Importance of Fiduciary Guarantee Registration for Parties Based on Law No. 42 of 1999 on Fiduciary Guarantee

DOI

10.2991/aebmr.k.200513.004How to use a DOI?

Keywords

registration, fiduciary guarantee

Abstract

The emergence of fiduciary guarantees as they are known so far in the form of “Fiduciare Eigendom Overdracht” (surrender of ownership rights in trust) because the provisions of the law governing pawn contain many shortcomings, do not meet the needs of the community and do not follow the development of the community. Law No. 42 of 1999 is intended to accommodate the needs of the community regarding fiduciary security arrangements as a means to assist business activities and to provide legal certainty to the parties concerned. According to the fiduciary guarantee law there is an obligation to register objects burdened with fiduciary guarantees at the fiduciary registration office (regional office of the legal and human rights department). With the registration of fiduciary guarantees provide legal certainty and protection for the parties, namely fiduciary recipients, fiduciary givers and third parties.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Agnes Maria Janni Widyawati
PY  - 2020
DA  - 2020/05/20
TI  - Importance of Fiduciary Guarantee Registration for Parties Based on Law No. 42 of 1999 on Fiduciary Guarantee
BT  - Proceedings of the International Conference on Law, Economics and Health (ICLEH 2020)
PB  - Atlantis Press
SP  - 16
EP  - 19
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200513.004
DO  - 10.2991/aebmr.k.200513.004
ID  - Widyawati2020
ER  -