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Multidiciplinary Review on The Effects of Backdoor Listing Action Against Standby Purchaser (Acquisitor Company)
Adityadarma Bagus Priasmoro Suryono Putro;
Budi Santoso;
Rachmi Sulistyarini
Jurnal Dinamika Hukum Vol 20, No 1 (2020)
Publisher : Faculty of Law, Universitas Jenderal Soedirman
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DOI: 10.20884/1.jdh.2020.20.1.2801
Backdoor Listing is a "Corporate Action" taken often by companies in Indonesia today. Backdoor Listing is an act in which a closed limited liability company acquires an open limited liability company in order to conduct a right issue without going through the Initial Public Offering (IPO) process. In this paper, the writers attempt to discuss the legal consequences of Backdoor Listing action against Standby Purchasers. The research method was normative juridical using statutory approach and concept approach. In the discussion section, first the writers described the IPO and its inhibition in terms of legal and economic point of view. The review then led to the use of Backdoor Listing as an alternative to capital expansion in addition to the IPO path. The writers inventoried the requirements that must be met before backdoor listing as a conditional legal action.Keywords: initial public offering; backdoor listing; backdoor listing requirement; standby purchaser.
Women Impoverishment Through the Transfer of Ulayat Land Rights
Wahyuni Retnowulandari
Jurnal Dinamika Hukum Vol 20, No 1 (2020)
Publisher : Faculty of Law, Universitas Jenderal Soedirman
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DOI: 10.20884/1.jdh.2020.20.1.2965
Indonesia has ratified the Convention on the Elimination of All forms of Discrimination Against Women in 1984. However, the fact remains that women are still often subordinated, including customary land rights such as cases in Lombok, Minangkabau, Riau, and others that prioritize investment that would bring economic benefits adat authorities in which do not involve women. Moreover, the dispute over the ulayat land’s function impacts families’ poverty, including women. Therefore, scientific work with a normative approach using secondary data had sought to compile some of the results of previous empirical research that had raised the case of the transfer of customary land rights. It recommends ways to overcome them by reforming specific regulations regarding the procedure of transferring customary land rights to state rights and equitable ownership rights, and with a gender perspective.Keywords: women’s rights; customary land; gender perspective
Annotations to Article 50 Letter (I) Law Number 5 of 1999 on The Prohibition of Monopolistic Practices and Unfair Business Competition
Nadya Rizki Emeralda;
Sukarmi Sukarmi;
Reka Dewantara
Jurnal Dinamika Hukum Vol 20, No 1 (2020)
Publisher : Faculty of Law, Universitas Jenderal Soedirman
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DOI: 10.20884/1.jdh.2020.20.1.2807
The discourse regarding the exception of cooperatives as an institution that is not an object in Article 50 letter i in Law Number 5 of 1999 on the prohibition of monopolistic practices and unfair business competition has been going on for a long time. The annotation of this article is seen from the incompleteness of the explanatory norm in article 50 letter i, as well as the facts on the KPPU's decisions rejecting cases that use this article as a shield. This research used normative research methods to analyze the existence and usefulness of article 50 letter i of Law No. 5 of 1999. The results of this research were in the form of juridical incompleteness and the irrelevance of this article with the sociological conditions existing in society today. Based on the economic analysis of the law, this article did not fulfill the element of effectiveness because it would only increase the submitted cases. The recommendation of this study is that there are no more exceptions to cooperatives because they are no longer in accordance with the exception reasons by the legislators at that timeKeywords: Cooperative, Unfair Business Competition, KPPU Verdict
Local Assistance as Legal Capital Sustainability of The Environment in Bangka Belitung Archipelago Province
Hasmonel Hasmonel;
Derita Prapti Rahayu;
Faisal Faisal
Jurnal Dinamika Hukum Vol 20, No 1 (2020)
Publisher : Faculty of Law, Universitas Jenderal Soedirman
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DOI: 10.20884/1.jdh.2020.20.1.2730
Consideration of the importance of environmental preservation based on local wisdom is an embodiment of the law that lives in the community. The law works and is embedded in a socio-cultural matrix to answer the problem of inventory of local wisdom in the Bangka Belitung Islands Province. Research carried out with a non-doctrinal approach (socio-legal research) is an approach in legal research in which law is conceptualized as an empirical phenomenon observed in the realm of experience. Local wisdom in the Bangka Belitung Islands Province includes those in Bangka Regency (ampak tin), West Bangka Regency (customary sanctions of the jungle bulin), and Belitung Regency (macara taun) as explained above, as a representation of environmental preservation in the Bangka Belitung Islands Province. Keywords: Lokal Wisdom, Environmental Conservation, Bangka Belitung Islands Province.
