Shareholders Lawsuit: Fraud on Minority Law Enforcement to Invent Corrective Justice During the Covid-19

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Published Feb 8, 2022
DOI https://doi.org/10.15294/lrrq.v8i1.54473

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Mochammad Abizar Yusro
Universitas Brawijaya

Abstract

The purpose of this study is to analyse and provide recommendations for national law, related to law enforcement in violations against minorities (fraud on minorities) shareholders to create corrective justice during the covid-19 period. Minority Shareholders are a group that is classified as vulnerable to actions that can result in losses. For this reason, law enforcement efforts against Minority Shareholder fraud are needed, to provide legal protection and recovery of losses in order to create corrective justice. This research method is descriptive by using the type of juridical-normative research. The type of approach used is a statutory approach and a conceptual approach. The results of this study describe the rights of shareholders given by laws and regulations, which can be used to carry out legal remedies based on corrective justice when fraud is on a minority. The legal effort began with a shareholder lawsuit consisting of two mechanisms, namely derivative action and direct action from shareholders which has been accommodated in Law Number 40 of 2007 concerning Limited Liability Companies. However, this effort is commonly used and has several weaknesses, one of which is the absence of specification rules related to the procedures for implementing it.

Article Details

How to Cite
Yusro, M. A. (2022). Shareholders Lawsuit: Fraud on Minority Law Enforcement to Invent Corrective Justice During the Covid-19. Law Research Review Quarterly, 8(1), 89-104. https://doi.org/10.15294/lrrq.v8i1.54473
Issue
Vol 8 No 1 (2022): Various Legal Issues and Its Complexity to Global Perspective
Section
RESEARCH ARTICLE
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Author Biography

Mochammad Abizar Yusro, Universitas Brawijaya

Mochammad Abizar Yusro is a researcher at the Brawijaya Legal Studies and Research Forum. He once received an award as the Most Outstanding Student of the Faculty of Law Brawijaya University. He has published more than 10 research journal articles and some of them have been accredited by SINTA. The results of his research have also been presented in various scientific conferences both nationally and internationally and have received appreciation as the best presenter.

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