MEMPERTAHANKAN TUJUAN PERATURAN DAFTAR NEGATIF INVESTASI DALAM MENGENDALIKAN DOMINASI KEPEMILIKAN ASING (STUDI KASUS PADA INDUSTRI TELEKOMUNIKASI)
| Main Authors: | Sulistyowati, Sulistyowati, Paripurna, Paripurna |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Faculty of Law, Universitas Jenderal Soedirman
, 2014
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| Online Access: |
http://dinamikahukum.fh.unsoed.ac.id/index.php/JDH/article/view/290 http://dinamikahukum.fh.unsoed.ac.id/index.php/JDH/article/view/290/369 |
Daftar Isi:
- Indonesia’s Investment Law and Negative Investment List (DNI) are not applicable to capital market transactions. Interpreted literally, this means foreign investors can arbitrarily increase their share participation in a company by engaging capital market transactions. This is not acceptable since the government puts a limit on foreign shares participation in certain business sectors. This normative-empiric study discusses practices in telecommunication industry that deviate from DNI, the conse-quences, and viable solutions. We found that literal interpretation is inconsistent to the objective of the DNI. We offer alternative approach that is more applicable and suitable to the given objec-tives.Keywords : negative investment list, foreign ownership restriction, portfolio investment, capital market transaction.