THE LEGAL PROTECTION OF MINORITY SHAREHOLDERS AGAINST COMPANY CONSOLIDATION IN THE PERSPECTIVE OF THE LIMITED LIABILITY COMPANY LAW
Universitas Warmadewa
Universitas Warmadewa
Universitas Warmadewa
DOI:
https://doi.org/10.56943/jcj.v4i2.762Company consolidation is one of the legal actions that can significantly impact shareholders, predominantly minority shareholders. Law No. 40/2007 on Limited Liability Companies (UUPT) stipulates that in the consolidation process, the rights of minority shareholders must still be considered, including the right to request the purchase of their shares at a fair price if they disagree with the decision of the General Meeting of Shareholders (GMS). However, in practice, implementing legal protection for minority shareholders still faces various challenges, especially regarding legal certainty and the mechanism for exercising their rights. This research aims to provide a comprehensive understanding of the legal landscape surrounding minority shareholders in the context of company consolidations, highlighting both existing protections and areas needing reform. This research uses normative legal research methods with statutory and conceptual approaches. The results show that although Article 62 of the UUPT gives minority shareholders the right to sell their shares to the company in certain situations, the absence of clear sanctions for companies that fail to carry out this obligation causes legal uncertainty. Therefore, a firmer legal reconstruction is necessary, including providing administrative sanctions and compensation for companies that do not fulfil their obligations. In addition, dispute resolution mechanisms can be implemented through litigation and non-litigation channels, such as mediation and arbitration, to provide more effective protection for minority shareholders.
Keywords: Company Consolidation Legal Certainty Legal Protection Limited Liability Company Law Minority Stakeholders
Aqib, Rafi Akbar Al, Azi Fachri Mandala, and Jhames Jorgi. “PERLINDUNGAN HUKUM BAGI PEMEGANG SAHAM MINORITAS DALAM PERUSAHAAN PERSEROAN.” Media Keadilan: Jurnal Ilmu Hukum 14, no. 1 (April 30, 2023): 17. https://doi.org/10.31764/jmk.v14i1.12199.
Arasi, M. P. Arunothaya, and K. Apparna. “Protection of the Minority Shareholders in Company Law Regime.” International Journal For Multidisciplinary Research 5, no. 6 (November 26, 2023). https://doi.org/10.36948/ijfmr.2023.v05i06.9497.
Asikin, Zainal, and L. Wira Pria Suhartana. Pengantar Hukum Perusahaan. Prenada Media Group, 2016. https://books.google.co.id/books?id=KdxDDwAAQBAJ.
Asmara, Teguh Tresna Puja, Tarsisius Murwadji, and Bambang Daru Nugroho. “Tanggung Jawab Pemilik Koperasi Pada Saat Terjadi Kredit Macet Ditinjau Dari Teori Kepastian Hukum.” Jurnal IUS Kajian Hukum Dan Keadilan 8, no. 1 (April 22, 2020): 109. https://doi.org/10.29303/ius.v8i1.712.
Azizah. Hukum Perseroan Terbatas. Malang: Setara Press, 2016.
Dananjaya, Nyoman Satyayudha, and Kadek Agus Sudiarawan. “KARAKTERISTIK MEDIASI PERBANKAN SEBAGAI ALTERNATIF PENYELESAIAN SENGKETA PERBANKAN INDONESIA (ANALISIS ASPEK KEADILAN, KEPASTIAN HUKUM, DAN KEMANFAATAN).” Jurnal Magister Hukum Udayana (Udayana Master Law Journal) 5, no. 1 (May 31, 2016): 202. https://doi.org/10.24843/JMHU.2016.v05.i01.p18.
Devi, Chintya. “Kajian Hukum Pencabutan Hak Politik Pada Pelaku Tindak Pidana Korupsi Suap Berdasarkan Teori Kepastian Hukum.” Yustisia Tirtayasa: Jurnal Tugas Akhir 1, no. 1 (August 4, 2021). https://doi.org/10.51825/yta.v1i1.11204.
