The Impact of Corruption on Domestic and Foreign Investment in Indonesia

Oktiani, Devi

doi:10.2991/iconeg-16.2017.62

Cited by 1 publication

(1 citation statement)

References 19 publications

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“…SOEs established by the state in civil law perspective complies to private law. It is very important to build the Advances in Social Science, Education and Humanities Research, volume 226 business environmental in Indonesia may has impact nationally, regionally and internationally, Indonesia has been an outlier within the Southeast Asia region, with lower inflows of foreign investment (FDI) compare to other countries, especially in manufacturing sector,and with lower inflows than could be expected from its size and other country characteristics [3].…”

Section: B the Responsibility Of The Board Of Directors For Losses Imentioning

confidence: 99%

Director’s Liability For Losses in The Management of PT Merpati Nusantara Airlines as one of the State Owned Companies

Suastuti¹

2018

Proceedings of the 1st International Conference on Social Sciences (ICSS 2018)

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This paper is about the state's capital equity in establishing State-owned Company (PT Merpati SOE). Under private law regime, PT Merpati SOE, is anequity thatis a state asset allocated separately from the State Budget. Consequently, it is no longer a state asset; rather, it turns into a part of company assets. There is a case of a lease agreement of 2 (two) units of Boeing 737-400 and Boeing 737-500 between PT Merpati Nusantara Airlines with companies of Thirdstone Aircraft Leasing Group (TALG)the United States cannot be prosecuted under Articles 2 and3 of Act No. 31 of 1999 Jo Act No. 20 of 2001 on Eradication of Corrupt Practices Law. From this paper, three things are revealed. First, the state's capital equity, which has been allocated separately from state assets in establishing the PT Merpati SOE which is not a state asset; rather, it is thecompany's asset. Second, in the case of mismanagement which leads to company loss, the Directors of PT Merpati SOE may not be charged for committing corrupt practice as prescribed in Articles 2 and 3 of Corrupt Practices Eradication Law. Third, misperception has been made by judicial practices since the courts consider loss in particular transaction made by Directors of PT Merpati SOE as a loss of state finance whose implication is applied inArticles 2 and 3 of Corrupt Practices Eradication Law.

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Section: B the Responsibility Of The Board Of Directors For Losses Imentioning

confidence: 99%

Director’s Liability For Losses in The Management of PT Merpati Nusantara Airlines as one of the State Owned Companies

Suastuti¹

2018

Proceedings of the 1st International Conference on Social Sciences (ICSS 2018)

View full text Add to dashboard Cite

show abstract

The Impact of Corruption on Domestic and Foreign Investment in Indonesia

Cited by 1 publication

References 19 publications

Director’s Liability For Losses in The Management of PT Merpati Nusantara Airlines as one of the State Owned Companies

Director’s Liability For Losses in The Management of PT Merpati Nusantara Airlines as one of the State Owned Companies

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