PENYUSUNAN UNDANG-UNDANG DI BIDANG INVESTASI: KAJIAN PEMBENTUKAN OMNIBUS LAW DI INDONESIA
DOI:
https://doi.org/10.24246/jrh.2019.v4.i1.p115-132Keywords:
Indonesia; Investment; Investor; Omnibus Law.Abstract
Indonesia is a state with high economic potential. Unfortunately, investment growth is quite low due to many factors that inhibit business development. As a result, investors are reluctant to invest in Indonesia. Omnibus law might be a solution to tackle the problems. The omnibus Law is simply defined as a statute that may amend some statutes at once. There are three conditions of omnibus law implementation, first, the statute that will be amended is related to the other statutes directly, second, the former statute is not related to others directly, third, the former statute is related to others but it affects each other in practices. A comparison of the omnibus law applications in the Philippines, the United States, and Turkey may help to seek the possibility of the omnibus law application in Indonesia without leaving its legal culture. It is believed that the omnibus law is possible to be applied in Indonesia, but it needs an adequate understanding of the omnibus law and a strong political commitment of the House of Representatives of the Republic of Indonesia and the Government of the Republic of Indonesia to implement the omnibus law.
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