Justice Aspects of Financial Service Authorities’s Competence for Bankruptcy and PKPU of Financial Service Institutions Based on Law No. 4 Year 2023

Suwinto Johan, A. Gunadi
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Abstract

The Law on the Development and Strengthening of the Financial Sector was legalized by President Joko Widodo. The Act is known as Law No. 4 of 2023 often known as the P2SK Law, which stipulates that the Financial Services Authority or Otoritas Jasa Keuangan (OJK) is the only party that has the authority to file for bankruptcy and postpone debt payment obligations for financial service institutions. This research will provide novelty, especially on the definition of justice in the financial services sector, especially related to the interests of consumers and creditors with regulatory authority.This right has eliminated the creditor rights of insolvent financial service institutions. Creditors do not have any rights or legal action against defaulting or insolvent financial institutions. This research aims to examine the authority of OJK over bankruptcy and PKPU of Financial Services Institutions and justice for other creditors dan consumers according to the OJK’S authority. This researchers employed the normative juridical method. This study concluded that the authority of the OJK must be reviewed with consideration of the authority already possessed by the OJK, practical conditions in the business world specifically for financial service institutions, and the position and rights of creditors for loans to financial service institutions. The results of the study also found that the authority of the Financial Services Authority did not reflect the value of justice for consumers and creditors
基于2023年第4号法律的金融服务机构破产权限与金融服务机构PKPU的司法问题
佐科·维多多总统将《发展和加强金融部门法》合法化。该法案被称为2023年第4号法律,通常被称为P2SK法律,该法律规定金融服务管理局或Otoritas Jasa Keuangan(OJK)是唯一有权申请破产并推迟金融服务机构偿债义务的一方。这项研究将提供新颖性,特别是关于金融服务部门司法的定义,特别是与消费者和监管机构债权人的利益有关的定义。这项权利消除了破产金融服务机构的债权。债权人对违约或资不抵债的金融机构没有任何权利或法律行动。本研究旨在检验OJK对破产和金融服务机构PKPU的权威,以及根据OJK的权威为其他债权人和消费者伸张正义。本研究采用规范的司法方法。这项研究得出的结论是,审查OJK的权限时,必须考虑OJK已经拥有的权限、商业世界中专门针对金融服务机构的实际条件,以及债权人对金融服务机构贷款的地位和权利。研究结果还发现,金融服务管理局的权威并没有反映出为消费者和债权人伸张正义的价值
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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