Implementation of Fiduciary Guarantee Execution for Defaulting  Debtors After the Decision of The Constitutional Court Number:  18/Puu-Xvii/2019

Regina Wydya Prameswari; Mhd. Yadi Harahap

doi:10.55637/elg.6.1.10764.150-155

Regina Wydya Prameswari Universitas Islam Negeri Sumatera Utara
Mhd. Yadi Harahap Universitas Islam Negeri Sumatera Utara

DOI: https://doi.org/10.55637/elg.6.1.10764.150-155

Keywords: Fiduciary Guarantee, Execution, Default

Abstract

The purpose of this study is to examine the enforcement of fiduciary promises against
defaulting debtors following the Constitutional Court ruling Number 18/PUU-XVII/2019. The regulations
pertaining to the registration of fiduciary guarantees, which was previously regarded as a necessary
prerequisite for the guarantee's validity, were changed by this ruling. Using a library research approach,
this study examines numerous legal sources, rules, and relevant literature to comprehend the legal
modifications brought about by the decision. The study's primary focus is on the legal ramifications for
creditors' and debtors' rights, as well as how the Constitutional Court's decision impacts the process of
executing fiduciary assurances against defaulting debtors. The findings indicate that, while the verdict
allows for greater flexibility in fiduciary registration, execution confronts procedural and creditor
protection issues. In order to provide equitable legal protection for both parties, this study makes
suggestions for enhancing the fiduciary guarantee implementation mechanism after the verdict.

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