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Abstract
In order to realize the ASEAN single market, which is one of the free flows of capital or investments in the ASEAN region, on 26th of February 2009 in Cha-am, Thailand, the government delegations of ASEAN member countries signed the ASEAN Comprehensive Investment Agreement known by the abbreviation of ACIA Agreement. Indonesia has participated in signing the investment cooperation agreement in ASEAN. The implication that the ACIA Agreement bears towards Indonesia is the obligation to take measures to harmonize its investment regulations in accordance with the ACIA rules, especially the provisions contained in Law no. 25 of 2007 on Capital Investment. Apart from regulating investment cooperation agreements, the ACIA Agreement regulates the resolution of investment disputes between ASEAN member countries. Regarding the dispute resolution mechanism, the ACIA Agreement uses 2 channels, namely extra-legal channels (Alternative Dispute Resolution/ADR) and legal channels (Court/Arbitration). The choice of dispute resolution using this mechanism depends on the parties to the dispute. In this case, the choice of dispute resolution through the Alternative Dispute Resolution (ADR) mechanism also has separate regulations in this agreement. Furthermore, in Law no. 25 of 2007 on Capital Investment which applies in Indonesia also regulates the issue of resolving investment disputes in the form of Alternative Dispute Resolution (ADR). Therefore, the problems in this research are first, how is the implementation of the Alternative Dispute Resolution (ADR) mechanism in resolving investment disputes between ASEAN member countries and second, what are the challenges and efforts to implement the Alternative Dispute Resolution (ADR) mechanism in resolving investment disputes among ASEAN member countries, especially for Indonesia. This research uses a normative legal research method through document study, namely by conducting a literature search for materials or materials related to the Alternative Dispute Resolution (ADR) mechanism in resolving investment disputes based on applicable laws both internationally and nationally. The data used is secondary data through primary legal materials, secondary legal materials and tertiary legal materials.
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References
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References
Abu Rochmad, Paradigma Hukum Islam dalam Penyelesaian Sengketa, International Journal Ihya ’Ulum AL-Din, Vol. 8, No. 1, 2016.
Ida Bagus Rahmadi Suprananca, Kerangka Hukum dan Kebijakan Investasi Langsung di Indonesia, Bogor: Ghalia Indonesia, cet. 1, 2006.
Back’s Law Dictionary, Eight Edition, West Publishing Co., 2004.
Celina Tri Siwi Kristiyanti, Hukum Perlindungan Konsumen, Cet.3, Jakarta, Sinar Grafika, 2011.
Eric Stein, International Integaration and Democracy : No Love at Fisrt Sight, American Journal of International Law, Vol. 95, No. 3, 2001.
Hadi Susastro. Kebijakan Persaingan, Dava Saing, Liberalisasi, Globalisasi, Regio¬nalisasi dan Semua Itu. Jakarta : CSIS Working Papers Series, 2004.
Lili Rasjidi dan Liza Sonia Rasjidi, Monograf : Filsafat Ilmu, Metode Penelitian dan Karya Tulis lmiah Hukum, Bandung, 2005.
Priskila Pratita Penasthika, The Issues on Personal Status of Investor in the ASEAN Comprehensive Investment Agreement from the Perspective of Private International Law, Indonesian Law Journal, Jakarta, Vol. 6, 2013.
M. Sornarajah, The International Law on Foreign Investment, United Kingdom : Cambridge University Press, Third Edition, 2010.
M. S. W Sumardjono. 1996, Pedoman Pembuatan Usulan Penelitian, Sebuah Panduan Dasar, Penerbit PT Gramedia Pustaka Utama, Jakarta.
M. Yahya Harahap, Beberapa Tinjauan Mengenai Sistem Peradilan dan Penyelesaian Sengketa, Citra Aditya Bakti, Bandung, 1997.
Road Map for an ASEAN Community 2009-2015, The ASEAN Secretariat.
S. Arikunto, ., 1983, “Prosedur Penelitian, Suatu Pendekatan Praktik”, Penerbit Bina Aksara, Jakarta.
Soekanto, S., 1982, “Pengantar Penelitian Hukum”, Penerbit UI-Press, Jakarta.
Schwarzenberger, Frontier of International Law, London : Steven & Sons, 1962.
Stanford M. Alstchul, The Most Important Legal Terms You’ll Ever Need to Know sebagaimana dikutip oleh Frans Hendra Winarta, “Hukum Penyelesain Sengketa Arbitrase Nasional Indonesia & Internasional, Jakarta, Sinar Grafika, 2011.
Oscar Schachter, Sovereign Right and International Bussines, International Law and Practice, Martinus Nijhoft Publisher, Dordrecht, 1991.
https://www.ekonomisyariah.org diakses pada tanggal 20 Oktober 2023.
Persetujuan/Perjanjian Penanaman Modal Menyeluruh ASEAN (ASEAN Comprehensive Investment Agreement (ACIA).
Undang-Undang No. 25 tahun 2007 tentang Penanaman Modal