Optimization of Artificial Intelligence to Address Injustice in Bankruptcy Requirements between State-Owned

Injustice in bankruptcy requirements between State-Owned Enterprises and private companies creates legal uncertainty and unfair treatment in restructuring processes. State-Owned Enterprises often receive more protection compared to private companies, even though both are subject to Law No. 37 of 2004 on Bankruptcy and Suspension of Debt Payment Obligations. Article 2 paragraph (5) of this law stipulates that bankruptcy petitions against State-Owned Enterprises operating in the public interest can only be filed by the Minister of Finance, resulting in unequal legal treatment and raising questions about fairness in the bankruptcy system in Indonesia. This disparity negatively impacts business competition and public trust in the legal system. The purpose of this study is to analyze the injustice in bankruptcy requirements between State-Owned Enterprises and private companies, as well as to explore how artificial intelligence can be integrated to address these issues. The research method used is normative juridical, using a statutory approach and an analytical approach. The research findings indicate that the injustice in bankruptcy requirements is primarily caused by the differing legal treatment and policies that favor State-Owned Enterprises. The utilization of AI in bankruptcy data analysis and decision-making can assist in identifying patterns of injustice and provide more equitable and transparent recommendations. Artificial intelligence has the potential to address injustices in bankruptcy requirements between state-owned enterprises and private companies by enhancing transparency, accuracy, and fairness in legal processes. Its implementation requires clear regulatory support and collaboration among the government, legal institutions, and the private sector.

Authors

Institutions

Publication Details

Journal
Journal Research of Social Science Economics and Management
Published
2024-11-22
DOI
https://doi.org/10.59141/jrssem.v4i4.746
Primary Topic
Indonesian Legal and Regulatory Studies
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Optimization of Artificial Intelligence to Address Injustice in Bankruptcy Requirements between State-Owned

Naek MT Siringoringo
Journal Research of Social Science Economics and Management
Indonesian Legal and Regulatory Studies
article

Optimization of Artificial Intelligence to Address Injustice in Bankruptcy Requirements between State-Owned

Naek MT Siringoringo
article en

Abstract

Injustice in bankruptcy requirements between State-Owned Enterprises and private companies creates legal uncertainty and unfair treatment in restructuring processes. State-Owned Enterprises often receive more protection compared to private companies, even though both are subject to Law No. 37 of 2004 on Bankruptcy and Suspension of Debt Payment Obligations. Article 2 paragraph (5) of this law stipulates that bankruptcy petitions against State-Owned Enterprises operating in the public interest can only be filed by the Minister of Finance, resulting in unequal legal treatment and raising questions about fairness in the bankruptcy system in Indonesia. This disparity negatively impacts business competition and public trust in the legal system. The purpose of this study is to analyze the injustice in bankruptcy requirements between State-Owned Enterprises and private companies, as well as to explore how artificial intelligence can be integrated to address these issues. The research method used is normative juridical, using a statutory approach and an analytical approach. The research findings indicate that the injustice in bankruptcy requirements is primarily caused by the differing legal treatment and policies that favor State-Owned Enterprises. The utilization of AI in bankruptcy data analysis and decision-making can assist in identifying patterns of injustice and provide more equitable and transparent recommendations. Artificial intelligence has the potential to address injustices in bankruptcy requirements between state-owned enterprises and private companies by enhancing transparency, accuracy, and fairness in legal processes. Its implementation requires clear regulatory support and collaboration among the government, legal institutions, and the private sector.

Journal Research of Social Science Economics and ManagementVol. 4(4)
Universitas Borobudur (ID)
Peace, Justice and strong institutions
Openalex Percentile: Top 67%
Indonesian Legal and Regulatory Studies
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.