ABSTRACT
The Indonesian legal system is pluralistic, reflecting the legacy of Indonesia’s colonization by the Dutch until the Japanese occupation in 1942 and different phases of Indonesia’s post-colonial constitutional and political history. Although Dutch-based laws are increasingly being displaced by the enactments of an independent Republic of Indonesia, the Civil and Commercial Codes introduced by the Dutch apply in many areas of commerce and business. Indonesia’s legal pluralism is the product of different phases of its legal history. The Indonesian 1995 Company Law breaks new ground in providing protection for minority shareholder rights. Under the 1995 Company Law, management of a company rests in the board of directors80 and is subject to the supervision of a board of commissioners and, ultimately, the general meeting of shareholders. In 1958 the Institute for the Development of National Law was established with the task of reforming Indonesia laws.
