The Bankruptcy Aspect in Single Shareholder Company After Indonesian Job-Creation Act
- 10.2991/assehr.k.210805.235How to use a DOI?
- Bankruptcy, Accountability of the Company, Single Shareholder
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.
- © 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/).
Cite this article
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 -