EKSEKUSI JAMINAN FIDUSIA: ANALISIS KONFLIK NORMA DALAM UU NOMOR 42 TAHUN 1999 DAN PUTUSAN MAHKAMAH KONSTITUSI NO. 18/PUU-XVII/2019
Abstract
Law No. 42 of 1999 on Fiduciary Guarantees (UUJF) establishes fiduciary as one of the methods of collateral in debt transactions guaranteed by law to facilitate its execution. This ease is known as "parate executie," which allows creditors to sell or auction the fiduciary collateral if the debtor defaults. However, the process of executing fiduciary guarantees has undergone significant changes since the issuance of the Constitutional Court Decision No. 18/PUU-XVII/2019. This normative juridical research found a conflict of norms in the concept of fiduciary guarantees as a result of the decision. According to the UUJF, execution can be carried out voluntarily by the debtor in the event of a default. In contrast, the Constitutional Court Decision requires that the mechanism and legal procedures for executing the Fiduciary Guarantee Certificate must be conducted and enforced in the same manner as the execution of court decisions that have permanent legal force. This study examines the legal impact of the decision on the execution of fiduciary guarantees, as well as its implications for creditors and debtors in the execution of debt agreements in Indonesia.
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