving issues with cross-collateral collateral execution.
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Mahmud, N. R. (2024). Legal mechanism of cross collateral guarantee execution in credit agreements in Indonesia. Journal of Law Science, 6(4), 683-692. https://doi.org/10.35335/jls.v6i4.5633
References
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Sims, J. (1989). Developments in Agreements Among Competitors. Antitrust Law Journal, 58(2), 433–441. https://www.jstor.org/stable/40841241
Sinaga, R. Y., & Dyastuti, R. M. (2023). Eksistensi Jaminan Hak Tanggungan Sebagai Jaminan Cross Collateral. KANJOLI Business Law Review, 1(1), Article 1. https://doi.org/10.47268/kanjoli.v1i1.9949
Usman, R. (2021). Makna Pengalihan Hak Kepemilikan Benda Objek Jaminan Fidusia Atas Dasar Kepercayaan. Journal.Uii.Ac.Id. https://doi.org/10.20885/iustum.vol28.iss1.art7
Zailani, A. U., & Hanun, N. L. (2020). PENERAPAN ALGORITMA KLASIFIKASI RANDOM FOREST UNTUK PENENTUAN KELAYAKAN PEMBERIAN KREDIT DI KOPERASI MITRA SEJAHTERA. Infotech: Journal of Technology Information, 6(1), Article 1. https://doi.org/10.37365/jti.v6i1.61
Zulfirman, Z. (2017). Hak Dasar Manusia Dalam Hukum Kontrak Indonesia: Analisis Kritis Syarat Kontrak. Jurnal Penelitian Hukum De Jure, 17(2), 155–176.
Andriyani, E. (2020). Eksekusi hak tanggungan atas perjanjian club deal yang memuat klausula cross collateral dan cross default [Masters, Universitas Pelita Harapan]. http://repository.uph.edu/10261/
Anshori, A. G. (2006). Pokok-Pokok Hukum Perjanjian Islam di Indonesia. Citra Media.
Arifin, M. (2020). MEMBANGUN KONSEP IDEAL PENERAPAN ASAS IKTIKAD BAIK DALAM HUKUM PERJANJIAN. Jurnal Ius Constituendum, 5(1), Article 1. https://doi.org/10.26623/jic.v5i1.2119
Bakung, D. A. H., Muhtar, M. H., & Amer, N. (2022). Comparative Analysis of Legal Policies Regarding Force Major During Covid-19 Pandemic in Indonesia and China. Batulis Civil Law Review, 3(1), 8–18. https://doi.org/10.47268/ballrev.v3i1.721
Bhakti, Y. S. (2018). Perlindungan Hukum bagi Pihak Kreditur dalam Perjanjian Kredit dengan Jaminan Fidusia. Journal.Fhupb.Ac.Id. https://journal.fhupb.ac.id/index.php/jhmb/article/view/17
Fauziah, A. (2021). Penempatan Hak Atas Merek Sebagai Objek Jaminan Tambahan Pada Lembaga Jaminan Fidusia. Ejournal.Unesa.Ac.Id. https://ejournal.unesa.ac.id/index.php/novum/article/view/41497
Godlewski, C. J., & Weill, L. (2011). Does Collateral Help Mitigate Adverse Selection? A Cross-Country Analysis. Journal of Financial Services Research, 40(1), 49–78. https://doi.org/10.1007/s10693-010-0099-y
Hadi, G., Nasution, B., Purba, H. P., & Barus, U. M. (2017). Penerapan Asas Itikad Baik dalam Perjanjian Sewa-menyewa (Studi terhadap Perjanjian Sewa Menyewa Oulet di Hermes Building Medan). USU Law Journal, 5(2), 164994. http://download.garuda.kemdikbud.go.id/article.php?article=1423655&val=4099&title=PENERAPAN%20ASAS%20ITIKAD%20BAIK%20DALAM%20PERJANJIAN%20SEWA-MENYEWA%20STUDI%20TERHADAP%20PERJANJIAN%20SEWA%20MENYEWA%20OULET%20DI%20HERMES%20BUILDING%20MEDAN
Harahap, T. K., Prayuti, Y., Latianingsih, N., Damanik, A., Maheni, T., Farida, I., Muhtar, M. H., & Mustaqim. (2023). PENGANTAR ILMU HUKUM. Penerbit Tahta Media. https://tahtamedia.co.id/index.php/issj/article/view/255
Isfardiyana, S. H. (2016). Sita Umum Kepailitan Mendahului Sita Pidana dalam Pemberesan Harta Pailit. Jurnal Beranda, 3(3). https://www.academia.edu/download/53401276/Sita_Pidana_dan_Sita_Umum_dlm_Kepailitan.pdf
Koto, I., & Faisal, F. (2021). Penerapan Eksekusi Jaminan Fidusia Pada Benda Bergerak Terhadap Debitur Wanprestasi. Journal of Education, Humaniora and Social Sciences (JEHSS), 4(2), Article 2. https://doi.org/10.34007/jehss.v4i2.739
Lambin, E. F., & Meyfroidt, P. (2011). Global land use change, economic globalization, and the looming land scarcity. Proceedings of the National Academy of Sciences, 108(9), 3465–3472. https://doi.org/10.1073/pnas.1100480108
Mahmud Marzuki, P. (2005). Penelitian Hukum. Kencana Prenada Media Group.
