Abstract

This study, entitled "The Form of Responsibility of Syndicate Leaders to Syndicate Participants in the Event of Debtor Default," addresses the following issues: 1. To improve theoretical understanding by providing additional documentation in the form of written works, literature, and scientific materials relevant to the legal realm, particularly regarding syndicated creditors; 2. To improve legal knowledge, particularly the legal dimensions of obtaining and implementing agreements as a creditor. Therefore, the findings of this study are expected to be useful and increase understanding for related practitioners, especially banks as collateral recipients and notaries who authenticate and prepare mortgage documents. This research is legal research. Legal research is a process of discovering legal rules, principles, norms, and doctrines to address the legal issues faced. This study will address and discover legal findings by addressing legal issues related to Syndicate Agreements. Therefore, it concludes that the legal relationship between agent and creditor is that of principal and attorney. Therefore, if a conflict arises between the agent and the parties involved in the syndicated loan agreement, the resolution will depend on the provisions of the power of attorney contained in the syndicated loan documents. The loan agreement clearly outlines the decisions or actions the agent can take without consulting or obtaining the approval of the syndicated members, as well as matters that require the prior instruction or approval of a majority of the syndicated members. The agent is not responsible for the completion of the loan documents, as it is the responsibility of each party to ensure that they are completed in accordance with their respective requirements.