Today’s Legal Enlightenment (Sunday, May 1, 2022)

by | May 12, 2022 | Legal Enlightenment | 0 comments

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Today’s Legal Enlightenment (Sunday, May 1, 2022) – “VALUATION OF MONEY MUST BE DONE USING THE GOLD PRICE”

According to the Supreme Court’s jurisprudence, the assessment must be conducted using the gold price at the time the amount was determined by the District Court, namely on 11 July 1963 and the current gold price (implementation) by imposing the risk due to the assessment to both parties in half. In this case, the Supreme Court decided that the amount of IDR 2,650,000 listed in point No.2 was read IDR 441,666/now. The price of 1 gram of gold in 1963 was around IDR 1,800 and now it is IDR 600.

Supreme Court Decision No. 74 K/Sip/1969 dated June 14, 1969

Regards,

Fredrik J. Pinakunary


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