The Regulatory Imperative for Trade Secret Valuation as Collateral to Enhance Financing Accessibility

Authors

  • Cindy Lie Universitas Internasional Batam, Indonesia
  • Evy Evy Universitas Internasional Batam, Indonesia
  • Revinka Simatupang Universitas Internasional Batam, Indonesia
  • Windi Eka Putri Universitas Internasional Batam, Indonesia
  • Agustianto Agustianto Universitas Internasional Batam, Indonesia
  • Nur Fatihah Universiti Teknologi Malaysia, Malaysia

DOI:

https://doi.org/10.37253/barjoules.v3i1.11523

Keywords:

Trade Secrets, Collateral Asset, Financing Access, Theory of Rechtsidee, SDGs

Abstract

Micro, small, and medium enterprises (MSMEs) play a pivotal role in Indonesia's national economic structure. Nevertheless, the dearth of comprehensive regulations and uniform valuation standards for trade secrets as collateral persists in impeding the effective implementation of intellectual property (IP)-based financing schemes. This legal gap is in direct opposition to the objectives of Sustainable Development Goals (SDGs) 9, particularly target 9.3, which emphasizes enhancing access to financial services for MSMEs to promote inclusive industrialization and innovation. The present study aims to analyze the application of Gustav Radbruch's Theory of Rechtsidee in shaping a regulatory framework for the valuation of trade secrets as collateral in Indonesia. This study contributes both theoretically, by offering insights into legal development, and practically, by providing recommendations for policymakers to establish regulations that support a robust, inclusive, and innovation-driven financing ecosystem. Employing a normative juridical method, the research utilizes statutory and conceptual approaches to examine the legal, economic, and philosophical dimensions of trade secret valuation as a secured transaction instrument. The results of the study indicate that while trade secrets possess considerable potential as a financing instrument, the absence of a standardized, transparent, and legally recognized valuation mechanism constitutes a significant normative obstacle. According to the Theory of Rechtsidee, the principles of legal certainty, justice, and expediency must serve as the foundation for a regulatory framework that ensures legal effectiveness and equitable access to financing. The enhancement of trade secret valuation regulation in accordance with these principles not only fosters financial inclusion but also expedites the transition toward a sustainable and knowledge-based economy.

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Published

2025-03-28