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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.
PERLINDUNGAN HUKUM PEMEGANG SAHAM MINORITAS ATAS TERJADINYA PELANGGARAN KEWAJIBAN LOCK UP SAHAM DALAM PROSES INITIAL PUBLIC OFFERING DI PASAR MODAL Bainal Munthaha, Alif; Gultom, Elisatris; Sudaryat
Keadilan : Jurnal Fakultas Hukum Universitas Tulang Bawang Vol 22 No 3 (2024): Keadilan
Publisher : Fakultas Hukum Universitas Tulang Bawang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37090/keadilan.v22i3.1546

Abstract

Pasar modal memiliki peran strategis dalam pembangunan ekonomi nasional. Pasar modal memiliki fungsi sebagai alternatif sumber pendanaan bagi perusahaan dan juga sebagai sarana investasi bagi masyarakat. Perusahaan dapat memperoleh dana melalui penerbitkan efek salah satunya melalui mekanisme penawaran umum atau Initial Public Offering (IPO). Pada praktiknya, seringkali IPO dijadikan sebagai exit strategy bagi orang dalam perusahaan, oleh karenanya Otoritas Jasa Keuangan menetapkan kewajiban lock-up saham dalam proses IPO. Pada pelaksanaannya, kewajiban tersebut belum sepenuhnya diimplementasikan oleh emiten dan para orang dalam emiten, sehingga berdampak kerugian kepada pemegang saham minoritas. Tujuan penelitian ini adalah untuk mengetahui mekanisme lock-up di dalam pasar modal Indonesia dan perlindungan hukum terhadap pemegang saham minoritas yang dirugikan akibat terjadinya pelanggaran lock-up dalam proses IPO di Indonesia. Penelitian ini ditulis dengan menggunakan metode penelitian yuridis normatif dengan meneliti bahan pustaka atau data sekunder. Hasil penelitian ini bahwa perlindungan hukum terhadap pemegang saham minoritas akibat pelanggaran lock-up dapat dilakukan tindakan perlindungan yang bersifat represif berupa pengajuan gugatan ganti rugi atau melalui mekanisme pengembalian keuntungan tidak sah. Kata Kunci: IPO, Perlindungan Hukum, Lock Up
PERLINDUNGAN HUKUM INVESTOR DALAM KEPAILITAN MANAJER INVESTASI DITINJAU DARI HUKUM KEPAILITAN DAN HUKUM PASAR MODAL Diva Davina, Nathania; Gultom, Elisatris; Rahmawati, Ema
Jurnal Sains Sosio Humaniora Vol. 7 No. 1 (2023): Volume 7, Nomor 1, Juni 2023
Publisher : LPPM Universitas Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22437/jssh.v7i1.23757

Abstract

Investasi merupakan salah satu cara untuk melindungi nilai tabungan dari kemungkinan penyusutan akibat inflasi sekaligus untuk memperoleh keuntungan. Reksadana merupakan alternatif investasi dengan risiko yang relatif lebih rendah. Meskipun reksadana memiliki risiko yang relatif lebih rendah, reksadana tetap memiliki risiko investasi, antara lain risiko pasar, risiko likuiditas, risiko inflasi, risiko jenis portofolio efek yang diinvestasikan oleh manajer investasi, dan risiko ketidakpatuhan manajer investasi dalam mengelola dan memasarkan produk. Risiko ini memicu masalah seperti gagal bayar yang kerap menimpa manajer investasi. Masalah ini muncul akibat kesalahan manajer investasi dalam memasarkan produk yang menjanjikan fixed return dalam jumlah tertentu dan nilai portofolio yang terpengaruh oleh risiko pasar menyebabkan portofolio tidak laku. Akibatnya, investor yang merasa dirugikan mengajukan permohonan pernyataan kepailitan terhadap manajer investasi. Kepailitan manajer investasi tentu akan merugikan investor. Melalui metode penelitian yuridis normatif, penelitian ini bertujuan untuk mengkaji bentuk perlindungan hukum bagi investor reksadana yang mengalami kerugian dalam hal terjadi kepailitan manajer investasi dan tanggung jawab manajer investasi atas kerugian investor reksadana yang ditinjau berdasarkan Hukum Kepailitan dan Hukum Pasar Modal Indonesia.
Legal Aspects of Cooperatives’ Issuance of Products to Non-Member Communities in Indonesia Adristi, Dhia Novita; Gultom, Elisatris; Faisal, Pupung
Lentera Hukum Vol 8 No 2 (2021): LENTERA HUKUM
Publisher : University of Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19184/ejlh.v8i2.21783