Diantha, I Made Pasek. Metode Penelitian Hukum Normatif Dalam Justifikasi Teori. Jakarta: PT. Karisma Putra Utama, 2016.
Dwijayanti, Ida Ayu Surya, I Nyoman Puru Budiartha, and Desak Gde Dwi Arini. “Penyelesaian Sengketa Perasuransian Oleh Badan Mediasi Dan Arbitrase Asuransi Indonesia (BMAI).” Jurnal Preferensi Hukum 2, no. 2 (2021): 377–81. https://doi.org/10.22225/jph.2.2.3341.377-381.
Fulena, Viraj, and Hemant Chittoo. “International Commercial Litigation and Arbitration Research Essay.” International Journal of Social Science and Human Research 06, no. 02 (February 28, 2023). https://doi.org/10.47191/ijsshr/v6-i2-70.
Hadjon, Philipus M. Perlindungan Hukum Bagi Rakyat Di Indonesia. Bina Ilmu, 1987.
Hadjon, Philipus M. Pengantar Hukum Administrasi Indonesia. Yogyakarta: Gadjah Mada University Press, 2019.
Henry Campbell Black, Bryan A. Garner. Black’s Law Dictionary. West Group St. Paul, MN, 1999.
Indonesia, Pemerintah Pusat. Undang-undang (UU) Nomor 30 Tahun 1999 tentang Arbitrase dan Alternatif Penyelesaian Sengketa (1999). https://peraturan.bpk.go.id/Details/45348/uu-no-30-tahun-1999.
———. Undang-undang (UU) Nomor 40 Tahun 2007 tentang Perseroan Terbatas (2007). https://peraturan.bpk.go.id/Details/39965.
Ji, Jiarui, Na Liu, and Yanyao Zhao. “Legal Risk in Transnational Investment and Its Countermeasures.” Journal of Education, Humanities and Social Sciences 24 (December 31, 2023): 477–81. https://doi.org/10.54097/ehnzj468.
Mamudji, Sri, and Soerjono Soekanto. Penelitian Hukum Normatif: Suatu Tinjauan Singkat. Jakarta: PT. Raja Grafindo Persada, 2015. https://books.google.co.id/books?id=_Y1GPAAACAAJ.
Pitaloka, Aldiva, Marjo Marjo, and Zil Aidi. “The Role of the Indonesian National Arbitration Board (BANI) in the Prevention and Settlement of Business Disputes in Indonesia.” In Proceedings of the International Conference on Sustainability in Technological, Environmental, Law, Management, Social and Economic Matters, ICOSTELM 2022, 4-5 November 2022, Bandar Lampung, Indonesia. EAI, 2023. https://doi.org/10.4108/eai.4-11-2022.2328969.
Quiambao, Jan Enviro A. “Thinking Ethically: The Utilitarianism Approach in Moral Decision Making.” International Journal of Multidisciplinary Research and Growth Evaluation, June 23, 2022, 602–4. https://doi.org/10.54660/anfo.2022.3.3.30.
Rosita, Rosita. “ALTERNATIF DALAM PENYELESAIAN SENGKETA (LITIGASI DAN NON LITIGASI).” Al-Bayyinah 1, no. 2 (December 1, 2017): 99–113. https://doi.org/10.35673/al-bayyinah.v1i2.20.
Sugiartha, I Nyoman Gede, and Ida Ayu Putu Widiati. “Tanggungjawab Pemerintah Dalam Pengelolaan Lingkungan Hidup Berbasis Partisipasi Masyarakat Untuk Pembangunan Daerah Bali.” KERTHA WICAKSANA 14, no. 2 (July 23, 2020): 96–102. https://doi.org/10.22225/kw.14.2.1862.96-102.
Valentine, Viony Laurel, Andika Putra Eskanugraha, I Ketut Wiweka Ari Purnawan, and Ratri Sumilir Budi Sasanti. “Penafsiran Keadaan Tertentu Dalam Tindak Pidana Korupsi: Perspektif Teori Kepastian Hukum.” JURNAL ANTI KORUPSI 13, no. 1 (June 13, 2023): 14. https://doi.org/10.19184/jak.v13i1.40004.
