TEMPO.CO, Jakarta - Less than a month after taking effect, the amended Law No. 4/2026 on Financial Sector Development and Strengthening (P2SK) has already been challenged before Constitutional Court.
The petitioner is attorney Muhammad Hafidz, who filed a judicial review against Article 50A, paragraph 5, of the revised P2SK Law. The provision grants legal protection to buyers of Patriot Bonds and Merah Putih Bonds, two debt instruments issued by the Daya Anagata Nusantara Investment Management Agency (Danantara).
Before the constitutional justices, Hafidz argued that the article harmed the legal profession. “The petitioner has lost the opportunity to fully carry out his profession when providing legal assistance to members of the public who have legal interests related to Patriot Bond or Merah Putih Bond transactions,” he said during a hearing on Tuesday, July 7, 2026.
Hafidz challenged the phrase, “from criminal prosecution under general criminal law, special criminal law including tax crimes, and from civil lawsuits.” He argued that the clause effectively eliminated legal accountability without establishing clear limits.
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