Institutional Model for Bankruptcy Settlement of Intellectual Property to Protect the Creative Arts Industry in Indonesia

Abstract

Intellectual property is essential to economic progress and sustainable development as the creative industry grows. This study aims to find the implementation of the intellectual property bankruptcy assessment to protect the creative arts industry in Indonesia and formulate future regulatory formulations regarding the intellectual property bankruptcy institutional model to protect the creative arts industry in Indonesia. This research was conducted using the Systematic Review and Meta-Analysis (PRISMA) method. The study collects data from leading scientific sources, including Scopus, using relevant keywords from 2019 to 2023. The result show that the valuation of intellectual property (IP) in the context of bankruptcy in Indonesia is a significant challenge. To protect and develop the creative arts industry in Indonesia, the establishment of an intellectual property valuation institution as the leading authority for assessing intellectual property rights is a priority that must be implemented immediately. The study's implications are particularly relevant for policymakers, legal practitioners, and stakeholders involved in intellectual property rights and bankruptcy law.