Tinjauan Kritis Sistem Penyelesaian Sengketa Investasi Internasional dan Dampaknya terhadap Kepentingan Nasional Indonesia
Keywords:
Penyelesaian Sengketa Investasi, Kepentingan Nasional, Kedaulatan Regulasi, Penanaman Modal Asing
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Abstract view : 614 timesAbstract
Penanaman modal asing (Foreign Direct Investment - FDI) esensial bagi pembangunan Indonesia, namun sistem penyelesaian sengketa investasi internasional (Investor-State Dispute Settlement-ISDS) yang menyertainya menghadapi kritik tajam. Penelitian ini mengkaji secara kritis kelemahan fundamental ISDS terkait arbiter, proses, dan interpretasi hukum. Temuan menunjukkan dampak negatif signifikan terhadap kepentingan nasional Indonesia, meliputi ketidakpastian hukum, beban finansial, dan tergerusnya legitimasi sistem. Lebih lanjut, mekanisme ISDS dalam perjanjian investasi internasional terbukti membatasi kewenangan regulasi Indonesia, khususnya untuk melindungi kepentingan publik dan sektor-sektor strategis, yang berpotensi menciptakan regulatory chill dan mempersempit policy space. Respons Indonesia melalui evaluasi dan reformulasi kebijakan perjanjian investasinya mencerminkan upaya mencari keseimbangan baru dalam menghadapi tantangan ini. Penelitian ini menegaskan perlunya tinjauan berkelanjutan terhadap sistem ISDS guna memastikan keselarasan dengan tujuan pembangunan nasional
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Petersmann, E.-U. (2021). Human Rights in International Investment Law and Adjudication: Legal Methodology Questions. In Handbook of International Investment Law and Policy (pp. 1707–1732). Springer Singapore. https://doi.org/10.1007/978-981-13-3615-7_27
Putro, T. A. (2021). Establishment of Omnibus Law in Solving Investment Issues in Indonesia. Indonesian Comparative Law Review, 3(2), 105–123. https://doi.org/10.18196/iclr.v3i2.12738
Rasmussen, A., & Reher, S. (2023). (Inequality in) Interest Group Involvement and the Legitimacy of Policy Making. British Journal of Political Science, 53(1), 45–64. https://doi.org/10.1017/S0007123422000242
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Sari, N. J., Zulfikar, A. A., & Dorlah, S. (2024). Implementation of International Arbitration Awards in Indonesia from the Perspective of Legal Value Theory. Jurnal Media Hukum, 31(1), 167–185. https://doi.org/10.18196/jmh.v31i1.20026
Schill, S. W. (2009). The Multilateralization of International Investment Law. Cambridge University Press. https://doi.org/10.1017/CBO9780511605451
Siallagan, S. P., Wiwoho, J., Suryono, A., Kurniawan, I. D., & Fernandes, A. (2024). Reorienting Investment Dispute Resolution in Indonesia: Towards a Fair and Efficient System. Journal of Law and Legal Reform, 5(3), 1155–1184. https://doi.org/10.15294/jllr.v5i3.4367
Sornarajah, M. (2021). The International Law on Foreign Investment (5th ed.). Cambridge University Press. https://doi.org/10.1017/9781316459959
Surya P. Subedi. (2024). International Investment Law: Reconciling Policy and Principle (5th ed.). Hart Publishing.
Teramura, N., & Trakman, L. (2024). Confidentiality and privacy of arbitration in the digital era: pies in the sky? Arbitration International, 2(7), 277–306. https://doi.org/10.1093/arbint/aiae017
Titi, A. (2022). The Right to Regulate in International Investment Law. In International and Comparative Law Research Center. Nomos. https://doi.org/10.5771/9783845251783
Boltenko, O. (2020). The Umbrella Revolution: State Contracts and Umbrella Clauses in Contemporary Investment Law. Handbook of International Investment Law and Policy, 1–19. https://doi.org/10.1007/978-981-13-5744-2_54-1
Bramantyo, T. (2021). the Indonesian Government’S Participation in International Investment Law and Its Reform. Indonesian Journal of International Law, 19(1), 83–111. https://doi.org/10.17304/ijil.vol19.1.4
Bueno, N., Yilmaz Vastardis, A., & Ngueuleu Djeuga, I. (2023). Investor Human Rights and Environmental Obligations: The Need to Redesign Corporate Social Responsibility Clauses. Journal of World Investment and Trade, 24(2), 179–216. https://doi.org/10.1163/22119000-12340278
Butt, S., Crockett, A., & Lindsey, T. (2024). Corruption and Illegality in Asian Investment Disputes: Indonesia. Asia in Transition, 22, 259–284. https://doi.org/10.1007/978-981-99-9303-1_10
Chaisse, J., Ishikawa, T., & Jusoh, S. (2017). Asia’s Changing International Investment Regime. Springer Singapore. https://doi.org/10.1007/978-981-10-5882-0
De Schutter, O., Swinnen, J., & Wouters, J. (2013). Foreign direct investment and human development: The law and economics of international investment agreements. Routledge. https://doi.org/10.4324/9780203076880
Dolzer, R., Kriebaum, U., & Schreuer, C. (2022). Principles of International Investment Law. In Principles of International Investment Law. Oxford University Press. https://doi.org/10.1093/law/9780192857804.001.0001
Kohler, W., & Stähler, F. (2019). The economics of investor protection: ISDS versus national treatment. Journal of International Economics, 121. https://doi.org/10.1016/j.jinteco.2019.103254
