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Journal : Yustisia

REVITALIZATION OF REGIONAL-OWNED ENTERPRISE (BUMD) GOVERNANCE THROUGH THE PARTICIPATION IN OIL AND GAS MANAGEMENT BY USING GROSS SPLIT MECHANISM Yudho Taruno Muryanto; Tuhana Tuhana; Anjar Sri Ciptorukmi
Yustisia Jurnal Hukum Vol 9, No 1: April 2020
Publisher : Faculty of Law, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/yustisia.v9i1.33702

Abstract

The implementation of the gross split scheme in the upstream oil and gas business by revenue sharing contract is a new phase concerning the existence, especially for regional governments related to the insertion of regional assets. The participation of BUMD in the oil and gas management where the BUMD is located is prominent, in the context of increasing revenue and boosting the regional economy. The involvement of BUMD in oil and gas management is mainly related to the gross split mechanism. There are several problems, among others, related to the problematic management of BUMD whose business activities support the upstream oil and gas business to increase local revenue and how to implement the revitalization of BUMD governance that supports the upstream oil and gas business. This article is the result of empirical legal research by using a conceptual approach. Research techniques and data collection using primary and secondary material by analyzing the data through text interpretation (hermeneutics) and the logic of deduction. Based on the research on the revitalization of BUMD governance in the upstream oil and gas business that uses a gross split mechanism, there are several problems in its management, including overlapping sectoral arrangements regarding BUMD between one regulation with other regulations, management issues, human resources issue, supervision and guidance of BUMD, and restructuring of BUMD.
ANALYSIS OF INSIDER TRADING PRACTICE RELATING TO LAW PROTECTION EFFORT FOR MINORITY SHAREHOLDERS Yudho Taruno Muryanto; Riezdiani Restu Widyoningrum
Yustisia Vol 7, No 2: August 2018
Publisher : Faculty of Law, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/yustisia.v7i2.17232

Abstract

This article aims to describe the characteristics of insider trading according to the Act No. 8 of 1995 on Capital Market and the implication with legal effort that can be taken by minority shareholder. The characteristics of insider trading according to the act No 8 of 1995 on Capital Market are in line with fiduciary duty theory principle, there is involvement of insider by the misappropriation trusted. Insider trading has impacts to the other investors, especially to minority shareholder. The difference opportunity to do transaction causes financial disadantages, and for the loss, minority shareholder can doing legal effort, submit their civil lawsuit to the insider trader.