PERBANDINGAN REGULASI DAN PERLINDUNGAN HUKUM TERHADAP PELAKSANAAN BACKDOOR LISTING (STUDI KASUS INDONESIA DAN AUSTRALIA)

 Renaldo Renaldo

Abstract


This study examines the regulation and supervision of backdoor listing practices in Indonesia and Australia, highlighting the differences in legal frameworks and investor protection mechanisms. Backdoor listing, also known as reverse takeover, provides an alternative route for private companies to become publicly listed without undergoing the lengthy and costly Initial Public Offering (IPO) process. In Indonesia, the lack of specific regulations governing backdoor listings has led to increased occurrences of such practices, often resulting in investor losses. Conversely, Australia has established a comprehensive legal framework through the Corporations Act and ASX Listing Rules, ensuring greater transparency and protection for investors. This research aims to provide a comparative analysis of the regulatory approaches in both countries and the implications for minority shareholders

Keywords


Backdoor listing; reverse takeover; investor protection; regulatory frame-work

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References


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