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Elisatris Gultom
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Journal : LAW REVIEW

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The Establishment of State-Owned-Holding-Company: A State's Controlling Rights Perspective Based on Radbruch's Theory Disyon, Huta; Gultom, Elisatris; Rahmawati, Ema
Law Review Volume XXIII, No. 1 - July 2023
Publisher : Faculty of Law, Universitas Pelita Harapan | Lippo Village, Tangerang 15811 - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/lr.v23i1.6995

Abstract

The constitutional basis for the state's role in implementing the national economy is Article 33 of the 1945 Constitution of the Republic of Indonesia. The mandate of Article 33 of the 1945 Constitution regarding the State's Controlling Rights, one of which is realized through the existence of state-owned enterprises (“SOEs”) as one of the business actors in the economy. The expansion of the global economy necessitates the improvement of SOEs, and the government's strategic policy choice is establishing a state-owned holding company (“SOHC”) to strengthen value and efficiency. This research aims to determine how the state's controlling rights in the SOHC scheme relate to three basic legal values identified by Gustav Radbruch, namely justice, certainty, and benefits. Through normative juridical research methods, the approach taken is a conceptual approach and a statutory approach, conducted by researching theory or doctrine and relevant laws and regulations, including Supreme Court and Constitutional Court decisions. The results of this study show that the establishment of a SOHC has, in theory, met Gustav Radbruch's legal objectives of justice, certainty, and benefits. State's controlling rights must be widely understood with authority to formulate policies and actions for regulation, control, management, and supervision. In the management function, state control in the SOHC structure can be protected through special share ownership by the state. However, state control based on a sense of social justice, legal certainty, and benefit-oriented must still respect the principles of GCG in SOEs and do not mean monopolizing all national economic activities.
The Establishment of State-Owned-Holding-Company: A State's Controlling Rights Perspective Based on Radbruch's Theory Disyon, Huta; Gultom, Elisatris; Rahmawati, Ema
Law Review Volume XXIII, No. 1 - July 2023
Publisher : Faculty of Law, Universitas Pelita Harapan | Lippo Village, Tangerang 15811 - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19166/lr.v23i1.6995

