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Dini Dewi Heniarti
Ilmu Hukum Fakultas Hukum Universitas Islam Bandung
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Journal : law development journal

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Reformulation of Investment Partnerships to Overcome Inequality in UMKM Empowerment Frency Siska; Dini Dewi Heniarti
Law Development Journal Vol 8, No 1 (2026): March 2026
Publisher : Universitas Islam Sultan Agung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30659/ldj.8.1.320-335

Abstract

This study aims to analyze inequality in investment partnership practices in Indonesia within the framework of empowering micro, small, and medium enterprises (UMKM), as well as formulate a concept of equitable partnerships to overcome these inequality based on Aristotle's theory of justice and progressive law. The research method used is normative juridical with a legislative, conceptual, and case approach, supported by legal materials in the form of laws and regulations, court decisions, and scientific literature. The novelty of this research lies in the integration of the principles of distributive and corrective justice with progressive legal approaches as a comprehensive framework in reformulating investment partnerships oriented towards substantive justice for UMKM. The results of the study show that although normatively the regulation of investment partnerships has been directed at the empowerment of UMKM, in practice it actually causes structural inequality due to lack of transparency, weak supervision, and imbalance in bargaining positions. As a result, UMKM often bear disproportionate risks without getting fair benefits. This study proposes that investment partnerships be redesigned to ensure a proportionate distribution of benefits and risks and supported by effective corrective mechanisms. In addition, the progressive legal approach emphasizes the importance of the role of legal institutions in prioritizing substantive justice and protecting the weak. Thus, the reformulation of investment partnerships is important so that it functions as an instrument for empowering UMKM with equity, not just a formal contractual relationship.
Co-Authors A. Harits Nu'man A. Harits Nu'man A. Harits Nu’man Agus Gede Sutamaya Agus Hadian Rahim Ahmad Baihaki Ahmad Faizal Adha Anurag Hazarika Arinto Nurcahyono Ath Thaariq Syah Putra Chepi Ali Firman Z Deisya Devita Mayshanda Dennis Fernando Dey Ravena Dey Ravena Dhody Ananta Rivandi W Dinda Sefiana Dito Permana Edi Setiadi Efik Yusdiansyah Eka Djoneri Elfrida Ratnawati Erni Rohaini Faishal Rakhman Felly Faradina Fernando, Dennis Fernando, Zico Junius Frency Siska Furi Handayani Gatot Supriyo Gialdah Tapiansari Batubara Hadi Jumhadi Hasya Fazni Pratiwi Heru Rustaman Hery Widijanto Husni Fahri Fani Ida Bagus Nyoman Dhedy Widyabawa Ifeanyi M. Nwokeocha Indra Ramadhan Jaya, Belardo Prasetya Mega Jihan Fariha Suryana Kusumah, Fardana Luthfia Qurrota Aina M. Fahreza Arifin Meliala Nur Ervianti Moh. Ari Abdul Salam Muhammad Arbi Alghiyats Muhammad Firmansyah Baharuddin Muhammad Ilman Abidin Muhammad Mahendra Maskhur Sinaga Najieh, Muhammad Fauzan Nana Supriana Nandang Sambas Neneng Hasanah Neni Ruhaeni Neni Sri Imaniyati Nining Oksidelfa Yanto Olivia Anggie Johar Pratiwi, Hasya Fazni Putri Ilma Sofiyullah Rahmat Raihan Fadhlullah R Rama Laksana Jaya Putra Ramdania, Dini Rena Yulia Ridwan Rizki Fujiyama Anindia Putri Ronaa Nabila Azzahra Setiawati, Suci Sindi Mulia Sitarini Satianti Soewarno Slamet Sarwo Edy, Slamet Sarwo Soge, Albertus D Sri Ratna Suminar Suci Setiawati Suryana, Dian Syahroni Syahroni Syireen Humaira Warisni, Rinrin Yudha Wino Prihandoko Yusrawati Yusrawati Zainur Arifin Syah Zulhendrawan