The Legal Certainty and Protection of Foreign Investment Againsts Investment Practices in Indonesia
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Published
May 30, 2021
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Abstract
Foreign investment or well known as "Foreign Capital Investment" is one of the state's efforts to accelerate the pace of the Indonesian economy. So, it is not surprising that the Indonesian Government continues to carry out juridical reforms related to foreign investment. This renewal cannot be separated from the objective of providing certainty and guaranteeing legal protection for foreign investors, so that they can continue to carry out investment in the territory of the Republic of Indonesia. But the question that arises by the author, are the Indonesian laws and regulations sufficient to provide legal certainty in various aspects of investment, from licensing to dispute resolution? In response to this, this paper aims to further examine the legal certainty and protection of foreign investors in carrying out Foreign Direct Investment. The legal research method used is normative legal research through a statutory approach. In addition, this paper uses secondary legal data sources.
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Ayu Taduri, J. (2021). The Legal Certainty and Protection of Foreign Investment Againsts Investment Practices in Indonesia. Lex Scientia Law Review, 5(1), 119-138. https://doi.org/10.15294/lesrev.v5i1.46286
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Anita. (2021). Jaminan Kepastian Hukum Berinvestasi Melalui Pendekatan Konsep Lawrence M Friedman Dalam Menghadapi ASEAN Economic Community (AEC). Jurnal Res Justitia: Jurnal Ilmu Hukum, 1 (1).
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Badan Pusat Statistik. (November, 2020). “Agustus 2020: Tingkat Pengangguran Terbuka (TPT) sebesar 7,07 persen.” Badan Pusat Statistik. November 05 2020. Accessed from https://www.bps.go.id/pressrelease/2020/11/05/1673/agustus-2020--tkala-peng unemployment-terbuka--tpt--sebesar-7-07-persen.html#:~: text = Total% 20% 20 work% 20% 20August,% 200% 2C24% 20percent% 20 points.
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Benuf, Kornelius dan Muhamad Azhar. (2020). Metodologi Penelitian Hukum sebagai Instrumen Mengurai Permasalahan Hukum Kontemporer. Jurnal Gema Keadilan, 7 (1).
Bank Indonesia. “Monetary” Bank Indonesia. Accessed from https://www.bi.go.id/id/fungsi-utama/moneter/default.aspx.
Bunawan, Petra. (2017). Foreign Investment in Indonesia the Legal Aspects under the New Indonesian Investment Law. Dialogica Iuridica, 8 (2).
Gloria. (July 2017). “Sembilan Puluh Persen Kekayaan Alam Indonesia Belum Dieksplorasi”. Universitas Gadjah Mada. July 17 2021. Accessed from https://www.ugm.ac.id/id/berita/14277-sembilan-puluh-persen-kekayaan-alam-indonesia-belum-dieksariasi.
Hadijah Alaydrus. (December 2020). “BI: Posisi Investasi Asing di Indonesia Melambat di Kuartal III, Apa Sebabnya Ya?”. Ekonomi Bisnis. December 23 2020. Accessed from https://ekonomi.bisnis.com/read/20201223/9/1334622/bi-posisi-in Investasi-asing-di-indonesia-melambat-di-kuartal-iii-apa-sebabnya-ya.
Handoyo. (September, 2020). “ICW menyebut ada 169 kasus korupsi sepanjang semester I 2020”. Nasional Kontan. September 29 2020. Accessed from https://nasional.kontan.co.id/news/icw-menyebut-ada-169-kasus-korupsi-sepanjang-semester-i-2020.
Harjono, Dhaniswara K. (2007). Hukum Investasi. Jakarta: Raja Grafindo Persada.
Hutahayan, Benny, et al. (2020). Investor Protection in Mining Law in Indonesia. Journal of Critical Reviews 7 (13).
Jemadu, Aleksius, et al. (2016). Kinerja Diplomasi Ekonomi: Evaluasi atas Perjanjian Perdagangan dan Investasi. Jakarta: Badan Pengkajian dan Pengembangan Kebijakan Kementerian Luar Negeri Republik Indonesia.
Johnson, Darrel R and Greita Anggraeni. (2020). Foreign Investment Review 2020. London: Law Business Researched.
Kartiko, Galuh, et al. (2020). Penerapan Omnibus Law di Bidang Investasi Sebagai Upaya Penyelesaian Regulasi Perizinan dan Harmonisasi Peraturan Perundang-Undangan. Prosiding Seminar Nasional Multidisiplin Ilmu Universitas Asahan.
Kaunang, Lydia. (2017). Penyelesaian Sengketa Penanaman Modal Menurut Undang-Undang Nomor 25 Tahun 2007. Lex Prativum 10 (6).
Kompas Staff. (January 2021) “Provinsi dengan Jumlah Penduduk Terbanyak”. Kompas. January 24 2021. Accessed from https://money.kompas.com/read/2021/01/24/090600726/7-provinsi-dengan-jotal-penduduk-terbanyak-di-indonesia?page=all#:~:text=K Kementerian%20Dalam%20Negeri%20(MinistryofHomeAffairs)%20stated,(number%20population%20Indonesia%202021)
Kurniati, Yati, et al. (2007). Determinants of FDI (Factors that Determine Foreign Direct Investment). Bank Indonesia Working Paper.
