Yang Dimaksud Loan Agreement

If a loan agreement is concluded by the Indonesian government with a party that is not subject to international law, such as foreign entrepreneurs, multinational companies, etc., then the loan agreement with this constellation is included in the field of international civil law. Credit agreements are generally governed by international civil law. However, Damos noted that with the change in the application of the applicable law in credit agreements in its development, the ministry can no longer be used as a reference. Also in the creation of the PI Researchers Act, credit agreements are included as one of the international agreements, provided they meet the requirements of the Researchers and Interests Act. Subject to the terms of this Agreement, the Creditor undertakes to make available to the Credit Facility the amount set out in Annex I to this Agreement, which will be paid by the Promoter into the Borrower`s bank account in accordance with Annex I of this Agreement via the Lender`s virtual account. Thus, this Agreement is signed using electronic signatures as defined in Law No. 11 of the Republic of Indonesia of 2008 on Electronic Information and Transactions by the Parties or their legal representatives on the date specified at the beginning of this Agreement. It can be concluded that the IP law can only apply to international agreements in the public sense, the element of which is the same: the credit agreement or the loan agreement is a contract between the borrower and the lender that regulates the rights and obligations associated with it. The loan agreement as a foreign loan agreement operates in the same way as the law that applies to the parties who agree to enter into the agreement.

Questions relating or not to the legal terms of the loan agreement relate to the full validity of the agreement in general, as strictly as provided for by Indonesian law in Article 1320 of the Civil Code, which requires a valid agreement that (1) undertakes to bind itself in an agreement; (2) the ability to enter into the agreement; (3) a specific thing and (4) a legitimate cause. Ultimately, the Indonesian government, as a borrowing country, must certainly understand the regulations of the state or PPLN organization, but in this case, it must also remember that when the loan agreement is signed to see the effects that are caused by it, it does not want the country/national services not to benefit from procurement projects that will make the nation prosper. A great dream of the Indonesian nation has special provisions regarding the purchase of goods / services from the loan agreement from the date of this contract until the repayment of all obligations owed by the borrower to the lender, the loanee is prohibited to have rights and obligations under this agreement, the terms and conditions and privacy policy (including rights and obligations and additional documents) at a party. “An international treaty is a treaty in a particular form and name, governed by international law, which is concluded in writing and which establishes rights and obligations in the field of public law. In addition, if it is further emphasized that in Presidential Decree No. 54 of 2010 on the Purchase of Goods/Services, the Government requires that what is used be in accordance with Indonesian law with national interests, in addition, in the Directive on Public Procurement elaborated by the State or the PPLN organization, international law with various provisions that are more favorable to the country. . . .