TINJAUAN YURIDIS BACKDOOR LISTING MELALUI MEKANISME AKUISISI PERUSAHAAN TERBUKA DALAM KEGIATAN PASAR MODAL DI INDONESIA

Caesar Prasetyo Nugroho, Bambang Winarno, M. Zairul Alam Fakultas Hukum Universitas Brawijaya Email: caesarprstyn@gmail.com ABSTRAK Artikel ini menganalisis mengenai aksi korporasi berupa backdoor listing melalui mekanisme akuisisi perusahaan dalam kegiatan pasar modal di Indonesia beserta pengaturan hukumnya yang ditinjau berdasarkan prinsip keterbukaan informasi. Analisis dilakukan melalui penggunaan metode penelitian yuridis normatif sehingga memperoleh kesimpulan bahwa dalam aksi backdoor listing melalui mekanisme akuisisi, perusahaan pengakuisisi tetap harus melaksanakan ketentuan Undang-Undang Pasar Modal serta Peraturan Otoritas Jasa Keuangan terkait pengaturan akuisisi saham perusahaan terbuka. Perusahaan Terbuka juga tetap diwajibkan untuk memberikan keterbukaan informasi kepada pemegang sahamnya sesuai prinsip keterbukaan informasi. Kata Kunci: Pasar Modal, Backdoor Listing , Prinsip Keterbukaan ABSTRACT This article analyzes the corporate actions of backdoor listing through the company's acquisition mechanisms in capital market activities in Indonesia along with their legal arrangements which are reviewed based on the principle of information disclosure. The analysis is conducted through the use of normative juridical research methods so as to conclude that in the backdoor listing through acquisition mechanism, the acquirer company must still implement the Capital Market Law and the Financial Services Authority Regulation (OJK) concerning the open company stock acquisition arrangement. Open companies are also required to provide information disclosure to their shareholders according to the principle of information disclosure. Keywords: Capital Market, Backdoor Listings, Principles of OpennessÂ