ANALISIS KEPATUHAN REGULASI DAN PERLINDUNGAN SAHAM MINORITAS PADA AKUISISI TAMARIS HIRDRO-THONG LANGKAT ENERGI
DOI:
https://doi.org/10.35586/jhs.v5i1.12506Keywords:
Corporate Acquisition, Good Corporate Governance, Minority Shareholder Protection, Electricity RegulationAbstract
The acquisition of PT Thong Langkat Energi by PT Tamaris Hidro Tbk presents significant legal concerns, particularly regarding minority shareholder protection and compliance with capital market and electricity regulations. This study aims to examine the extent to which the acquisition aligns with OJK Regulation No. 17/POJK.04/2020, the Capital Market Law, and the Electricity Law. A normative legal method is applied using statute, conceptual, and case approaches. The analysis focuses on the implementation of legal compliance, fiduciary duties of corporate organs, and the effectiveness of protection mechanisms such as appraisal rights and derivative suits. The findings reveal that although the acquisition fulfills formal requirements of disclosure and licensing, the application of substantive fairness remains weak due to limited participation of minority shareholders. Strengthening regulatory oversight by OJK and the Ministry of Energy is therefore essential to ensure equitable corporate actions within the energy sector.
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