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Journal : Formosa Journal of Sustainable Research (FJSR)

Alleged Delay in Notification of Takeover of Shares of Pt Kadi Indonesia Manufaktur by Nippo Corporation Decision: 16/KPPU-M/2023 Bunyamin, Bubun; Rosidah, Rosidah; Wijaya, Dion Untung; Yuliarpan, Pipit
Formosa Journal of Sustainable Research Vol. 3 No. 5 (2024): May 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjsr.v3i5.9115

Abstract

The case of late notification of the takeover of PT Kadi Indonesia Manufaktur (PT KIM) shares by Nippo Corporation has become an important highlight for law enforcement in the Indonesian capital market. This violation has the potential to have a negative impact on the capital market, especially for PT KIM investors, and could damage investor confidence in the existing system. This research analyzes two important aspects: the effectiveness of the Rp. 1 billion fine sanction imposed by the KPPU on Nippo Corporation, and the adequacy of the current share takeover notification mechanism. The results of the analysis show that the effectiveness of fines and notification mechanisms still needs to be strengthened to ensure compliance with Law no. 5 of 1999. Furthermore, this research provides conclusions and suggestions for improving the effectiveness of law enforcement and preventing similar violations in the future. These suggestions include strengthening regulations and law enforcement, increasing transparency and education, increasing cooperation between agencies, utilizing technology, and strengthening the role of the community. Further research is recommended to explore various aspects related to this case, such as economic impacts, comparisons with other countries, roles and responsibilities of related parties, factors driving violations, and the effectiveness of education and outreach
Amicus Curiae: in the 2024 PHPU Presidential Election Session Wijaya, Dion Untung; Manurung, Agustinus; Tamara, Yogi Angistya; Mijan; Muslim, Thariq; Wiradirja, Hj. Imas Rosidawati
Formosa Journal of Sustainable Research Vol. 3 No. 6 (2024): June 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjsr.v3i6.10016

Abstract

This research examines the role of the amicus curiae in the 2024 Presidential Election Results Dispute (PHPU) trial in Indonesia. Through a qualitative approach, this research analyzes the contribution of the amicus curiae's independent views to the final decision of the Constitutional Court (MK) and public trust in the fairness of the legal process. Data was collected through document analysis, interviews and direct observation of the trial process. The findings show that amicus curiae has an important role in bringing a neutral and in-depth legal perspective, enriching legal discussions in the courtroom, and strengthening the legitimacy of the Constitutional Court's decisions in the eyes of the public. Despite being faced with various challenges, including political pressure and the complexity of legal cases, the amicus curiae remains consistent in maintaining its legal neutrality and independence
Implementation of the Criminal Justice System for Employment in Indonesia Wijaya, Dion Untung; Priyanto, Eka; Irawan, Feri; Kurniati, Yeti; RAS, Hernawati
Formosa Journal of Sustainable Research Vol. 3 No. 7 (2024): July 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/fjsr.v3i7.10505

Abstract

This study explores the effectiveness of the implementation of the labor criminal justice system in Indonesia in providing fair and equitable legal protection for workers, and identifies the obstacles and challenges faced in the process of enforcing labor law. Through qualitative descriptive methods, data were collected from in-depth interviews with various stakeholders and analysis of related documents. The results of the study indicate that limited human resources and budget, corrupt and nepotistic practices, lack of legal understanding, and uneven distribution of labor courts are the main obstacles in enforcing labor law. To overcome these obstacles, strategies are needed that include increasing capacity and budget, strengthening supervision and accountability, legal counseling, and increasing access to labor courts. With the implementation of these strategies, it is hoped that the labor criminal justice system in Indonesia can run more effectively, fairly, and provide maximum protection for workers