Nation Wealth’s Legal Position that Separated on Pt Indonesia Asahan Alumunium as Main Holding of State Owned Enterprise for Mining Industry Based on Justice Principles

DOI

10.2991/iceml-18.2018.39How to use a DOI?

Keywords

State-Owned Enterprise

Abstract

States engaged in economic activities in order to achieve the goals of the state. Law Number 17 of 2003 on State Finance states that the form of state activity in economic activity is conducted through a state enterprise, known as a State-Owned Enterprise in the form of a Persero regulated in Law Number 19 Year 2003 concerning BUMN, stating that the BUMN of a whole business entity or most of the capital is owned by the state through direct inclusion derived from separated state assets. Persero, is a state-owned limited liability company whose capital is divided into shares wholly or at least 51% (fifty one percent) of its shares owned by the Republic of Indonesia whose main purpose is to pursue profit. BUMN is PT. To strengthen the capital structure and increase the capacity of the Company's business PT Persero Aluminum Limited is determined through Government Regulation Number 47 Year 2017 on Addition of State Equity Participation of the Republic of Indonesia Into Shares of Limited Liability Company PT Indonesia Asahan Alumunium, acting as the parent Company in the field of mining. Several laws governing State-Owned Enterprises in their implementation create a sense of confidence for the Board of Directors of the Company in driving its business in case of loss. The polemic that arises is how the legal status of state equity participation of state assets separated on state-owned company Persero case study on PT Inalum as the holding company holding the mining field? Business is risk. In the event of any loss in the business process of PT Inalum, does the loss include the state loss domain or the loss of the business? Through normative legal research the researcher will do the research.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Mr Kusmono
AU  - Rudi Margono
PY  - 2018/09
DA  - 2018/09
TI  - Nation Wealth’s Legal Position that Separated on Pt Indonesia Asahan Alumunium as Main Holding of State Owned Enterprise for Mining Industry Based on Justice Principles
BT  - Proceedings of the 2018 International Conference on Energy and Mining Law (ICEML 2018)
PB  - Atlantis Press
SP  - 177
EP  - 180
SN  - 2352-5428
UR  - https://doi.org/10.2991/iceml-18.2018.39
DO  - 10.2991/iceml-18.2018.39
ID  - Kusmono2018/09
ER  -