Analysis of the Impact of the Formation of a Holding Company for Private Insurance Companies in Indonesia

Authors

  • M. Bagas Hutama P Sebelas Maret University
  • Arief Suryono Sebelas Maret University

DOI:

https://doi.org/10.59890/ijsr.v2i3.1920

Keywords:

State-Owned Enterprises, Holding Companies, Subsidiaries, Insurance and Guarantees, Legal Regulations

Abstract

BUMN holding, including BUMN holding in the insurance and guarantee sector, is a form of corporate restructuring to improve company performance through the consolidation of several BUMNs. Holding in the insurance and guarantee sector was formed based on Government Regulation Number 20 of 2020 concerning Additional State Capital Participation in the Share Capital of the Company PT Bahana Pembinaan Usaha Indonesia which stipulates PT Bahana Pembinaan Usaha Indonesia as the holding company. The problem in this research is how the legal regulation of BUMN holding in the insurance and guarantee sector is in the national legal system in Indonesia and what are the responsibilities of BUMN holding in the insurance and guarantee sector towards its subsidiaries. Based on the research results, it can be seen that the background to the establishment of BUMN holding in the insurance and guarantee sector is based on juridical factors, namely in Law Number 19 of 2003 concerning State-Owned Enterprises, Law Number 40 of 2007 concerning Limited Liability Companies, and Government Regulation Number 20 of 2020 concerning Additional State Capital Participation in the Share Capital of the Limited Liability Company PT Bahana Pembinaan Usaha Indonesia.

References

Natun, Julio Thimotius Kapitan Smaud "Ownership Status of BUMN Subsidiaries", Mimbar Justice, Volume 12 Number 1, February 2019-July 2019.

Onakoya, Adegbemi Babatunde and Ayooluwa Eunice Olotu, “Bankruptcy and Insolvency: An Exploration of Relevant Theories”, International Journal of Economics and Financial Issues, Vol. 7, Issue 3, 2017.

Priangga, Rizal Widiya and Yudho Taruno Muryanto, "Juridical Analysis of General Confiscation of State-Owned Enterprise Assets Against Law Number 1 of 2004 concerning State Treasury", Law Journal, Vol. V, No. 1, 2009.

Rahadiyan, Inda, "The Position of BUMN Persero as a Separate Legal Entity in Relation to the Separation of State Finances in BUMN Capital", Ius Quia Iustum Law Journal, Vol. 20, no. 4, 2013.

Sipayung, Jhon F., "Judicial Review of BUMN Holding in the Context of Improving Performance According to a Company Law Perspective", TRANSPARENCY, Journal of Economic Law, Vol. I, No. 1, 2013.

Tanaya, Putu Edgar and Kadek Agus Sudiarawan, "Consequences of Bankruptcy Law for State-Owned Enterprises After the Enactment of Law Number 17 of 2003 concerning State Finance", Law Journal, Vol. 3, no. 1, 2017.

Tuti Muryati, Dewi, et al., "Normative Study of BUMN (Persero) Bankruptcy in Relation to Limited Liability Company Arrangements", J. DINAMIKA SOSBUD, Vol. 17, no. 2, 2015.

Widawati, Rita Diah, Parent Company Responsibility for Engagements Carried Out by Subsidiaries, Thesis, Master of Notary Program, University of North Sumatra, Medan, 2009.

Downloads

Published

2024-05-31

How to Cite

Hutama P, M. B., & Suryono, A. (2024). Analysis of the Impact of the Formation of a Holding Company for Private Insurance Companies in Indonesia. International Journal of Sustainability in Research, 2(3), 289–296. https://doi.org/10.59890/ijsr.v2i3.1920

Issue

Section

Articles