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Ratification Of Law On Guarantee

Bill on Guarantee is officially adopted by the General Assembly of the Indonesian’s House of Representative (DPR RI) on 17 December 2015. As published in the website of DPR RI, www.dpr.go.id, the law on guarantee has been anticipated by the business community, particularly by micro and middle-scale business players and cooperative to face the ASEAN Economic Community (AEC), which is effective as of 1 January 2016.

The existence of Guarantee Law is the umbrella of guarantee activities. It gives hope to create a level playing a field which balances the other financial services and to increase the trust of  banking institution, financing institution and the people against security institution.


Source: http://www.dpr.go.id/berita/detail/id/11866