Main Article Content

Mujuranto Sihotang

Abstract

Investment becomes an arena for an entrepreneur who has capital and has an entrepreneurial spirit. With a passion for profit, investors do everything they can to obtain abundant profits. One way to develop the company is through collaboration with several parties or companies to run a joint business within a certain period, namely by building a new company or commonly called a Joint Venture. The purpose of this research is to find out a juridical study about the information on joint ventures, and to find examples of cases against illegal actions (PMH) in joint ventures and solutions. Arrangements regarding joint ventures themselves are specifically listed in Law No. 1 of 1967 concerning Foreign Investment (PMA). To find out juridical studies of joint ventures and resolve cases of legal battles against joint ventures with this type of research is a type of normative research. In a joint venture contract governed the distribution of national and foreign shares (capital). Foreign parties can have a maximum capital of 95% and a minimum of 5% domestic capital. From this cooperation will form a new legal entity, which is a combination of foreign legal entities and domestic legal entities. Legal protection against shareholders has been outlined in Law No. 1 of 1967 concerning foreign investment. However, this protection is less clear because it does not clearly provide legal protection for minority majority shareholders or shareholders who have a balanced ownership.

Downloads

Download data is not yet available.

Article Details

How to Cite
Sihotang, M. (2019). Joint Venture. LEGAL BRIEF, 9(1), 11–23. Retrieved from http://legal.isha.or.id/index.php/legal/article/view/8
References
Book
Bendar, Amin. “Hukum Penanaman Modal Asing”, 2018, UII Press, Yogyakarta.
HS, Salim dan Budi Sutrisno, Hukum Investasi di Indonesia, 2012, PT. RajaGrafindo Persada, Jakarta.
Ilmar, Aminuddin. “Hukum Penanaman Modal di Indonesia”, 2005, Kencana, Jakarta.

Article
Barmeyer, C., & Davoine, E. (2019). Facilitating intercultural negotiated practices in joint ventures: The case of a French–German railway organization. International Business Review, 28(1), 1–11. doi:10.1016/j.ibusrev.2018.06.001
Carnovale, S., Yeniyurt, S., & Rogers, D. S. (2017). Network connectedness in vertical and horizontal manufacturing joint venture formations: A power perspective. Journal of Purchasing and Supply Management, 23(2), 67–81. doi:10.1016/j.pursup.2017.01.005
Chen, Z., & Ross, T. W. (2020). Buffer Joint Ventures. International Journal of Industrial Organization, 102613. doi:10.1016/j.ijindorg.2020.102613
Kabiraj, T., & Sengupta, S. (2018). A theory of joint venture instability under inter-partner learning. Research in International Business and Finance. doi:10.1016/j.ribaf.2018.04.008
Lin, J.-Y. (2017). Knowledge creation through joint venture investments: The contingent role of organizational slack. Journal of Engineering and Technology Management, 46, 1–25. doi:10.1016/j.jengtecman.2017.09.001
Lin, J.-Y. (2017). Knowledge creation through joint venture investments: The contingent role of organizational slack. Journal of Engineering and Technology Management, 46, 1–25. doi:10.1016/j.jengtecman.2017.09.001
Ott, U. F., Williams, D., Saker, J., & Staley, L. (2019). A configurational analysis of the termination scenarios of international joint ventures: All is well that ends well. Journal of Innovation & Knowledge. doi:10.1016/j.jik.2019.01.004
Romeli, N., Halil, F. M., Ismail, F., & Shukor, A. S. A. (2016). Economic Challenges in Joint Venture Infrastructure Projects: Towards Contractor’s Quality of Life. Procedia - Social and Behavioral Sciences, 234, 19–27. doi:10.1016/j.sbspro.2016.10.215
Shietra, Hery. 2017. https://www.hukum-hukum.com/2017/06/fungsi-joint-venture-agreement.html. Diakses pada 03 Februari 2019.
Wong, A., Wei, L., Yang, J., & Tjosvold, D. (2017). Productivity and participation values for cooperative goals to limit free riding and promote performance in international joint ventures. Journal of World Business, 52(6), 819–830. doi:10.1016/j.jwb.2017.08.002