TINJAUAN HUKUM INVESTASI DAMPAK JUDICIAL REVIEW UNDANG-UNDANG NOMOR 25 TAHUN 2007 TENTANG PENANAMAN MODAL

Devi Andani

Abstract


ABSTRACT

This study emphasizes the legal review of investment in the impact of judicial review of Law Number 25 Year 2007 concerning Investment (UUPM). This research is a type of qualitative research by following the typology of normative legal research, research data is collected by means of literature and documents study, relevant with the related theory and written descriptively and analyzed qualitatively. The results of this study indicate that the State provides facilities for foreign investors, namely regarding land rights. The HGU is given a maximum term of 95 years, HGB 80 years, and the usage rights are given 70 years and can be extended upfront. These provisions certainly have a positive impact on the investment climate in Indonesia to attract foreign investors in investing their capital. But on the other hand, the provisions of the UUPM are considered to be in conflict with Article 33 of the 1945 Constitution, which states that natural resources concerning the lives of many people are controlled by the state. The provisions of the UUPM are considered to violate Article 33 of the 1945 Constitution so that through a judicial review the Constitutional Court cancels the provision. Through the judicial review is considered a setback of investment provisions in Indonesia. Land rights are important for foreign investors, therefore the cancellation of the Capital Market Law is something that cannot attract foreign investors to invest in Indonesia. In this way, Indonesia's efforts to develop the economy are deemed unachievable. It also indicates that legal certainty in Indonesia is also difficult to obtain with statutory provisions that are rapidly changing or can be overturned by a decision of the Constitutional Court through a judicial review

 

Keywords : investment, investor, judicial review


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References


Daftar Pustaka

Buku

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Evalina Barbara, Tesis: Pemberian Hak Atas Tanah dalam Rangka Penanaman Modal Setelah Diundangkannya Undang-Undang Nomor 25 Tahun 2007 tentang Penanaman Modal, Fakultas Hukum Magister Kenotariatan, Universitas Sumatera Utara, Medan, 2008.

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