Jayabaya University Professor Emphasises Peace in Bankruptcy Legal System
Jakarta (ANTARA) - Academics have reminded of the importance of developing the concept of peace in the bankruptcy legal system to encourage more just and sustainable resolutions.
Prof. Yuhelson, Professor of Bankruptcy Law at Jayabaya University, in his inaugural scientific oration in Jakarta on Wednesday (15/4), stated that the main objective of bankruptcy law is not merely liquidation, but prioritising peace between debtors and creditors.
“This approach aligns with developments in modern law that not only emphasise legal certainty, but also broader economic benefits, such as business continuity, job creation, and market stability,” said Yuhelson in a statement received in Jakarta on Thursday.
He explained that the reconstruction of contemporary bankruptcy law positions peace as via pacis or the peaceful path that prioritises distributive justice for all parties.
According to him, the ideas presented by Yuhelson are hoped to provide positive contributions to the development of law in resolving bankruptcy disputes.
“May his knowledge benefit society, the nation, and the state,” said Prof. Abdul.
He added that the dual role as an academic and practitioner becomes a strength in bridging theory and legal practice.
“Through various academic activities carried out, Yuhelson has also developed studies in economic law with a focus on the dynamics of the relationship between debtors and creditors in the modern legal system,” said Harris.
“Hopefully, the knowledge gained can be applied to all of society, especially as a professor at Jayabaya University who has academic obligations, namely how to nurture lower strata to catch up,” said Prof. Fauzie.
In his scientific oration titled “Summum Bonum in Contemporary Bankruptcy Law: Reconstruction of the Peace Paradigm as Via Pacis of Distributive Justice”, Yuhelson also highlighted the paradigm shift in Indonesia’s bankruptcy law from a liquidation orientation towards business rescue (corporate rescue).