Making Contracts by the Board of Commissioners to Represent Limited Liability Companies in Commercial Transactions
Mitchell Hans
Jurnal Dinamika Hukum Vol 20, No 1 (2020)
Publisher : Faculty of Law, Universitas Jenderal Soedirman
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DOI: 10.20884/1.jdh.2020.20.1.2828
The supervisory board is eligible to represent a limited liability company, within and outside the court, including forming a contract in a commercial transaction, pursuant to its articles of incorporation and approval from its general meeting of shareholders if all directors are unavailable, involved in any conflict of interest, or suspended. According to the explanation, this article discusses the validity of the contract formed by the supervisory board dan its legal consequences. For addressing such issues, conceptual and statute approaches are adopted. After the analysis, the contract concluded by the supervisory board remains valid and binding if it fulfills requirements for the valid contract, laws, and the articles of incorporation. Therefore, the supervisory board is capable of acting on the company’s behalf under relevant rules. As a suggestion, the supervisory board is required to understand and exercise its authority in accordance with laws and related articles of incorporation. Keywords: supervisory board; contract; limited liability company
Contempt of Court in Indonesia: The Meaning, Root of Problems and Its Alternative Solutions
Yayan Sopyan
Jurnal Dinamika Hukum Vol 20, No 1 (2020)
Publisher : Faculty of Law, Universitas Jenderal Soedirman
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DOI: 10.20884/1.jdh.2020.20.1.2731
The independent, transparent, and accountable judicial power is a conditio sine quanon for a democratic nation of law. Judicial power is executed through the judiciary to enforce the law and justice. Case trading, controversial decisions disrupting the sense of justice, are the causes of declining judiciary authority. This study uses a normative legal research method with the existing legislation approach as a positive legal norm. The cause of the contempt of court in Indonesia is due to internal and external factors. The internal factors are those including the powerless independence and impartiality of judges, declining authority, decision quality, and integrity. The latter are the community’s attitudes such as selfish, permissive, unable to control themselves, and disrespectl to the judiciary. The solution is the importance of improving the contempt of court law, restoring all decent functions of the judiciary, and educating the community to have legal awareness.Keywords: contempt of court; legal awareness; judicial authority.
Implications Of Victim Precipitation On Imposing Criminal Sanctions For Perpetrator (Study In The City Of Purwokerto)
Hendriana, Rani;
Retnaningrum, Dwi Hapsari;
Puspita Sari, Dessi Perdani Yuris;
Nuryanti, Imas Puji
Jurnal Dinamika Hukum Vol 20, No 1 (2020)
Publisher : Faculty of Law, Universitas Jenderal Soedirman
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DOI: 10.20884/1.jdh.2020.20.1.2258
The study of victim precipitation in Purwokerto is still lacking. Consequently, it is nearly impossible to get clear correlation between victim precipitation and the imposition of criminal senctions for perpetrators. The problems studied in this research are the implications of victim precipitation towards the imposition of criminal penalties for the perpetrators and factors that tend to impede the repercussions. This research used a qualitative research method, with juridical approach related to the imposition of a sentence for the perpetrator that is in the form of criminal punishment, which is lighter than prosecutor’s demand. However, not all judment of the judge include the victim precipitation aspect explicitly in considering the imposition of criminal sanctions. The legal substance aspect is the intervening factor, which is the specific minimum criminal threat that can override victim precipitation. Other contributing factors are the legal structure and the legal culture of the community.Keywords: perpetrators, implications, criminal sanctions, victim precipitation
Punishing The Bankruptcy Fraudsters: What Can Indonesia Learn from United States of America?
