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Articles

Vol. 1 No. 1 (2026): Lampung Civil Law Journal

The Application of the Piercing the Corporate Veil Doctrine in Startup Fraud Cases in Indonesia

Submitted
September 13, 2026
Published
2026-09-30

Abstract

The rapid development of startups in Indonesia has introduced new dynamics within corporate law. One of the major challenges is the rise of startup fraud the misuse of corporate entities to deceive investors, partners, or the public. In civil law, corporations enjoy the protection of the principles of separate legal entity and limited liability. However, these principles can be disregarded through the doctrine of piercing the corporate veil, which applies when shareholders or directors exploit the corporation as a façade for fraudulent acts. This research employs a normative legal method with both statute and conceptual approaches, analyzing relevant legislation, doctrines, and case law. The findings indicate that the application of the piercing the corporate veil doctrine in Indonesia remains limited but is increasingly relevant in protecting investors in the startup ecosystem. This doctrine aligns with the principles of good faith and civil liability as regulated in the Indonesian Civil Code and Law No. 40 of 2007 on Limited Liability Companies.

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