Marafwansyah, M., Bintang, S., & Darmawan, D. (2018). Perjanjian Baku dalam Perjanjian Sewa Beli Kendaraan Bermotor pada Perusahaan Pembiayaan di Kota Banda Aceh. Kanun Jurnal Ilmu Hukum, 20(2), Article 2. https://doi.org/10.24815/kanun.v20i2.10684
Martono, M. (2020). PROSEDUR EKSEKUSI JAMINAN FIDUSIA. Negara Dan Keadilan, 9(2), Article 2. https://doi.org/10.33474/hukum.v9i2.7389
Nugrohandini, D., & Mulyati, E. (2019). AKIBAT HUKUM GUGATAN DAN PERLAWANAN TERHADAP LELANG EKSEKUSI HAK TANGGUNGAN. Jurnal Bina Mulia Hukum, 4(1), Article 1.
Nursantih, N., & Sanusi, H. P. (2021). PENDAFTARAN TAGIHAN ATAS JAMINAN CROSS COLLATERAL DALAM PROSES PENUNDAAN KEWAJIBAN PEMBAYARAN UTANG. Reformasi Hukum Trisakti, 3(3), Article 3. https://doi.org/10.25105/refor.v4i3.13822
Renee, R. A. (2021). HIPOTEK SEBAGAI JAMINAN HAK KEBENDAAN SETELAH BERLAKUNYA UNDANG-UNDANG NOMOR 4 TAHUN 1996 TENTANG HAK TANGGUNGAN. LEX ET SOCIETATIS, 9(1), Article 1. https://doi.org/10.35796/les.v9i1.32193
RINGAN, C. D. B. (2020). EKSEKUSI IDEAL PERKARA PERDATA BERDASARKAN ASAS KEADILAN KORELASINYA DALAM UPAYA MEWUJUDKAN. Jurnal Penelitian Hukum De Jure, 20(3). http://download.garuda.kemdikbud.go.id/article.php?article=2191720&val=10487&title=Eksekusi%20Ideal%20Perkara%20Perdata%20Berdasarkan%20Asas%20Keadilan%20Korelasinya%20Dalam%20Upaya%20Mewujudkan%20Peradilan%20Sederhana%20Cepat%20dan%20Biaya%20Ringan
Sims, J. (1989). Developments in Agreements Among Competitors. Antitrust Law Journal, 58(2), 433–441. https://www.jstor.org/stable/40841241
Sinaga, R. Y., & Dyastuti, R. M. (2023). Eksistensi Jaminan Hak Tanggungan Sebagai Jaminan Cross Collateral. KANJOLI Business Law Review, 1(1), Article 1. https://doi.org/10.47268/kanjoli.v1i1.9949
Usman, R. (2021). Makna Pengalihan Hak Kepemilikan Benda Objek Jaminan Fidusia Atas Dasar Kepercayaan. Journal.Uii.Ac.Id. https://doi.org/10.20885/iustum.vol28.iss1.art7
Zailani, A. U., & Hanun, N. L. (2020). PENERAPAN ALGORITMA KLASIFIKASI RANDOM FOREST UNTUK PENENTUAN KELAYAKAN PEMBERIAN KREDIT DI KOPERASI MITRA SEJAHTERA. Infotech: Journal of Technology Information, 6(1), Article 1. https://doi.org/10.37365/jti.v6i1.61
Zulfirman, Z. (2017). Hak Dasar Manusia Dalam Hukum Kontrak Indonesia: Analisis Kritis Syarat Kontrak. Jurnal Penelitian Hukum De Jure, 17(2), 155–176.
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