Abstract

The constitutional basis for the state's role in implementing the national economy is Article 33 of the 1945 Constitution of the Republic of Indonesia. The mandate of Article 33 of the 1945 Constitution regarding the State's Controlling Rights, one of which is realized through the existence of state-owned enterprises (“SOEs”) as one of the business actors in the economy. The expansion of the global economy necessitates the improvement of SOEs, and the government's strategic policy choice is establishing a state-owned holding company (“SOHC”) to strengthen value and efficiency. This research aims to determine how the state's controlling rights in the SOHC scheme relate to three basic legal values identified by Gustav Radbruch, namely justice, certainty, and benefits. Through normative juridical research methods, the approach taken is a conceptual approach and a statutory approach, conducted by researching theory or doctrine and relevant laws and regulations, including Supreme Court and Constitutional Court decisions. The results of this study show that the establishment of a SOHC has, in theory, met Gustav Radbruch's legal objectives of justice, certainty, and benefits. State's controlling rights must be widely understood with authority to formulate policies and actions for regulation, control, management, and supervision. In the management function, state control in the SOHC structure can be protected through special share ownership by the state. However, state control based on a sense of social justice, legal certainty, and benefit-oriented must still respect the principles of GCG in SOEs and do not mean monopolizing all national economic activities.
Co-Authors A.A.P*, Karina Widyadhari Aam Suryamah Aam Suryamah Adi Kristian Silalahi Adinda Marianti Adinda Marianti Adinda Shafiyah Adristi, Dhia Novita Adzkia, Iqta Agustus Sani Nugroho & Ema Rahmawati Heryaman, Agustus Sani Nugroho & Al-Ghiffari, Fakhruddin Aleksander, Aleksander Amalina, Filzah Risky Aman Wibawa Ginting Andreas Paskal Silalahi Andwia Maharani Anita Afriana Anita Afriana Anita Afriana Anita Afriana Ardiansyah, Erpan Ari Mariyana Angriyani Aria Wirajuna Arief, Deswal Ariman, Renaldi Arizal Pahlawan Arrisman, Arrisman Artaji, Artaji Asenar Asenar Audrey Adyuta Putri Azzahra, Shadrina Ghaisani B., Trifena Jessica Bainal Munthaha, Alif Baraba, Badar Beny Anang Prihantoro Bernadetta Satyaayu Regitaningtyas Kalaj Bonita Chika Angelica Boy Aditya Prakasa Buala Jefry Cindi Elvina Azarine Claude Makasuci, Fially Damos Wiratua Tampubolon David Parulian Sinurat Deviana Yuani Deviana Yuanitasari Deviani Yuanitasari Dian Handayani Dian Priharyanti Diandra Syifa Rahman Disyon, Huta Diva Davina, Nathania Elfrieda Aysha Javin Ema Rahmawati Emma Yovela Sipahutar Erna Rahmawati Eureka Inola Kadly Fachrurozi, Aal Fajar Nugraha Feira Wafi Sakina Fially Claude Makasuci Fikri Fadhil, Muhammad Gani Munggaran Genias, Kriffirgy Valian Giani Prani Putri Prasasti Gitta Nurvy Auliya Handayani, Marini Tri Handryas Prasetyo Utomo Hania Arvalia Hardiyanti, Talitha Kirana Hatami, Raka Fauzan Hazar Kusmayanti Helza Nova Lita Hessy Oktiarifadah Hilmawan, Edi Humam Putra Hurruzia, Khansa Huta Disyon Huta Disyon Huta Disyon Huta Disyon Ikhwan Nul Yusuf Maulana Intan Zahirah Januar, Marcelino Jeffrey Thomas Lubis Jefry, Buala Jofit, Jhaviera Latifa Joshua Alexander Kalaj, Bernadetta Satyaayu Regitaningtyas Kalila, Sheza Vanisha Kamillah, Ananda Syifa Karina Widyadhari A.A.P* Karnosaputra, Yanto Liasta Dewi, Reza Lina, Alya Louis Alfred Hasudungan Lubis, Muhammad Azmi Farid Luh Widya Saraswati Mas Putra Zenno Januarsyah Maulana, Ikhwan Nul Yusuf Mia Yulia Fitrianti Miranda, Maudy Mirza Marali Mochamad Ramdhan Pratama Muhamad Amirulloh, Muhamad Muhammad Agung Muhammad Akram Rafii Latuconsina Muhammad Rafli Aprideano Muhammad Ridwan Mulyana, Silvia Sofiatunnisa Nabilla Syafira Nadela Angelina Nadia Tuljanah Nianda Dinilah Arifah Niken Febriani Safitri Nisrina Hanun Nun Harieti Nur Abdul Rahman Roy Nurjannah, Mira Nyulistiowati Suryanti Pahlawan, Arizal Permana, Sudaryat Permatasari, Yanti Pratiwi, Aulia Wira Pujiyono Pujiyono Pupung Faisal Puteri Nurjanah Puteri Nurjanah Puteri Nurjanah Putra, Nouval Rivaldi Putri, Zakiyah R., Bismo Irmanendra Rahmah, Siti Marsha Zahida Rai Mantili Rajamanickam, Ramalinggam Ramadanni, Manisha Ranti Fauza Mayana Razaqa Dhafin Reza Liasta Dewi Rezki Mulya Risya Ainun Rohaedi, Rosalia Alima Utami Rosa Darman Roy, Nur Abdul Rahman Rukmana, Yenni Yunithawati S., Afifah Dara S., Jose Jeremy Safitri, Niken Febriani Salsa Nabila Arimbi Putri Salsabil Qodrunnada Salsabila, Raddine Samosir, Tony Richard Alexander Saputra, Febrianto Sarah Faizurah Khairunisa Saskia Kusumawardani Savirra Satriadi Sela, Natalie Siagian, Afrialdo Silitonga, Yoas Panggawa Sinta Dewi Sinta Dewi Rosadi Siti Rohani Siti Rohani Somawijaya -, Somawijaya Sudaryat Sudaryat Sudaryat Permana Sudaryat Sudaryat, Sudaryat Sukma Fadila Sumayyah Suryamah , Aam Susilowati Suparto Susilowati Suparto Susilowati Suparto Susilowati Suparto Syafira Aisya Kamila Syahbaniar, Alia Putri Syaqira Putri Tarsisius Murwadji Taufiqurrohman, Moch. Marsa Tony Richard Alexander Samosir Tony Richard Alexander Samosir Tri Utomo Wiganarto Tsary Arrofi, Dinda Yusuf Tubagus Kudrat Kun Ulkhaq, M Rifqy Dhiya Veronica Dwi Widianti Vidya Kartika Ayuningtias Wiganarto, Tri Utomo Yorika, Muhammad Syarafi Izazi Yuanitasari, Deviani Yuliana Yuliana Yupi Nurul Azizah Zahirah, Intan ⁠Sudaryat, ⁠Sudaryat