Komalasari Dewi, Y. (2023). Global pandemics and moratorium of investment claims: A perspective from Indonesia. Cogent Business and Management, 10(1). https://doi.org/10.1080/23311975.2022.2156703
Kryvoi, Y. (2023). Definition of Foreign Investors and Protected Investments: A Comparative Analysis. Springer Studies in Law and Geoeconomics, 1. https://doi.org/10.2139/ssrn.4336132
Kusuma, E. P., & Anisah, S. (2022). The Urgency of RCEP in the Development of Indonesia Investment Law. Journal of Law and Legal Reform, 3(2), 151–184. https://doi.org/10.15294/jllr.v3i2.55169
Leonard, J., Amalia, P., & Chandrawulan, A. A. (2020). Indonesian Perspective on the Investor-State Dispute Settlement Mechanism for Foreign Investment Dispute Settlement in the Field of Intellectual Property Rights. Indonesia Law Review, 10(1), 17–28. https://doi.org/10.15742/ilrev.v10n1.615
Lie, R. H. (2022). The Influencers of International Investment Law: A Computational Study of ISDS Actors’ Changing Behavior. German Law Journal, 23(3), 350–375. https://doi.org/10.1017/glj.2022.20
Lim, C. L. (2018). Expropriation. In International Investment Law and Arbitration (pp. 323–348). Cambridge University Press. https://doi.org/10.1017/9781316847954.015
Morosini, F. C., & Xavier Junior, E. C. (2025). A new analytical matrix for understanding International Investment Law Agreements in the Global South. Journal of International Dispute Settlement, 16(2). https://doi.org/10.1093/jnlids/idaf010
Muchlinski, P., Ortino, F., & Schreuer, C. (2008). The Oxford Handbook of International Investment Law (P. Muchlinski, F. Ortino, & C. Schreuer (eds.)). Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199231386.001.0001
Nakagawa, J. (2012). Transparency in International Trade and Investment Dispute Settlement (J. Nakagawa (ed.)). Routledge. https://doi.org/10.4324/9780203077269
Nurmal, I. R. (2023). Dynamics Of Investment Regulation: A Legal Review Of Law No. 25 Of 2007 On Investment In Indonesia In Overcoming The “Investment Ghost.” Jurnal Syntax Transformation, 4(9), 111–121. https://doi.org/10.46799/jst.v4i9.820
Ossa, R., Staiger, R. W., & Sykes, A. O. (2023). Standing in international investment and trade disputes. Journal of International Economics, 145(819394), 103791. https://doi.org/10.1016/j.jinteco.2023.103791
Ouellet, A. P. (2025). The ICJ and the protection of foreign property under customary international law: quid novi? Journal of International Dispute Settlement, 16(1), 1–31. https://doi.org/10.1093/jnlids/idae026
Pang, L., Liu, L., Zhou, X., Hafeez, M., Ullah, S., & Sohail, M. T. (2024). How does natural resource depletion affect energy security risk? New insights from major energy-consuming countries. Energy Strategy Reviews, 54(2), 101460. https://doi.org/10.1016/j.esr.2024.101460
Petersmann, E.-U. (2021). Human Rights in International Investment Law and Adjudication: Legal Methodology Questions. In Handbook of International Investment Law and Policy (pp. 1707–1732). Springer Singapore. https://doi.org/10.1007/978-981-13-3615-7_27
Putro, T. A. (2021). Establishment of Omnibus Law in Solving Investment Issues in Indonesia. Indonesian Comparative Law Review, 3(2), 105–123. https://doi.org/10.18196/iclr.v3i2.12738
Rasmussen, A., & Reher, S. (2023). (Inequality in) Interest Group Involvement and the Legitimacy of Policy Making. British Journal of Political Science, 53(1), 45–64. https://doi.org/10.1017/S0007123422000242
Rimmer, M. (2024). The Regional Comprehensive Economic Partnership: intellectual property and trade in the Asia-Pacific. Asia Pacific Law Review, 32(2), 392–435. https://doi.org/10.1080/10192557.2024.2349387
Sari, N. J., Zulfikar, A. A., & Dorlah, S. (2024). Implementation of International Arbitration Awards in Indonesia from the Perspective of Legal Value Theory. Jurnal Media Hukum, 31(1), 167–185. https://doi.org/10.18196/jmh.v31i1.20026
Schill, S. W. (2009). The Multilateralization of International Investment Law. Cambridge University Press. https://doi.org/10.1017/CBO9780511605451
Siallagan, S. P., Wiwoho, J., Suryono, A., Kurniawan, I. D., & Fernandes, A. (2024). Reorienting Investment Dispute Resolution in Indonesia: Towards a Fair and Efficient System. Journal of Law and Legal Reform, 5(3), 1155–1184. https://doi.org/10.15294/jllr.v5i3.4367
Sornarajah, M. (2021). The International Law on Foreign Investment (5th ed.). Cambridge University Press. https://doi.org/10.1017/9781316459959
Surya P. Subedi. (2024). International Investment Law: Reconciling Policy and Principle (5th ed.). Hart Publishing.
Teramura, N., & Trakman, L. (2024). Confidentiality and privacy of arbitration in the digital era: pies in the sky? Arbitration International, 2(7), 277–306. https://doi.org/10.1093/arbint/aiae017
Titi, A. (2022). The Right to Regulate in International Investment Law. In International and Comparative Law Research Center. Nomos. https://doi.org/10.5771/9783845251783
Published
2025-05-31
How to Cite
Christian, J. P. (2025). Tinjauan Kritis Sistem Penyelesaian Sengketa Investasi Internasional dan Dampaknya terhadap Kepentingan Nasional Indonesia. Judge : Jurnal Hukum , 6(02), 228-243. https://doi.org/10.54209/judge.v6i02.1359
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