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Abstract
The auction process in the fiduciary guarantee execution system is integral to resolving debt-debt disputes involving movable goods collateral. This research aims to analyze the legal aspects related to implementing auctions in the execution of fiduciary guarantees, which refers to the provisions of Law No. 42/1999 on Fiduciary Guarantees. The main focus of this research is to examine the auction procedure, the rights and obligations of the parties involved, and potential disputes that may arise during the process. In addition, this study evaluates the applicability of precautionary principles and the protection of debtor rights in executing auctions. The analysis results show that although the law has regulated the execution of fiduciary guarantees in detail, some challenges remain, such as unclear auction procedures and potential abuse of authority by creditors. Therefore, this study recommends stricter law enforcement and strengthening supervisory mechanisms in the auction process to protect debtors' rights and achieve justice.
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References
- Abdulkadir Muhammad, Contract Law, Bandung: Alumni, 1982, p. 20.
- Ahmad Sanusi, “Registration of Fiduciary Guarantees and Their Legal Consequences (A Normative Review),” Scientific Journal of Legal Policy, Vol 7 No. 1, March 2013, p. 74.
- Arba, Diman Ade Mulada, Mortgage Law: Mortgage Rights on Land and Objects Thereon, East Jakarta: Sinar Grafika, 2020, p. 3.
- Asnul, Constitutional Court Decision Number 18/PUU-XVII/2019: What are the Implications for the Auction Business Process?, Bekasi: Ministry of Finance of Indonesia, 2020, https://www.djkn.kemenkeu.go.id/kpknl-bekasi/baca-artikel/12953/Putusan-Mahkamah-Konstitusi-Nomor-18puu-Xvii2019-Apa-Implikasinya-Bagi-Proses-Bisnis-Lelang.html, accessed December 17, 2024.
- Kasmir, Banks and Other Financial Institutions, Sixth Edition, Jakarta: Raja Grafindo Persada, 2002, p. 25.
- Mariam Darus Badrulzaman, Bank Credit Agreement, Bandung: Alumni, 1989, p. 28.
- R. M. Suryodiningrat, Principles of Contract Law, Bandung: Tarsito, 1985, p. 17.
- R. Subekti, Contract Law, Jakarta: Intermasa, 2014, p. 1.
- R. Subekti, Guarantees for the Granting of Credit According to Indonesian Law, Bandung: Alumni, 1986, p. 13.
- Rachmadi Usman, Civil Guarantee Law, Jakarta: Sinar Grafika, 2009, p. 235.
- Salim H.S., Development of Guarantee Law in Indonesia, Jakarta: Rajawali Pers, 2004, p. 21.
- Salim H.S., Development of Guarantee Law in Indonesia, Jakarta: Raja Grafindo Persada, 2004, pp. 33-34.
- Shinta Andriyani, Implementation of Fiduciary Guarantee Execution at Perum Pegadaian Semarang City, Thesis at Postgraduate Program of Diponegoro University, Semarang: UNDIP, 2007, p. 7.
- Soerjono Soekanto, Introduction to Legal Research, Jakarta: UI Press, 2010, p. 51.
- Law Number 17 of 2003 Concerning State Finance.
- Wirjono Prodjodikoro, Civil Law Concerning Certain Agreements, Bandung: Sumur Bandung, 2003, p. 12.e
References
Abdulkadir Muhammad, Contract Law, Bandung: Alumni, 1982, p. 20.
Ahmad Sanusi, “Registration of Fiduciary Guarantees and Their Legal Consequences (A Normative Review),” Scientific Journal of Legal Policy, Vol 7 No. 1, March 2013, p. 74.
Arba, Diman Ade Mulada, Mortgage Law: Mortgage Rights on Land and Objects Thereon, East Jakarta: Sinar Grafika, 2020, p. 3.
Asnul, Constitutional Court Decision Number 18/PUU-XVII/2019: What are the Implications for the Auction Business Process?, Bekasi: Ministry of Finance of Indonesia, 2020, https://www.djkn.kemenkeu.go.id/kpknl-bekasi/baca-artikel/12953/Putusan-Mahkamah-Konstitusi-Nomor-18puu-Xvii2019-Apa-Implikasinya-Bagi-Proses-Bisnis-Lelang.html, accessed December 17, 2024.
Kasmir, Banks and Other Financial Institutions, Sixth Edition, Jakarta: Raja Grafindo Persada, 2002, p. 25.
Mariam Darus Badrulzaman, Bank Credit Agreement, Bandung: Alumni, 1989, p. 28.
R. M. Suryodiningrat, Principles of Contract Law, Bandung: Tarsito, 1985, p. 17.
R. Subekti, Contract Law, Jakarta: Intermasa, 2014, p. 1.
R. Subekti, Guarantees for the Granting of Credit According to Indonesian Law, Bandung: Alumni, 1986, p. 13.
Rachmadi Usman, Civil Guarantee Law, Jakarta: Sinar Grafika, 2009, p. 235.
Salim H.S., Development of Guarantee Law in Indonesia, Jakarta: Rajawali Pers, 2004, p. 21.
Salim H.S., Development of Guarantee Law in Indonesia, Jakarta: Raja Grafindo Persada, 2004, pp. 33-34.
Shinta Andriyani, Implementation of Fiduciary Guarantee Execution at Perum Pegadaian Semarang City, Thesis at Postgraduate Program of Diponegoro University, Semarang: UNDIP, 2007, p. 7.
Soerjono Soekanto, Introduction to Legal Research, Jakarta: UI Press, 2010, p. 51.
Law Number 17 of 2003 Concerning State Finance.
Wirjono Prodjodikoro, Civil Law Concerning Certain Agreements, Bandung: Sumur Bandung, 2003, p. 12.e