The Bankruptcy Aspect in Single Shareholder Company After Indonesian Job-Creation Act

DOI

10.2991/assehr.k.210805.235How to use a DOI?

Keywords

Bankruptcy, Accountability of the Company, Single Shareholder

Abstract

The government aims to create conducive business conditions with the Job Creation Act (UUCK). One of the contents of the UUCK is to amend several article in the Limited Liability Company Law and present a breakthrough, namely Individual Company for MSME’s that can be used as a form of breakthrough in the development of the national economy. This research is a normative juridical research. This study concludes that in the legal aspects of bankruptcy in Indonesian with single shareholders. Based on the principle of piercing the corporate veil, a single share holder can also follow the bankruptcy mechanism as is the case with Limited Liability Companies in general. Because the person who have single share holder must be segregate assets because single share holder can be classified as a legal entity.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Indah Siti Aprilia
AU  - Ariawan Gunadi
PY  - 2021
DA  - 2021/08/08
TI  - The Bankruptcy Aspect in Single Shareholder Company After Indonesian Job-Creation Act
BT  - Proceedings of the International Conference on Economics, Business, Social, and Humanities (ICEBSH 2021)
PB  - Atlantis Press
SP  - 1490
EP  - 1493
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210805.235
DO  - 10.2991/assehr.k.210805.235
ID  - Aprilia2021
ER  -