The Establishment of State-Owned-Holding-Company: A State's Controlling Rights Perspective Based on Radbruch's Theory

Autor/innen

DOI:

https://doi.org/10.19166/lr.v23i1.6995

Schlagworte:

Gustav Radbruch Theory, State-Owned Holding Company, State's Controlling Rights

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.

Autor/innen-Biografien

Huta Disyon, Faculty of Law, Universitas Padjadjaran DG of State Asset Management, MoF

Huta Disyon, born in Jakarta on August 11, 1986. Completed his Diploma III education specializing in Government Accounting, State College of Accountancy in 2004 and Bachelor of Accounting from the Indonesian College of Economics in 2010. The author has a career as a civil servant at the Directorate General of State Assets Management of the Ministry of Finance of Indonesia since 2007. The author is currently studying a master’s in law at Universitas Padjadjaran with scholarship from Indonesia Endowment Funds for Education (LPDP) since 2022. His publications: Critical Review of the Implementation of the Making of SOE as a Holding from Anti-Monopoly and Unfair Business Competition Perspective (Jurnal Penelitian Hukum De Jure 22.2, 2022), The Implementation of the Going Concern Principle in Bankruptcy and The Suspension of Payment to Protect the Economic Rights of the Parties (Padjadjaran Jurnal Ilmu Hukum (Journal of  Law) 9.3, 2022), Corporate Social and Environmental Responsibility in SOE Mining Sector in Indonesia: Commitment of Social-legal Awareness (Jurnal Sosiologi Walisongo) 6.2, 2022), Refund Policy Due to Flight Cancellations Caused by the Covid-19 Pandemic: Consumer Protection Law’s Perspective (Law Review 2, 2022), and Tantangan Penegakan Hukum Persaingan Usaha pada Industri Perbankan Syariah (Jurnal Persaingan Usaha, II (2), 2022).

Elisatris Gultom, Faculty of Law, Universitas Padjadjaran

Elisatris Gultom, born in Cimahi July 6, 1968. Teaching staff at the Faculty of Law, Padjadjaran University. His education: Bachelor of Law from Universitas Padjadjaran (1991), Certificate, Faculty of Commerce and Economics, The University of New South Wales (1996), Master of Humanities, Concentration of Trade Law (2003) and Doctor of Law (2013) from Universitas Gadjah Mada. His books: Cyberlaw: Aspek Hukum Teknologi Informasi, 2005, Urgensi Perlindungan Korban Kejahatan: Antara Norma dan Realita (2007), Rahasia Dagang dalam Perspektif Perlindungan Konsumen (2016), Implementasi Tugas Pokok Polri dalam Mewujudkan kepercayaan Masyarakat (2017), Aspek Hukum Persaingan Usaha Dalam Kegiatan Usaha Waralaba (2018), Badan Usaha Milik Desa: Upaya Meningkatkan Ekonomi Desa (2018), Penegakan Hukum dalam kegiatan Ekonomi di Indonesia  (2019), and Badan Usaha Milik Negara: Kebijakan dan Implementasi (2020), and many more. His awards: Satyalancana Karya Satya 10 Years (2007), Satya Karya Bhakti Class II (2013), Award from the Economic Crime Investigation Department of the Ministry of Public Security, the Peoples Republic of China, related to the countermeasures of transnational crimes by Foreign Nationals from China (2015), and Award from the Criminal Investigation Bureau National Police Agency Ministry of the Interior R.O.C, (Taiwan) regarding the joint disclosure operations of online fraud syndicates (2015).

Ema Rahmawati, Faculty of Law, Universitas Padjadjaran

Ema Rahmawati, has been a lecturer at the Department of Economic Law at the Faculty of Law, Padjadjaran University since 2009. Previously in 2003-2012 she was a Corporate Lawyer at Nugroho, Panjaitan & Partners Law Firm in Jakarta. She completed her Bachelor of Laws, Master of Law with a concentration in Business Law in 2009, and Doctor of Law in 2020 at the Faculty of Law, Padjadjaran University. Actively conducts research in the fields of Civil Procedure Law, Commercial Law (Business), Capital Market Law and National Contracts. As well as being a lecturer and researcher, she is currently a member of the Indonesian Civil Adjective Law Lecturers Association (ADHAPER). Her publications: Kajian Terhadap Penerapan Disgorgement dalam Pasar Modal Indonesia (Jurnal Cendikia Hukum, Vol 6, No.1, 2020). Implementation of Small Claim Procedure in Settlement of Sharia Capital Market Dispute: An Effort to Create Legal Certainty and Its’s Challenge (2018), Peranan Penyelesaian Sengketa Pasar Modal: Suatu Tinjauan atas Perkara Perdata terkait Transaksi REPO (Jurnal Bina Mulia Hukum, Volume 4/ No. 1, 2019), Pembaharuan Kontrak antara Lembaga Jasa Keuangan dengan Konsumennya Pasca Berlakunya POJK 01/POJK.07/2014 (Jurnal De Jure, Vol. 4, No. 2, 2019), several Scopus Indexed international proceedings, and many more.

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2023-07-29

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Volume XXIII, No. 1 - July 2023

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