The Responsibility Of Holding Company Towards Bankruptted Subsidiaries Based On Law No. 40 Of 2007 About Limited Companies
DOI:
https://doi.org/10.51601/ijersc.v4i4.688Abstract
The purpose of this research is to identify and analyze the juridical liability
of the holding company to its bankrupt subsidiary and the holding
company's responsibility to its bankrupt subsidiary. The research method
used in this research is normative qualitative. The holding company's
juridical responsibility for a bankrupt subsidiary, in certain circumstances
the holding company can be held accountable for its subsidiary based on
the Piercing The Corporate Veil principle. The application of this principle
to holding companies can occur either through legal agreements or based
on certain agreements. Implementation of holding company responsibilities
for bankrupt subsidiaries in the case of PT. Ometraco Corporation, Tbk.
dar. PT. Ometraco Multi Artha pointed out that the Supreme Court is of the
opinion that PT. Ometraco Corporation, Tbk. as the holding company is
also responsible for the debt of PT. Ometraco Multi Artha as a bankrupt
subsidiary based on an agreement.
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