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/).
Cite this article
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 -