CREDITOR PROTECTION WITHIN CORPORATE GROUP INSOLVENCY
Creditors of corporations in corporate groups are in a vulnerable position when the corporations become insolvent. The application of separate entity and limited liability principles makes the liability of the parent company for the debts of its subsidiary is limited to the amount of its shareholdin...
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| Format: | Article NonPeerReviewed |
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[Yogyakarta] : Universitas Gadjah Mada
2013
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| Online Access: | https://repository.ugm.ac.id/31876/ http://i-lib.ugm.ac.id/jurnal/download.php?dataId=12342 |
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| Institution: | Universitas Gadjah Mada |
| Summary: | Creditors of corporations in corporate groups are in a vulnerable position when the corporations become insolvent. The application of separate entity and limited liability principles makes the liability of the parent company for the debts of its subsidiary is limited to the amount of its shareholding in the subsidiary, even though in the commercial reality corporate groups are design for the interests of the group as a whole. The existing law in Indonesia has not provided adequate safeguards to creditors' interests.
Kreditor perseroan pada perusahaan grup berada pada posisi yang rentan apabila perseroan menjadi pailit. Penerapan prinsip badan tersendiri dan tanggung jawab terbatas menjadikan tanggung jawab induk perusahaan pada utang anak perusahaannya dibatasi sejumlah kepemilikan sahamnya pada anak perusahaan, meskipun pada kenyataannya perusahaan grup didesain untuk kepentingan grup secara keseluruhan. Hukum yang berlaku di Indonesia saat ini belum memberikan perlindungan yang memadai bagi kepentingan para kreditor. |
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