Aspects of investment law that give legal certainty and legal protections in the border regions of Indonesia
Rietha Lieke Lontoh, J Ronald Mawuntu, Wulanmas APG Frederik, Abdurrahman Konoras
The goals of a state are achieved if the state can provide prosperity to the people through various undertakings including management of the national economy through investing. In Indonesia, Investing is often complained about by investors pertaining to problems with attaining proper permits, safety, workforce, law enforcement, lack of infrastructure on the border areas and etc. These become the reasons why the climate for investing are not conducive. When in fact, investing should be backed and supported by laws that create legal certainty, emphasize justice and equality, promote balance and efficiency so that the state may attain the goal of prosperity for Indonesia. The method of approach used in this study is a juridical-normative method. This study of investment law refers/points to a few footings in creating an understanding in how important it is in creating legal certainty in investment so that the desire to invest capital in Indonesia can become a reality, especially in the border regions. This can be achieved through realigning/restructuring of the wheels of organizations and policies that disrupt legal certainty. And cutting links that are not effective in smoothing out and making it easier to invest, making the administrative process quicker in the giving of permits so that effective and efficient settlements can be reached. In ensuring that all functions involved are carried out intensely and to full capacity with a focus towards economic development through autonomy, each region in developing its border areas on the basis of welfare for the people, needs to focus on a very important aspect, which is the availability of infrastructure. This challenge needs to be cut down if the regional governments wish to attain economic growth that is significant. Implementing legal enforcement and certainty in the field of investment will create an economy that is strong and also create a strong system of handling settlements in the legal field. Economic growth with a goal of prosperity for citizens is useful for moving the rotation/flow of goods and services as well as raising local production that leads to gains in various sectors in border areas such as in the maritime, farming, trade, and tourism sectors.
Rietha Lieke Lontoh, J Ronald Mawuntu, Wulanmas APG Frederik, Abdurrahman Konoras. Aspects of investment law that give legal certainty and legal protections in the border regions of Indonesia. International Journal of Law, Volume 5, Issue 3, 2019, Pages 23-28