Abstract

Regulations of savings and loan cooperatives allow cooperatives to collect funds, resulting in the chance of issuing products to non-member communities. This study aimed to analyze the practice of issuing products to non-member communities by cooperatives. By highlighting the principle of membership as the specialty of cooperatives in Indonesia, it argued that issuing products to non-member communities is a deviation of cooperative's business activity. It accounted for the cooperative regulations, objectives, and principles of membership in cooperatives to the practice of issuing products to non-member communities that deviate from statutory regulations does not arise. The study used legal research derived from secondary data, among others primary legal materials, secondary legal materials, and tertiary legal materials. This study showed that the practice of issuing products to non-member communities is a deviation from statutory regulations, objectives, and membership principles in cooperatives. In the meantime, cooperatives while maintaining their identity requires all cooperative actors, the government, and the general public in preventing and following up on savings and loan cooperative practices that eliminate membership rights for service users. KEYWORDS: Cooperative Law, Cooperatives in Indonesia, Economic Democracy.
The Problems of Business Competition Supervisory Commission’s Authority of Core-Plasma Partnership Agreements Gultom, Elisatris; Kamillah, Ananda Syifa
Simbur Cahaya Volume 30 Nomor 2, Desember 2023
Publisher : Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28946/sc.v30i2.2844

Abstract

One of the government's efforts to improve the ability of Micro, Small, and Medium Enterprises (“MSMEs”) to conduct business activities is to execute a partnership system between Large Enterprises and MSMEs. In practice, violations are still found in the implementation of partnerships between Large Enterprises and MSMEs, the appropriate supervision is required from the relevant institutions. This paper examined the legal basis of the Business Competition Supervisory Commission (“KPPU”) in supervising the implementation of partnerships between Large Enterprises and MSMEs as well as the form of supervision conducted by KPPU on the implementation of partnerships. The research used a normative juridical by using secondary data sources. The typology of research used descriptive-analytical, which describes the authorities of KPPU in supervising business competition in Indonesia in terms of the implementation of partnerships comprehensively. This study has resulted, even though Law Number 5 of 1999 concerning the Prohibition of Monopolistic Practices and Unfair Business Competition does not state KPPU’s authority to supervise partnerships, though concerns to several related laws and regulations such as Law Number 20 of 2008 concerning MSMEs in conjunction with Government Regulation Number 7 of 2021 concerning the Ease, Protection, and Empowerment of Cooperatives and MSMEs, it is found that provisions authorize KPPU to supervise partnerships. The form of supervision over implementing partnerships conducted by KPPU includes providing consultations, evaluations, suggestions, and considerations related to government policies, harmonization of policies, and law enforcement. Furthermore,  examining of alleged violations of the oil palm plantations of core plasma partnership between PT STP and Koperasi THB marks the KPPU's authority in partnerships law enforcement.
The Legal Protection in The Use of Authentic Deeds in The Patent License Agreements Mulyana, Silvia Sofiatunnisa; Fauza Mayana, Ranti; Gultom, Elisatris
Alauddin Law Development Journal (ALDEV) Vol 6 No 2 (2024): Government Policy and Its Implementation to Maintain the Stability of the Nation
Publisher : Department of Law, Universitas Islam Negeri Alauddin Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/aldev.v6i2.44063

