Permohonan Pernyataan Pailit Terhadap Perusahaan Modal Ventura Yang Tidak Memiliki Izin

One of many cases in point of controversial bankruptcy was the case of bankruptcy statement and debt rescheduling of PT Brent Ventura (BV). Overall, nine applications submitted against this company have been rejected by the judges of the commercial court, it made certain assumptions that PT BV was immune from the debt rescheduling process and bankruptcy as in Decision of Commercial Court Number 50/Pdt.Sus.Pailit/2014/PN.Niaga.Jkt. Pst. The inaccuracy of the consideration of the decision became the core analysis in this normative research using case studies and conceptual approach. To summarize, the analysis result of Decision of Commercial Court Number 50/Pdt. Sus. Pailit/2014/PN.Niaga.Jkt.Pst that there were some inaccuracies in the legal considerations of the court decision. The judges considered that PT BV was a venture capital company under the supervision of the Otoritas Jasa Keuangan (OJK) and the bankruptcy petition could only be fi led by the OJK. In conclusion, the consideration of the judges was inaccurate due to such restrictions only applied to debtors whose business activities related to public interest, which was MTN publishing was not included in the scope of activities. Hence, petition of bankruptcy statement to PT BV could be filed by individual or legal entities other than OJK.

Sri Lanka will count on IMF help and debt rescheduling

Subject Impact of COVID-19 on Sri Lanka's debt situation. Significance Sri Lanka depends heavily for its foreign exchange on remittances and tourism, both of which have been hit hard by the COVID-19 crisis. Even before the pandemic, the country was struggling with debt and reliant on IMF support to shore up its economy. Impacts President Gotabaya Rajapaksa’s government will pursue balanced diplomacy, seeking strong ties with both Beijing and Delhi. Prime Minister Mahinda Rajapaksa will likely secure a mandate for a full term as premier in a parliamentary election scheduled for June. Colombo will struggle to cast aside its dependence on short-term borrowing.

TERSESAT NOMINA “VENTURA”

ABSTRAKSalah satu kasus kepailitan yang kontroversial adalah kasus permohonan pernyataan pailit dan penundaan kewajiban pembayaran utang terhadap PT BV. Secara keseluruhan, sembilan permohonan yang telah diajukan terhadap perusahaan ini ditolak oleh majelis hakim pengadilan niaga, sehingga menimbulkan kesan bahwa PT BV kebal dari proses penundaan kewajiban pembayaran utang dan kepailitan sebagaimana dalam Putusan Nomor 50/Pdt.Sus.Pailit/2014/PN.Niaga.Jkt. Pst. Ketidakcermatan majelis hakim dalam putusan tersebut menjadi permasalahan yang dikaji dalam penelitian normatif yang menggunakan pendekatan studi kasus dan pendekatan konseptual ini. Analisis Putusan Nomor 50/Pdt.Sus.Pailit/2014/PN.Niaga.Jkt.Pst menyimpulkan beberapa ketidakcermatan majelis hakim dalam pertimbangan hukumnya. Majelis hakim secara apriori menyimpulkan status bidang usaha dari dari kata "ventura" yang melekat pada nama badan hukum perusahaan, dan secara langsung mengaitkannya dengan ketentuan pembatasan hak mengajukan permohonan pernyataan pailit terhadap lembaga keuangan. Majelis hakim tidak cermat dalam menilai fungsi medium term notes dengan menyatakan medium term notes sebagai instrumen yang digunakan PT BV untuk menjalankan bidang usahanya, yaitu menghimpun dana masyarakat. Selain itu majelis hakim juga menyimpulkan PT BV sebagai perusahaan modal ventura yang berada di bawah pengawasan Otoritas Jasa Keuangan, sehingga hanya dapat diajukan pailit oleh Otoritas Jasa Keuangan. Pertimbangan ini tidak cermat karena pada kenyataannya pembatasan tersebut hanya berlaku terhadap debitor yang bidang usahanya berkaitan dengan kepentingan masyarakat luas, yang mana bidang usaha perusahaan modal ventura tidak termasuk di dalamnya.Kata kunci: lembaga kepailitan, hak mengajukan permohonan pernyataan pailit, perusahaan modal ventura. ABSTRACT One of many cases in point of controversial bankruptcy is the case of bankruptcy statement and debt rescheduling for PT BV. Overall, nine applications submitted against this company have been rejected by the judges of the commercial court, suggesting that PT BV is immune from the debt rescheduling process and bankruptcy as in Decision Number 50/Pdt.Sus.Pailit/2014/PN.Niaga.Jkt. Pst. The inaccuracy of the panel of judges in the decision becomes the core problems examined in this normative research using case studies and conceptual approach. From the analysis of Court Decision Number 50/Pdt.Sus.Pailit/2014/PN.Niaga.Jkt.Pst, it can be concluded that there are some inaccuracies of the panel of judges in their legal considerations. The panel of judges in a priori way deducing the status of the business field from the term "ventura" attached to the name of the corporate legal entity, and directly linking it to the provisions on limiting rights to submit a bankruptcy statement for financial institutions. The panel of judges was also not careful in assessing the function of medium term notes and stated that medium term notes was an instrument used by PT BV in raising public funds as its line business. Also, the panel of judges also concluded that PT BV was a venture capital company under the supervision of the Otoritas Jasa Keuangan and could only be filed for bankruptcy by the Otoritas Jasa Keuangan. This consideration is not accurate because such restrictions apply only to debtors whose scope of business relating to the public interest, not including the venture capital company's business scopes. Keywords: bankruptcy institution, right to file for bankruptcy statements, venture capital company.

The Story Behind Bankruptcy: When Business Gets Personal

The number of bankruptcies in a specific period, and levels of debt, are well documented but little is known about the consequences of bankruptcies beyond the numbers. In this study, Dutch entrepreneurs who went through debt rescheduling after personal bankruptcy, were interviewed in order to gain an understanding of the private, personal and social implications of bankruptcy. Recently, systematic investigations of the implications of bankruptcy have been published. However, research has not yet taken the phenomenological experience of the bankrupt entrepreneur into account. Insights into these experiences are of critical importance for obtaining a comprehensive understanding of the impact of the bankruptcy process, and for engaging in a meaningful reform of bankruptcy law. During the interviews in this study, the entrepreneurs reflected on the early days of their business venture, the moment of first detecting the prospect of business failure, their personal experiences during business failure, and the aftermath of bankruptcy and debt rescheduling. The findings indicate that a bankruptcy experience can be compared to losing a loved one: a psychological process similar to mourning. The findings show that a lack of empathy, respect and transparency by formal institutional representatives such as judges, trustees and administrators is seen by the entrepreneurs as ‘emotional punishment’, and can be considered as a major source of their grief. Because of this grief, the bankruptcy and debt rescheduling experience can be extremely stressful causing severe psychological and physical distress. Implications for theory and practice are discussed.