State Owned Enterprises Finance from the Perspective of State Funds
The existence of State-Owned enterprises (SOE) as one of Indonesia’s legal entities, whereby the State owns part of all of the capital of the company has presented several legal issues. The BUMN Act that has become the basis for establishing State-Owned enterprises has become its own independent leg...
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| Format: | Article |
| Language: | English |
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Universitas Airlangga
2019-12-01
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| Series: | Yuridika |
| Subjects: | |
| Online Access: | https://e-journal.unair.ac.id/YDK/article/view/16874 |
| _version_ | 1797330513475665920 |
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| author | Sopian Sitepu |
| author_facet | Sopian Sitepu |
| author_sort | Sopian Sitepu |
| collection | DOAJ |
| description | The existence of State-Owned enterprises (SOE) as one of Indonesia’s legal entities, whereby the State owns part of all of the capital of the company has presented several legal issues. The BUMN Act that has become the basis for establishing State-Owned enterprises has become its own independent legal subject and separates itself from the wealth of the State and has adhered to the provisions of the Company Law Act so that the capital that is presented by the State to the corporation remains as the capital of the SOE and not form the State. However, existing legislations regarding State funds places the funds for SOE as being part of the State budget. This ambiguity in the status of BUMN Funds is not only found in legislations but also in two different constitutional court decisions that presents inconsistencies towards law enforcers. This clear distinction is crucial in the practice of law enforcement in Indonesia. |
| first_indexed | 2024-03-08T07:20:52Z |
| format | Article |
| id | doaj.art-eab8c67b7a074135aec309e940f2eedd |
| institution | Directory Open Access Journal |
| issn | 0215-840X 2528-3103 |
| language | English |
| last_indexed | 2024-03-08T07:20:52Z |
| publishDate | 2019-12-01 |
| publisher | Universitas Airlangga |
| record_format | Article |
| series | Yuridika |
| spelling | doaj.art-eab8c67b7a074135aec309e940f2eedd2024-02-02T23:52:38ZengUniversitas AirlanggaYuridika0215-840X2528-31032019-12-0135236338810.20473/ydk.v35i2.168748024State Owned Enterprises Finance from the Perspective of State FundsSopian Sitepu0Sopian and Patner Law OfficeThe existence of State-Owned enterprises (SOE) as one of Indonesia’s legal entities, whereby the State owns part of all of the capital of the company has presented several legal issues. The BUMN Act that has become the basis for establishing State-Owned enterprises has become its own independent legal subject and separates itself from the wealth of the State and has adhered to the provisions of the Company Law Act so that the capital that is presented by the State to the corporation remains as the capital of the SOE and not form the State. However, existing legislations regarding State funds places the funds for SOE as being part of the State budget. This ambiguity in the status of BUMN Funds is not only found in legislations but also in two different constitutional court decisions that presents inconsistencies towards law enforcers. This clear distinction is crucial in the practice of law enforcement in Indonesia.https://e-journal.unair.ac.id/YDK/article/view/16874bumnstate-owned enterprisesstate-owned enterprises capitalstate funds. |
| spellingShingle | Sopian Sitepu State Owned Enterprises Finance from the Perspective of State Funds Yuridika bumn state-owned enterprises state-owned enterprises capital state funds. |
| title | State Owned Enterprises Finance from the Perspective of State Funds |
| title_full | State Owned Enterprises Finance from the Perspective of State Funds |
| title_fullStr | State Owned Enterprises Finance from the Perspective of State Funds |
| title_full_unstemmed | State Owned Enterprises Finance from the Perspective of State Funds |
| title_short | State Owned Enterprises Finance from the Perspective of State Funds |
| title_sort | state owned enterprises finance from the perspective of state funds |
| topic | bumn state-owned enterprises state-owned enterprises capital state funds. |
| url | https://e-journal.unair.ac.id/YDK/article/view/16874 |
| work_keys_str_mv | AT sopiansitepu stateownedenterprisesfinancefromtheperspectiveofstatefunds |