The Outbreak of Covid-19 as an Overmacht Claim in Credit Agreements

Tjoanda, Merry; Hetharie, Yosia; Pariela, Marselo Valentino Geovani; Sopamena, Ronald Fadly

doi:10.25041/fiatjustisia.v15no1.2195

Cited by 4 publications

(3 citation statements)

References 1 publication

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“…As the authors have described above, the actions that debtors can take to avoid default on creditors in a credit agreement in a Covid-19 pandemic are to carry out payment obligations to credit agreements for debtors who are not affected by the Covid-19 pandemic and for creditors those who affected by the Covid-19 Pandemic apply for relaxation or debt restructuring of credit agreements to banking institutions as creditors with the conditions determined by POJK Number 48/POJK.03/2020 (Mukti & Fitriana, 2022;Tjoanda et al, 2021).…”

Section: Actions That Can Be Taken By Debtors To Avoid Default Action...mentioning

confidence: 99%

Analysis of Debtor's Efforts in Settlement or Implementing Credit Obligations During the Non-Natural National Disasters of the Covid-19 Pandemic

Barus

Chandra

Sinaulan

2022

POLRI

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Due to Covid-19 pandemic many debtors unable to fulfill their obligations to creditors in a credit agreement. Such conditions rising the opinion and/or use the Covid-19 Pandemic as an excuse for debtor not to fulfill their obligations to creditors in a credit agreement on the grounds of forced circumstances (overmacht). This study aims to find out the debtor's efforts in settlement or implementing credit obligations during the non-natural national disasters of the covid-19 pandemic. The type of research used is normative legal studies, which are conducted through a process of legislation and regulatory evaluation. In terms of technique, scientifically normative legal science disclosure methods are constrained by deductive logic criteria. This study employed normative legal research methods. This method investigates law from an internal juridical standpoint, examining legal norms, legal conceptions, legal principles, and legal doctrines. The technique taken in this research is a legal and conceptual one, with primary and secondary legal material sources. The technique for collecting legal materials is to assess all books relevant to the subject of the research, and then compile them in a quantifiable and systematic manner. The findings highlight that with the prevailing laws and regulations due to the Covid-19 Pandemic, business actors are given legal certainty for business loans made in this case debtors, both individual debtors and business entity debtors, so that the impact of credit risk caused by the Covid-19 pandemic can be overcome properly and does not cause a debate over credit conditions during the Covid-19 Pandemic.

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Section: Actions That Can Be Taken By Debtors To Avoid Default Action...mentioning

confidence: 99%

Analysis of Debtor's Efforts in Settlement or Implementing Credit Obligations During the Non-Natural National Disasters of the Covid-19 Pandemic

Barus

Chandra

Sinaulan

2022

POLRI

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“…The government's restructuring policy to consumer financing still creates problems for Islamic banks because many customers have complained that banks are still obliged to pay monthly installments. They know the relief in the form of "postponement of installments" and "reduced interest," as conveyed by the President (Tjoanda, 2021). Policies achieved through finance are still looking to be safe from losses, consumer difficulties, and other potential risks.…”

Section: Adjustment Of Troubled Financing Contracts For Islamic Banks...mentioning

confidence: 99%

Implementation of Hardship Principles on Financing Agreements Islamic Bank Due to Corona Virus Disease 2019

