The Future of the Leniency Program as an Efforts to Reveal Cartel Practices in Indonesia

A business cartel is a business that is carried out by business actors to obtain market power by regulating the market by fixing prices, for example, by limiting the availability of commodities on the market. This paper examines in detail business cartel practices in Indonesia, explores their impact on the economy, and analyzes KPPU as an unfair business eradication body. In so doing, this paper analyzes eight business cases in Indonesia to describe and evaluate the practices of economic cartels in the industry. Those cases were randomly chosen for different periods and different industrial sectors. Using a qualitative analysis method, it is found that business cartels, unfortunately, are still rather common practice in Indonesia. It is also found that business cartels harm economic development, citizens and customers, since they tend to be monopolistic practices so that the customers will have to pay high prices for limited commodities. In addition, KPPU needs to be reformed, and the amendment of current antitrust law also needs to be executed. Consequently, judges and lawmakers should understand the balance of business interest and public interest at the same time.

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Optimal deterrence: Exploring business cartels in Indonesia and their impact on the economy

Asri

Murjiyanto

Hertanto

et al. 2020

Problems and Perspectives in Management

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Implementation of Forced Delisting Mechanism in Go-Private Corporate Action in Indonesia: Is It Right?

Pratama,

Suwadi

2024

RGSA

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Purpose: The research focuses on studying the implementation of the forced delisting mechanism in go-private corporate actions in Indonesia by comparing studies with other countries, namely the United States and Singapore. Theoretical framework: The research is projected to produce an ideal concept for implementing the forced delisting mechanism in go-private corporate actions in Indonesia. Methods: This research is normative legal research. The research approach used is statutory, a conceptual approach, a fact approach, and a comparative approach. Results and Conclusion: The study results indicate that there are no specific arrangements for implementing the forced delisting mechanism in go-private corporate actions in Indonesia. The results also show that there is no means for comparative studies on implementing the forced delisting mechanism in go-private corporate actions in the United States and Singapore. Research implications: The ideal concept focuses on the accommodation of special facilities for disposing of shares of companies that carry out forced delisting. Originality/value: Special arrangements and special listing facilities for forced delisting shares aim to facilitate the implementation of repurchases and prevent potential material losses to retail investors and the company's public shareholders.

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Effectiveness of Compliance with Financial Investment Business Actors in Indonesia In Promoting Investment to Protect Consumers Losses

Nurcahyo,

Supanto,

Sudarwanto

2024

RGSA

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Purpose: Investment activities are one of the business lines that are quite interesting to do, of course, in terms of dissemination requires an effort called promotion. Promotion is the main thing in a business activity, investment businesses are often promoted in the form of attractive packaging and contain elements that promise benefits for customers. Theoretical framework: The regulation of investment business actors in Indonesia is found to be closely related to several regulations, ranging from regulations on consumers, regulations on investment and regulations on financial services. Methods: By using the normative legal research method, various kinds of legal sources related to the scope of research are sought, the data found is then analyzed using a statutory approach and literature study. Results and Conclusion: The results showed that business actors in carrying out business activities engaged in the investment sector must pay attention to various laws, so as to avoid elements of actions that can harm others. The government must increase the level of legal knowledge for all Indonesian people, because with adequate legal knowledge, people can sort and choose safe business activities. Research implications: The three regulations are considered to be the principal regulations in carrying out investment business activities that utilize promotional media in finding customers, while promotion in finding customers is regulated concretely to avoid things that are not desirable. Originality/value: The main target of which is to protect consumers or investors who will carry out investment activities in Indonesia.

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The Future of the Leniency Program as an Efforts to Reveal Cartel Practices in Indonesia

Cited by 8 publications

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Optimal deterrence: Exploring business cartels in Indonesia and their impact on the economy

Optimal deterrence: Exploring business cartels in Indonesia and their impact on the economy

Implementation of Forced Delisting Mechanism in Go-Private Corporate Action in Indonesia: Is It Right?

Effectiveness of Compliance with Financial Investment Business Actors in Indonesia In Promoting Investment to Protect Consumers Losses

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