Mahmud, Peter. (2005). Metode Penelitian Hukum. Jakarta: Prenadamedia Group.
Muhammad Wildan. (January 2021). “Revisi Daftar Negatif Investasi, Pemerintah Rilis Draf Perpres Terbaru”. DDTCNews. Jnauary 11 2021. Accessed from https://news.ddtc.co.id/revisi-daftar-negatif-in Investasi-pemerintah-rilis-draf-perpres-terbaru-26876?page_y=2470.666748046875.
Nordea. “Foreign direct investment (FDI) in Indonesia”. Nordea Trade Portal. Accessed from https://www.nordeatrade.com/en/explore-new-market/indonesia/investment.
OECD. (2020). “Investment Policy Review: Indonesia”. OECD. 2020. Accessed from https://www.oecd-ilibrary.org/finance-and-investment/oecd-investment-policy-reviews-indonesia-2020_b56512da-en.
OECD. (2020). “OECD FDI Regulatory Restrictiveness Index”. OECD. 2020. Accessed from http://www.oecd.org/investment/fdiindex.htm.
Pijo, Feibe Engeline and Isle Junita Melo. (2020). Legal Study on Non-Commercial Risk Investment in Indonesia. Advances in Social Science, Education and Humanities Research.
Presidential Regulation Number 44 of 2016.
Putri, Resha Roshana, et al. (2018). Peringkat Arus Investasi Indonesia Dalam Kerangka ASEAN-China Free Trade Agreement (Perbandingan Dengan Singapura, Malaysia, Thailand dan Vietnam) Ditinjau Dari Prinsip Fair dan Equitable Treatment. Jurnal Hukum & Pembangunan 48 (2).
Rahardjo, Satjipto. (2012). Ilmu Hukum. Bandung: Citra Abadi.
Riski, Muhammad Akbar. (2018). Kepastian Hukum Investasi Bagi Perusahaan Penanaman Modal Asing di Indonesia. Skripsi. Fakultas Hukum Univesitas Negeri Jember.
Rohendi, Acep. (2014). Prinsip Liberalisasi Perdagangan World Trade Organization. Padjadjaran Jurnal Ilmu Hukum, 1 (2).
Simbolon, Nanci Yosepin , et al. (2020). Perlindungan Hukum Bagi Penanaman Modal Asing (PMA) di Indonesia. Jurnal Darma Agung 28 (1).
Soekonto, Soerjono. (2015). Pengantar Penelitian Hukum. Depok: University of Indonesia.
Sunaryo, Sidik and Shinta Ayu Purnamawati. (2019). Paradigma Hukum Yang Benar dan Hukum Yang Baik (Perspektif Desain Putusan Hakim Perkara Korupsi di Indonesia) Trijurnal Lemilit Trisakti 1 (2).
Surachman, Agus. (2018). Kritik Terhadap Undang-Undang Nomor 25 Tahun 2007 Tentang Penanaman Modal (Perspektif Teori Hukum). Unifikasi : Jurnal Ilmu Hukum.
Susanti, Rina. (2018). Peran Pertumbuhan Ekonomi dan Inflasi Terhadap Kinerja Investasi Asing Langsung (FDI) DI Negara ASEAN. Journal of Residues 2 (12).
The 1945 Constitution.
The Act Number 25 of 2007 concerning Capital Investment.
The Global Economy. Indonesia: Inflation. “The Global Economy”. Accessed from https://www.theglobaleconomy.com/Indonesia/inflation/#:~:text=The%20average%20value%20for%20Indonesia,on%20countries%20is%200.0%20percent.
Tirta Citradi. (September, 2020). “RI Masih Belum Ramah Investor Asing, Ini Buktinya”. CNBC Indonesia. September 09 2020. Accessed from https://www.cnbcindonesia.com/news/20200904145710-4-184465/ri-masih-belum-ramah-investor-asing-ini-buktinya.
Widyawan and Partners, Linklaters. (July, 2014). “Legal Guide to Investment in Indonesia”. Widyawan and Partners. July 2014. Accessed from https://widyawanpartners.com/english/pubs/Investing-in-Indonesia.pdf.
Winata, Agung Sudjati. (2018). Perlindungan Investor Asing dalam Kegiatan Penanaman Modal Asing dan Implikasinya terhadap Negara. Adjukasi: Jurnal Ilmu Hukum, 2 (2).
World Trade Organization. “Agreement on Trade Related Investment Measures”. World Trade Organization. Accessed from https://www.wto.org/english/tratop_e/invest_e/invest_info_e.htm#:~:text=The%20Agreement%20on%20Trade-Related,which%20violate%20basic%20WTO%20princi.
Zakariya, Hafid. (2016). Pengaruh Hukum dan Politik Terhadap Perkembangan Investasi Asing di Indonesia. Jurnal Serambi Hukum 10 (2).