Role of Divestment: Realizing Welfare Indonesian
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Type
Article
Date
2023-09
Journal Title
Indian Journal of Law and Justice
Journal Editor
Bandyopadhyay, Rathin
Journal ISSN
Volume Title
Publisher
University of North Bengal
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Suwarsit, S., & Arifardhani, Y. (2023). Role of Divestment: Realizing Welfare Indonesian. Indian Journal of Law and Justice, 14(2), 1–20. https://ir.nbu.ac.in/handle/123456789/5058
Authors
Suwarsit, Suwarsit
Arifardhani, Yoyo
Advisor
Editor
Abstract
Divestment is the sale of a business carried out by a company, which is the
opposite of investment. Based on this definition, this study aims to determine
whether divestment can contribute to creating an Indonesian welfare state. The
results of the study show Indonesia's welfare state; one of its characteristics can
be seen in the state constitution as stipulated in Article 33 Paragraph 3 of the
1945 Constitution regarding land, water, and natural resources that are in its
territory and controlled by the state to achieve the goal of realizing prosperity for
its people. In an attempt to realize the Indonesian welfare state, mineral and coal
mining forces foreign companies to divest through Article 112 of Law No. 3 of
2020 concerning mineral and coal mining regarding the divestment and
acquisition of shares in Article 8 of Law No. 25 of 2007 concerning investment
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Keywords
Citation
Accession No
Call No
Book Title
Edition
Volume
ISBN No
Volume Number
14
Issue Number
2
ISSN No
0976-3570
eISSN No
Pages
Pages
1 - 20