Mitigation of Legal Disputes on Business Contracts between Commercial Banks and Providers of Information Technology Goods and Services
Abstract
This research aims to translate Financial Services Authority Regulations into the clauses of business contracts between commercial banks and providers of information technology goods and services by harmonizing agreements with contractual law principles, especially to reach mutual agreements to mitigate legal disputes. The harmonization process starts from the planning, preparation, implementation, and contract termination stages. The research method used in this article is normative legal research, which aims to research, study, and analyze laws and regulations relating to banking, the OJK, and business contracts between banks and providers of information technology goods and services. This research will use several approaches, including a case approach, a statutory approach, and a conceptual approach. The results of this research emphasize the importance of banks providing standard business contracts that comply with the provisions in MRTI SEOJK to facilitate initial identification and the need for harmonization of clauses that require negotiation with information technology providers. In mitigation efforts, the Bank has considered to accept and control the risks after obtaining approval from management.
References
Abd Jamil, A. H., & Fathi, M. S. (2020a). Enhancing BIM-based information interoperability: Dispute resolution from legal and contractual perspectives. Journal of Construction Engineering and Management, 146(7), 05020007.
Armour, J., & Sako, M. (2020). AI-enabled business models in legal services: from traditional law firms to next-generation law companies? Journal of Professions and Organization, 7(1), 27–46.
Bartholomew, S. H. (2022). Construction contracting: Business and legal principles.
Bedir, C. (2020). Contract law in the age of big data. European Review of Contract Law, 16(3), 347–365.
Contractor, F. J., Dangol, R., Nuruzzaman, N., & Raghunath, S. (2020). How do country regulations and business environment impact foreign direct investment (FDI) inflows? International Business Review, 29(2), 101640.
Dejuan-Bitria, D., & Mora-Sanguinetti, J. S. (2021). Which legal procedure affects business investment most, and which companies are most sensitive? Evidence from microdata. Economic Modelling, 94, 201–220.
Ghodoosi, F. (2020). Fall of last safeguard in global dejudicialization: Protecting public interest in business disputes. Or. L. Rev., 98, 99.
Hacker, P., Krestel, R., Grundmann, S., & Naumann, F. (2020). Explainable AI under contract and tort law: legal incentives and technical challenges. Artificial Intelligence and Law, 28, 415–439.
Hill, G., Mason, J., & Dunn, A. (2021). Contract cheating: an increasing challenge for global academic community arising from COVID-19. Research and Practice in Technology Enhanced Learning, 16, 1–20.
Hoffman, D. A., & Hwang, C. (2021). The social cost of contract. Columbia Law Review, 121(3), 979–1016.
Holden, L. (2020). Cultural expertise and law: An historical overview. Law and History Review, 38(1), 29–46.
Howell, B. E., & Potgieter, P. H. (2021). Uncertainty and dispute resolution for blockchain and smart contract institutions. Journal of Institutional Economics, 17(4), 545–559.
Iswantoro, I. (2021). Strategy and Management of Dispute Resolution, Land Conflicts at the Land Office of Sleman Regency. Journal of Human Rights, Culture and Legal System, 1(1).
Jagannathan, M., & Delhi, V. S. K. (2020). Litigation in construction contracts: Literature review. Journal of Legal Affairs and Dispute Resolution in Engineering and Construction, 12(1), 03119001.
Kreitner, R. (2021). Speculations of contract, or how contract law stopped worrying and learned to love risk. In Governing Risks (pp. 439–481). Routledge.
Latorre, A. F. L. (2020). In defence of direct obligations for businesses under international human rights law. Business and Human Rights Journal, 5(1), 56–83.
Leonard, T., Pakpahan, E. F., Heriyati, L. K., & Handayani, I. G. A. K. R. (2020). Legal review of share ownership in a joint venture company. International Journal of Innovation, Creativity and Change, 11(8), 332–345.
Matompo, O. S. (2020). Legal Protection of Online Business Transaction (E-Commerce) During the Covid-19 Pandemic in Indonesia. Legal Standing: Jurnal Ilmu Hukum, 4(1), 146–154.
Munawir, Z. (2020). Legal Contract of Stall Lots to Support Business and Merchants Security. International Journal of Future Generation Communication and Networking, 13(2), 1683–1688.
Novera, A., & Utama, M. (2014). Dasar-Dasar Hukum Kontrak dan Arbitrase. Malang: Tunggal Mandiri.
Pujiyono, P., Waluyo, B., & Manthovani, R. (2020). Legal threats against the existence of famous brands a study on the dispute of the brand Pierre Cardin in Indonesia. International Journal of Law and Management, 63(4), 387–395.
Purnama, Y. (2019). Manajemen Risiko Hukum Pada Perbankan Syariah Di Indonesia. EKSISBANK (Ekonomi Syariah Dan Bisnis Perbankan), 3(1), 30–39.
Ramadhani, R., & Lubis, U. S. (2021). The Function of the Delimitation Contradictory Principle in the Settlement of Land Plot Boundary Disputes. International Journal Reglement & Society (IJRS), 2(3), 136–148.
Selden, S. R., Pickar, J. B., Hill, S. L., Purice, M., Pinsky, L., Villa Nova, P., Hamzah, H., Polkinghorne, M., Campbell, E., & Saunders, M. (2020). Contract Enforceability in the Age of Covid-19. Bus. L. Int’l, 21, 209.
Sharifi, S., Parvizimosaed, A., Amyot, D., Logrippo, L., & Mylopoulos, J. (2020). Symboleo: Towards a specification language for legal contracts. 2020 IEEE 28th International Requirements Engineering Conference (RE), 364–369.
Sinaga, N. A. (2019). Perjanjian Pengadaan Barang/Jasa Pemerintah Kaitannya Dengan Asas Keseimbangan Dalam Hukum Perjanjian. Jurnal Ilmiah Hukum Dirgantara, 9(2).
Sinaga, S., Siregar, G., & Hutabarat, L. (2020a). The Model Of Business Dispute Resolution On Electronic Transactions In Indonesia. Journal of Advanced Research in Dynamical and Control Systems, 12(6), 573–580.
Sjaiful, M. (2015). Karakteristik Asas Kebebasan Berkontrak dalam Perjanjian Berbasis Syariah. Perspektif Hukum, 68–84.
Steingold, F. S. (2022b). Legal Forms for Starting & Running a Small Business: 65 Essential Agreements, Contracts, Leases & Letters. Nolo.
Yusnanto, T., Machmudi, M. A., & Mustofa, K. (2019). Pengaruh Kerusakan Perangkat Penyimpanan Hardisk dan Flashdisk terhadap Virus Kaspersky Internet Security. Transformasi, 15(2).
Copyright (c) 2024 International Journal of Science and Society
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
.png)
.jpg)
.png)
.png)
.png)
.png)
1.png)
.jpg)
-modified.png)
-modified.png)
-modified.png)
