Transformation of Land Ownership with Reclamation Result Right to Manage (HPL) on Behalf of the Government of DKI Jakarta Through Capital Participation in BUMD PT Pembangunan Jaya Ancol Tbk

DOI

10.2991/assehr.k.211203.027How to use a DOI?

Keywords

DKI Jakarta Regional Government; PT Pembangunan Jaya Ancol; Right to Manage (HPL); Regional Owned Enterprises (BUMD); Separated Regional Assets

Abstract

This paper will describe the transformation of land ownership resulting from the reclamation activities of the Ancol Project with the status of Right To Manage (HPL) on behalf of the DKI Jakarta Regional Government through the regional capital participation of the DKI Jakarta Regional Government in the Regional Owned Enterprise (BUMD) PT Pembangunan Jaya Ancol Tbk. Legal problems arose when one of the legal bases for PT Pembangunan Jaya Ancol Tbk was revoked to manage the HPL land in 2015. In addition, there are still different interpretations of state/regional assets separated by BUMN/BUMD. The revocation of the legal basis for managing and interpreting the separated state/regional assets creates legal uncertainty for PT Pembangunan Jaya Ancol as a BUMD in managing and recording HPL. It has become the regional capital participation because it is contrary to the provisions on the capital or assets of the Limited Liability Company, which is divided in the form of shares as regulated in Law Number 40 of 2007 concerning Limited Liability Companies.

Copyright

© 2021 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

Download article (PDF)

TY  - CONF
AU  - Hari Sundjojo
AU  - Tri Hartanto
AU  - Erwin Nugrahanto
PY  - 2021
DA  - 2021/12/03
TI  - Transformation of Land Ownership with Reclamation Result Right to Manage (HPL) on Behalf of the Government of DKI Jakarta Through Capital Participation in BUMD PT Pembangunan Jaya Ancol Tbk
BT  - Proceedings of the 2nd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2021)
PB  - Atlantis Press
SP  - 127
EP  - 131
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211203.027
DO  - 10.2991/assehr.k.211203.027
ID  - Sundjojo2021
ER  -