Hulman Panjaitan
Faculty of Law, Indonesian Christian University. Law Study Program, Master’s Program, Indonesian Christian University

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Analysis Of Positive Legal Arrangements Against Minority Shareholders Suing The Company's Board Of Directors For Actions That Resulted In The Loss Of The Company's Funds Simon Alex Pasaribu; Hulman Panjaitan; Paltiada Saragi
PALAR (Pakuan Law review) Vol. 12 No. 1 (2026): Volume 12, Number 1 January-March 2026
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/palar.v12i1.42

Abstract

This study analyzes the regulation of minority shareholders’ legal standing to sue company directors and examines the standards of directors’ civil liability for corporate financial losses under Indonesian positive law. The research aims to clarify the scope of legal protection available to minority shareholders and to evaluate how fiduciary principles and the business judgment rule are applied in corporate governance disputes. This research employs a normative juridical method using statutory, analytical, case, and comparative approaches. The primary legal framework is based on Law No. 40 of 2007 on Limited Liability Companies and related governance regulations, supported by doctrinal and jurisprudential analysis. The findings show that Indonesian company law formally recognizes derivative and direct actions as mechanisms for minority shareholder protection, but their effectiveness is limited by procedural barriers, evidentiary burdens, and information asymmetry. Directors’ civil liability is grounded in fiduciary duties, particularly the duty of care and duty of loyalty, while the statutory formulation of the business judgment rule provides conditional protection for good-faith managerial decisions. The study concludes that although the legal framework seeks to balance accountability and managerial discretion, clearer procedural standards and stronger enforcement mechanisms are needed to enhance minority shareholder protection and legal certainty. Keywords: minority shareholders; directors’ liability; fiduciary duty; business judgment rule; corporate governance.
Legal Certainty Regarding the Regulation of Shipping Lanes as an Effort to Prevent Vessel Accidents Yuliana Risna Maengkom; Hulman Panjaitan; Paltiada Saragi
PALAR (Pakuan Law review) Vol. 12 No. 1 (2026): Volume 12, Number 1 January-March 2026
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/palar.v12i1.43

Abstract

As an archipelagic state, Indonesia experiences high-intensity maritime traffic, which requires effective shipping lane management to ensure navigational safety and prevent ship accidents. The expansion of the fleet and increasing route density have elevated the risk of incidents, which in practice is often triggered by non-compliance with safety provisions (including rules for narrow channels) and weak supervision and law enforcement. This study aims to analyze (1) the constraints and challenges of current shipping lane management in Indonesia, and (2) the role of legal regulation in improving maritime safety and enforcing violations of shipping lanes in order to achieve legal certainty. The research employs a normative juridical method using statutory and analytical approaches, through a literature review of primary and secondary legal materials, including the ratified UNCLOS 1982 regime, national maritime/Shipping regulations, and technical provisions on navigational safety. The normative analysis indicates critical issues in the form of potential regulatory overlap and inter-agency coordination gaps, limited surveillance capacity, and suboptimal user compliance; these conditions imply that accident prevention has not been maximized and that legal certainty in maritime traffic governance remains weak. This study recommends regulatory harmonization, strengthening supervisory mechanisms and consistent enforcement of sanctions, as well as improving compliance standards for navigational safety as key prerequisites for sustainable ship-accident prevention.[1] Keywords: legal certainty; shipping lane management; maritime safety; law enforcement; ship accidents. [1] 1 For information on numbers for authors, the intention is to distinguish the origin of the institution (affiliation) of the authors, who sometimes collaborate with study programs or other agencies.