Abstract

This research examines the urgency of incorporating authentic deeds in patent licensing agreements and formulating such documents to establish legal safeguards that enhance the effectiveness of patent licensing ventures. This study employed a normative juridical approach with analytical descriptive methods. The results showed that the integration of authentic deeds in patent licensing agreements ensures legal certainty for the involved parties, as these deeds serve as conclusive evidence to validate legal actions taken by the parties. Furthermore, authentic deeds act as a deterrent against bad faith actions by preventing parties from disavowing the agreement's contents. Additionally, there are no specific government-mandated formulations for patent licensing agreements. To achieve optimal legal protection, the formulation of an authentic deed in a patent license agreement should encompass aspects such as license exclusivity, limitations on patent usage, annual patent fees, information disclosure clauses, the equilibrium of patent use, sanctions, and dispute resolution.
The Urgency of Professional Indemnity Insurance in Research and Innovation Practices in Indonesia Permatasari, Yanti; Gultom, Elisatris; Hilmawan, Edi
International Journal of Social Service and Research Vol. 4 No. 05 (2024): International Journal of Social Service and Research (IJSSR)
Publisher : Ridwan Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46799/ijssr.v4i05.812

Abstract

Humans can never know the future because it is still covered by a veil of uncertainty. For this reason, humans must be prepared to face various bad things or risks that may occur in the future. In the wake of this development, an insurance system was implemented to protect individuals and businesses from unforeseen dangers and losses. Article 57 of the National System of Science and Technology Law places the position of Indonesian researchers as an important subject that deserves serious protection from the state. Article 57 of the National System of Science and Technology Law also reflects the state's recognition of the key role of researchers in the development of science and technology. The provisions of Article 57 of the National System of Science and Technology Law also impose an obligation on the Government as the owner of the Government authority to immediately formulate clear and comprehensive regulations to ensure adequate legal protection for researchers. The author formulates that to develop science and technology by providing adequate legal protection to researchers, supporting the realization of targeted development, and improving the welfare of society, the Government needs to immediately implement a policy in the form of enforcing professional insurance for researchers which is professional indemnity insurance.
Corporate Digital Responsibility: Bentuk Tanggung Jawab Etis terhadap Penggunaan Teknologi Digital dalam Bisnis Perusahaan Taufiqurrohman, Moch. Marsa; Gultom, Elisatris
Hukum dan Masyarakat Madani Vol. 13 No. 2 (2023): November
Publisher : Universitas Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26623/humani.v13i2.7894

Abstract

Teknologi digital telah menjadi faktor utama dalam pengembangan bisnis perusahaan. Namun, teknologi digital juga dapat menimbulkan permasalahan. Salah satu permasalahan terbesar adalah munculnya jenis kecerdasan buatan yang mampu memanipulasi dan mengirimkan informasi pengguna. Teknologi baru menawarkan peluang baru namun juga mengungkap ancaman baru, terutama terkait etika privasi dan keamanan data yang perlu diatasi oleh perusahaan. Artikel ini mengusulkan Corporate Digital Responsibility (CDR) sebagai bidang baru yang menarik sebagai bentuk tanggungjawab etis perusahaan dalam konteks penggunaan teknologi digital. Pada penelitian-penelitian yang telah ada, tidak ditemukan landasan teoritis dan hukum yang memadai untuk memungkinkan berbagai jenis tanggungjawab perusahaan dalam menghadapi implikasi penerapan teknologi digital. Oleh karena itu, landasan dan pertimbangan penting dimunculkan untuk pengembangan tanggung jawab digital perusahaan. Artikel ini menggunakan metode penelitian yuridis doctrinal yang dikolaborasikan dengan Reform Oriented Research. Artikel ini menyimpulkan bahwa terdapat fakta bahwa teknologi baru menimbulkan risiko etis dan sosial, sehingga perusahaan memiliki tanggung jawab terhadap hal ini. Kedua, ketiadaan regulasi mengenai industri 4.0 dan kemajuan teknologi yang tidak dapat diprediksi bukanlah batasan untuk menciptakan skenario CDR. Pada puncaknya, artikel ini menyimpulkan bahwa pengembangan tanggung jawab etis dalam konteks digital adalah mungkin dan perlu.
PERLINDUNGAN HUKUM PEMEGANG SAHAM MINORITAS ATAS TERJADINYA PELANGGARAN KEWAJIBAN LOCK UP SAHAM DALAM PROSES INITIAL PUBLIC OFFERING DI PASAR MODAL Bainal Munthaha, Alif; Gultom, Elisatris; Sudaryat
Keadilan : Jurnal Fakultas Hukum Universitas Tulang Bawang Vol 22 No 3 (2024): Keadilan
Publisher : Fakultas Hukum Universitas Tulang Bawang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37090/keadilan.v22i3.1546

