Utilization the Economic Value of Intellectual Property (Copyright) as Collateral Object in Indonesia
DOI:
https://doi.org/10.35335/legal.v11i5.562Keywords:
Copyright; Economic Value; GuaranteesAbstract
Intellectual property is the creator's exclusive right, which includes moral rights and economic rights. Economic rights contain economic (commercial) value. Government Regulation Number 24 of 2022 concerning the Creative Economy provides a platform for intellectual property assets to become objects of guarantee for financial institutions, through bank institutions and non-bank financial institutions to maximize their application in business activities. Fiduciary collateral institutions conduct the practice of financing intellectual property asset such as intangible assets as an object of guarantee in bank institutions by utilizing the economic value of intellectual property assets in accordance with the provisions of Article 16 paragraph (3) of Law Number 42 of 1999 concerning Fiduciary collateral, which naturally according the requirements of the object as material rights in accordance with the provisions of Article 499 of the Civil Code. Because of a lack of preparation by several relevant stakeholders, obstacles to the implementation of the use of economic value on intellectual property assets in intangible assets (copyright) have become a problem. In addition to the aspect of legal substance (strictness rule of intellectual property assets as objects of guarantee in each legislation), legal structure (lack of preparation of interested parties, especially the role of appraisal and legal audit service agencies in the valuation of intellectual property intangible assets) and legal culture (legal culture education on the introduction and understanding of intellectual property as an object of guarantee) have not been fully fulfilled. Awareness of each related party as well as regulatory reform through implementing regulations are required to ensure that this policy is implemented successfully.
Downloads
References
Adler, A. (2018). Why art Does Not Need Copyright. Geo. Wash. L. Rev., 86, 313.
Ardhianto, V. N. (2019). Peran Notaris dalam Pembuatan Akta HKI (Hak Kekayaan Intelektual) sebagai Objek Jaminan Fidusia bagi Masyarakat Umum. Al Qodiri: Jurnal Pendidikan, Sosial dan Keagamaan, 16(1), 205-223.
Bettig, R. V. (2018). Copyrighting Culture: The Political Economy of Intellectual Property. Routledge.
Denchev, S., Trencheva, T., & Zdravkova, E. (2019). Intellectual Property and Media Culture in Higher Education. In INTED2019 Proceedings (pp. 5814-5819). IATED.
Geiger, C., & Izyumenko, E. (2020). The Constitutionalization of Intellectual Property Law in the EU and the Funke Medien, Pelham and Spiegel Online Decisions of the CJEU: Progress, but Still Some Way to Go!. IIC-International Review of Intellectual Property and Competition Law, 51(3), 282-306.
Hasibuan, O. (2008). Hak Cipta di Indonesia: tinjauan Khusus, Hak Cipta Lagu, Neighbouring Rights, dan Collecting Society. Alumni.
Holland, M., Stjepandi?, J., & Nigischer, C. (2018, June). Intellectual Property Protection of 3D Print Supply Chain with Blockchain Technology. In 2018 IEEE International Conference on Engineering, Technology and Innovation (ICE/ITMC) (pp. 1-8). IEEE.
Ibrahim, Z. (2019). Impact of Regional Owned Enterprises to Economic Development-Empirical Study on 2015 in South Sumatera Province. International Journal of Civil Engineering and Technology, 10(7).
Jütte, B. J., & Quintais, J. (2019). Advocate General Turns Down the Music–Sampling is not a Fundamental Right under EU Copyright Law. European Intellectual Property Review.
Kahn, A., & Wu, X. (2020). Impact of Digital Economy on Intellectual Property Law. J. Pol. & L., 13, 117.
Kriyantono, R., Ida, R., Tawakkal, G. T. I., & Safitri, R. (2022). Not Just About Representative: When Democracy Needs Females and Their Competency to Run Indonesian Government Public Relations to Management Level. Heliyon, 8(1), e08714.
Kurnianingrum, T. P. (2017). Hak Kekayaan Intelektual sebagai Jaminan Kredit Perbankan (Intellectual Property as Banking Credit Guarantee). Negara Hukum: Membangun Hukum untuk Keadilan dan Kesejahteraan, 8(1), 31-54.
Mansfield, E. (2019). Intellectual Property, Technology and Economic Growth. In Intellectual Property Rights in Science, Technology, and Economic Performance (pp. 17-30). Routledge.
Mardhotillah, I. C. (2019). 5c Factor Analysis Aspects of the Designation of Lending of Working Capital in Pd. BPR Bank Regional Lamongan. Jurnal Studi Manajemen Dan Bisnis, 6(1), 1-7.
Mody, A. (2019). New International Environment for Intellectual Property Rights. In Intellectual Property Rights in Science, Technology, and Economic Performance (pp. 203-239). Routledge.
Oliar, D., & Stern, J. Y. (2019). Right on Time: First Possession in Property and Intellectual Property. BUL Rev., 99, 395.
Puspitaningtyas, A. (2012). Analisis Prinsip 5C dan 7P pada Penyaluran Kredit di PT. BRP antar Rumeksa Arta Karanganyar.
Sambe, N. N. (2016). Fungsi Jaminan Terhadap Pemberian Kredit oleh Pihak Bank Menurut Undang-Undang Nomor 10 Tahun 1998. Lex Crimen, 5(4).
Sharfina, N. H., Paserangi, H., Rasyid, F. P., & Fuady, M. I. N. (2021, October). Copyright Issues on the Prank Video on the Youtube. In International Conference on Environmental and Energy Policy (ICEEP 2021) (pp. 90-97). Atlantis Press.
Sudjana, M. (2012). Hak Cipta sebagai Jaminan Kebendaan Bergerak Dikaitkan dengan Pengembangan Obyek Fidusia. Mimbar Hukum-Fakultas Hukum Universitas Gadjah Mada, 24(3), 405-417.
Vey, B. L., Hawkins, C. M., Linder, L., Balthazar, P., Gichoya, J. W., Duszak Jr, R., & Prater, A. (2022). Intellectual Property: A Primer for Radiologists. Clinical Imaging.
Wijaya, S. G. (2010). Hak Cipta sebagai Objek Jaminan Utang dalam Perspektif Hukum Jaminan Indonesia (Doctoral dissertation, UNS (Sebelas Maret University)).
Yanto, O., Chen, Q. C., & Sari, N. W. (2022). Legal Protection on Economic Rights of Pirated Work of Songs in Intellectual Properties. Nagari Law Review, 6(1), 1-11.
Yudhistira, Y., Apriandi, M., & Lany, A. (2018). Implementasi Undang-Undang Nomor 28 Tahun 2014 tentang Hak Cipta sebagai Jaminan Kebendaan Bergerak Dikaitkan dengan Pengembangan Obyek Fidusia (Doctoral dissertation, Sriwijaya University).