Robert, Robert;
Agustina, Rosa;
Nasution, Bismar
Jurnal Dinamika Hukum Vol 20, No 1 (2020)
Publisher : Faculty of Law, Universitas Jenderal Soedirman
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DOI: 10.20884/1.jdh.2020.20.1.2874
Bankruptcy is a system that was created to provide financially distressed debtors relief from their debts while providing the creditors with a fair portion of the debtors’ assets. Unfortunately, certain parties might attempt to beat the system unfairly. The goals of this study are to compare Title 18 United States Code with Indonesia’s legal system regarding bankruptcy fraud and how the Indonesian bankruptcy law ought to be in regulating bankruptcy fraud. This research is qualitative, using a black letter method and legal comparative approach. The result of this study shows that Indonesian bankruptcy law does not regulate provisions regarding bankruptcy fraud as comprehensive as Title 18 United States Code. It is suggested that the Indonesian government amends the bankruptcy law, therefore the public’s confidence in the bankruptcy system can be preserved while providing a deterrence effect for the participants who might exploit the bankruptcy system for their advantages. Keywords: bankruptcy; bankruptcy crime; fraud; white collar crime
Court Connected Mediation: Civil Dispute with A Local Society Cultural Approach
Amarini, Indriati
Jurnal Dinamika Hukum Vol 20, No 1 (2020)
Publisher : Faculty of Law, Universitas Jenderal Soedirman
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DOI: 10.20884/1.jdh.2020.20.1.2599
Perdamaian melalui lembaga pengadilan diterapkan dalam lembaga pengadilan di Indonesia sejak jaman Hindia Belanda tahun 1848, namun western model tersebut tidak berhasil. Tujuan penelitian ini untuk menganalisis model pendekatan hakim dalam proses mediasi di pengadilan. Penelitian ini menggunakan pendekatan filosofis dan konseptual. Data yang digunakan adalah data sekunder terkait dengan pendekatan hakim dalam court connected mediation untuk menyelesaikan sengketa. Data dikumpulkan menggunakan studi literatur dengan mencari, menggali, mengumpulkan dan menganalisis data yang diperlukan. Data analysis was carried out by qualitative analysis until conclusion were deduced. Penelitian menunjukkan bahwa Mahkamah Agung telah mengembangkan mediasi di Pengadilan namun tidak maksimal melalui Peraturan Mahkamah Agung tentang mediasi di Pengadilan. Pendekatan yang perlu dilakukan hakim adalah pendekatan yang sesuai dengan budaya masyarakat setempat. Hal ini sejalan dengan adanya kewajiban hakim dalam mewujudkan amanat luhur yaitu mengakomodasi nilai-nilai hukum yang hidup dalam masyarakat.
Analysis of the Content of Foreign Labor use Regulations Against Indonesia’s Labor Protections.
Siti Kunarti
Jurnal Dinamika Hukum Vol 20, No 1 (2020)
Publisher : Faculty of Law, Universitas Jenderal Soedirman
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DOI: 10.20884/1.jdh.2020.20.1.2937
Globalization moves people indefinitely and includes working in other countries, and accepting foreign workers because it wants the free movement of labor (pree personal movement) over the territorial boundaries of the country. The research is aimed at reviewing and analyzing the content of foreign labor use regulations in Indonesia and whether the content of foreign labor regulations has protected Indonesian workers. The research method used in this study is normative juridical with a statute approach, comparative approach, history approach. The results showed that the Development of Foreign Workers (TKA) Usage Arrangements in Indonesia since Indonesia became independent is regulated in the form of a separate law namely Law No. 3 of 1958 on the Placement of Foreign Workers and subsequently, the Regulation of foreign workers is included in several employment laws, and finally in CHAPTER VI Article 42-49 law No. 13 of 2003 on Employment. The content of the arrangement of the use of foreign labor has not fully provided protection and legal certainty, the revocation of the mandatory Indonesian language requirements for foreign workers is a form of discrimination, as well as the need for strict requirements and qualifications for foreign workers entering Indonesia are skilled, making it possible for the transfer of expertise and technology, supporting economic development, and encouraging the improvement of the competence of the Indonesian workforce. Keywords: Charge Settings, Foreign Labour, Protection .