Abstract

Pasar modal memiliki peran strategis dalam pembangunan ekonomi nasional. Pasar modal memiliki fungsi sebagai alternatif sumber pendanaan bagi perusahaan dan juga sebagai sarana investasi bagi masyarakat. Perusahaan dapat memperoleh dana melalui penerbitkan efek salah satunya melalui mekanisme penawaran umum atau Initial Public Offering (IPO). Pada praktiknya, seringkali IPO dijadikan sebagai exit strategy bagi orang dalam perusahaan, oleh karenanya Otoritas Jasa Keuangan menetapkan kewajiban lock-up saham dalam proses IPO. Pada pelaksanaannya, kewajiban tersebut belum sepenuhnya diimplementasikan oleh emiten dan para orang dalam emiten, sehingga berdampak kerugian kepada pemegang saham minoritas. Tujuan penelitian ini adalah untuk mengetahui mekanisme lock-up di dalam pasar modal Indonesia dan perlindungan hukum terhadap pemegang saham minoritas yang dirugikan akibat terjadinya pelanggaran lock-up dalam proses IPO di Indonesia. Penelitian ini ditulis dengan menggunakan metode penelitian yuridis normatif dengan meneliti bahan pustaka atau data sekunder. Hasil penelitian ini bahwa perlindungan hukum terhadap pemegang saham minoritas akibat pelanggaran lock-up dapat dilakukan tindakan perlindungan yang bersifat represif berupa pengajuan gugatan ganti rugi atau melalui mekanisme pengembalian keuntungan tidak sah. Kata Kunci: IPO, Perlindungan Hukum, Lock Up
Assessing the Effectiveness of Rice Farming Corps Insurance in Protecting Farmers and Ensuring Legal Certainly Elisatris Gultom
KRTHA BHAYANGKARA Vol. 18 No. 2 (2024): KRTHA BHAYANGKARA: AUGUST 2024
Publisher : Fakultas Hukum Universitas Bhayangkara Jakarta Raya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31599/krtha.v18i2.803

Abstract

Indonesia is an agricultural country because most of the Indonesian population works in the farm sector, including rice farming. Ironically, rice farming has not developed much and has become a mainstay for the Indonesian people even though this business has long been known and cultivated by most Indonesians living in rural areas. The factor of disasters due to climate change, especially in Java Sumatra, Sulawesi, and parts of Kalimantan, is often the reason why farmers are reluctant to farm so the agricultural sector has not developed much. This research aims to determine the validity of Rice Farming Business Insurance (AUTP) from the aspect of national insurance law and the effectiveness of AUTP as a means of protection for farmers This research is normative juridical research that focuses on secondary data analysis, which comes from primary, secondary and tertiary legal materials related to AUTP, while the data collection technique used is literature study or document study. The research typology used is analytical descriptive, namely describing fully and comprehensively the application of AUTP as a means of protecting rice farmers from the potential for crop failure to be further analyzed so that solutions can be found to existing problems. The research conclusion shows that juridically AUTP meets all the requirements for the existence of an insurance agreement so that AUTP is valid and has legal certainty even though AUTP is not specifically regulated in the Commercial Code; AUTP has not been effectively used as a means of protecting rice farmers because it still faces internal obstacles originating from the farmers themselves and externally. In order for AUTP to be effective in providing protection for farmers in Indonesia, it is necessary to carry out increasingly massive outreach to AUTP and optimize the use of technological facilities.      
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