Fesya, Aicha Azdina Adly
International Open University Gambia

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Utilization of Commercial Law to Promote Public Welfare and Legal Certainty for Business Actors Fesya, Aicha Azdina Adly; Siregar, Alya Rayana
AT-TAFAHUM: Journal of Islamic Law Vol 7, No 2 (2023)
Publisher : Program Pascasarjana UIN Sumatera Utara Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.7006/attafahum.v7i2.29059

Abstract

The use of commercial law plays a strategic role in promoting public welfare while ensuring legal certainty for business actors. This study aims to analyze how commercial law instruments, including agreements, consumer protection, and competition regulations, can be optimized to create a fair, transparent, and sustainable business climate. The method used is a normative juridical approach with a literature review of laws and related literature. The results show that strong legal certainty increases business and investor confidence, thereby encouraging economic growth and expanding employment opportunities. Furthermore, effective legal protection can also reduce fraudulent practices and business disputes. Therefore, optimizing the use of commercial law is key to realizing public welfare and national economic stability. However, challenges remain, including weak law enforcement, low legal literacy among small business actors, and inconsistent regulations. Therefore, policy reform, capacity building of law enforcement officers, and ongoing education are needed to optimally achieve these goals.