IJSRP, Volume 9, Issue 12, December 2019 Edition [ISSN 2250-3153]
Raden Ibnu Arly, HM Isnaeni, Hufron
Abstract:
The legal basic for sales auctions in Indonesia today is the Vendu Reglement Staatsblad (Law of Auction) in 1908 number 189 which is the highest source of auction law in Indonesia and is valid until now as the only “law” governing the procedures for conducting auctions in Indonesia. Vendu Reglement consists of 49 (forty nine) Articles, most of which are not valid or cannot be implemented anymore, because they cannot accomodate legal developments and the increasing role of the auction, with details : 9 Articles have been revoked, 19 Articles have been inactive, and 21 Articles are still active with various adjustments.