Sinilele¹,

Suriyadi²,

Alim³

2022

JHN

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Introduction toThe Problem: This research analyzes covid-19, designated a disaster by the Indonesian government, especially its correlation to finance agreements in Islamic banks. The determination of disaster raises the question of whether covid-19 is a force majeure or hardship. According to Financial Service Authority (OJK), non-performing financing in Islamic banks is increased. Implementation of Force majeure principle to finance agreement in Islamic bank as a government policy is not right decision. Purpose/Objective Study: this legal research aims to analyze the effects of the coronavirus disease 2019 on finance agreements in Islamic banks and how is the implementation due covid-19 to renegotiation of finance agreement force majeure principle or hardship principle. Design/Methodology/Approach: This legal research is a normative legal study with two approaches: statute and conceptual approaches. Primary sources from Finance agreements in Islamic banks and statutes/rules. Secondary sources are books, journals, research, and dictionary. The legal analysis is carried out by classification of primary and secondary sources using the statute and conceptual approaches. Findings: The spread of the covid-19 virus has had many impacts on the ability of Islamic bank debtors to carry out their achievements due to the difficult conditions experienced due to restrictions by the government. The determination of the status of covid-19 as a disaster has implications for the occurrence of forced circumstances, so it is necessary to make adjustments to the situation based on the principle of hardship for financing agreements with Islamic banks. The occurrence of hardship for sharia bank customers provides an opportunity for customers to apply for contract renegotiation in the context of adjusting problematic contracts in the form of rescheduling, reconditioning, or restructuring.

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“…8 Hal ini berkaitan pula dengan asas Pacta Sun Servanda yang mengandung pengertian bahwa perjanjian itu merupakan undang-undang bagi para pihak. 9 Perjanjian ditetapkan sebagai "hubungan hukum antara dua pihak atau lebih berdasarkan kesepakatan dengan akibat hukum. 10 Dalam hal sahnya suatu perjanjian tentu harus mengacu pada ketentuan yang termaktub dalam Pasal 1320 KUH Perdatayaitu : kesepakatan antara para pihak, kecakapan dalam membuat suatu perikatan, adanya suatau pokok persoalan tertentu dan adanya suatu sebab yang tidak terlarang.…”

Section: Aspek Hukum Perjanjian Dalam Praktek Rentenir Berkedok Koper...unclassified

Prakter Rentenir Berkedok Koperasi Simpan Pinjam Pada Masa Pandemik Covid-19 Ditinjau Dari Hukum Perjanjian

Hetharie

2021

Bacarita

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Penelitian ini bertujuan untuk mengkaji dan menganalisis praktek rentenir berkedok koperasi simpan pinjam di masa pandemik covid-19 ditinjau dari aspek hukum perjanjian. Dampak dari pandemik covid-19 inilah yang mengakibatkan sangat sulitnya pendapatan atau penghasilan dari masyarakat, sehingga muncul perbuatan-perbuatan yang menghalalkan segala cara untuk mendapatkan pengahasilan tersebut. Salah satunya dengan berhutang pada sistem koperasi simpan pinjam yang tidak sesuai dengan ketentuan perundang-undangan yaitu pada rentenir. Penelitian ini bersifat normatif, dengan menggunakan pendekatan perundang-undangan â€œstatute approachâ€ dan menggunakan pendekatan konseptual â€œconceptual approachâ€untuk mengkaji dan menganalisis permasalahan yang ada. Perjanjian yang dibuat dalam praktek rentenir berkedok koperasi di masa pandemik covid-19 merupakan perbuatan yang dilakukan atas dasar itikad tidak baik untuk mendapatkan keuntungan dari apa yang dilakukannya. Praktek rentenir berkedok koperasi simpan pinjam tersebut merupakan perbuatan ilegal yang belum diatur secara tegas dalam peraturan perundang-undangan, perjanjian yang muncul dari prakltek rentenir yang berkedok koperasi melanggar esensi syarat sah perjanjian yang ke empat yang ada dalam Pasal 1320 point 4 yaitu harus didasarkan pada suatu sebab yang tidak dilarang.

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The Outbreak of Covid-19 as an Overmacht Claim in Credit Agreements

Cited by 4 publications

References 1 publication

Analysis of Debtor's Efforts in Settlement or Implementing Credit Obligations During the Non-Natural National Disasters of the Covid-19 Pandemic

Analysis of Debtor's Efforts in Settlement or Implementing Credit Obligations During the Non-Natural National Disasters of the Covid-19 Pandemic

Implementation of Hardship Principles on Financing Agreements Islamic Bank Due to Corona Virus Disease 2019

Prakter Rentenir Berkedok Koperasi Simpan Pinjam Pada Masa Pandemik Covid-19 Ditinjau Dari Hukum Perjanjian

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