Jurnal Hukum Mimbar Justitia
Vol 10, No 1 (2024): Published Juni 2024

Krisis dan Reformasi: Definisi Investasi dalam Perjanjian Investasi Bilateral di Negara Dunia Ketiga

Kabir, Syahrul Fauzul (Unknown)



Article Info

Publish Date
28 Jun 2024

Abstract

AbstrakPendefinisian investasi memicu krisis dalam rezim hukum investasi internasional, mendorong negara dunia ketiga seperti Indonesia, India, Brazil, dan Afrika Selatan untuk mereformasi definisi investasi dalam IIA/BIT mereka. Analisis data sekunder, termasuk Model BIT dan putusan pengadilan, menunjukkan pergeseran dari definisi investasi berbasis aset yang longgar ke model yang lebih terbatas. Indonesia mereformasi lewat Indonesia-Singapore BIT 2018, dan Brazil dengan ACFI 2015, yang memodifikasi definisi investasi berbasis aset dengan pembatasan tertentu. India lebih reformis dengan India Model BIT 2016, mengadopsi definisi investasi berbasis perusahaan. Afrika Selatan menghentikan proyek IIA dan hanya mengandalkan Protection of Investment Act 22 of 2015 dalam hukum nasional, memadukan kedua model definisi investasi. Indonesia menghadapi masalah hukum dalam harmonisasi antara IIA dan hukum nasional, karena UUPM mewajibkan definisi investasi berbasis perusahaan. AbstractThe definition of investment triggered a crisis in the international investment law regime, prompting third-world countries such as Indonesia, India, Brazil, and South Africa to reform the definition of investment in their IIAs/BITs. Analysis of secondary data, including Model BITs and court decisions, shows a shift from a loose asset-based definition of investment to a more restrictive model. Indonesia reformed with the Indonesia-Singapore BIT 2018, and Brazil with the ACFI 2015, which modified the asset-based definition of investment with certain restrictions. India was more reformist with the India Model BIT 2016, adopting a company-based definition of investment. South Africa discontinued the IIA project and relies solely on the Protection of Investment Act 22 of 2015 in national law, blending both models of investment definition. Indonesia faces legal issues in harmonisation between IIAs and national law, as the UUPM requires a company-based definition of investment. 

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Journal Info

Abbrev

jhmj

Publisher

Subject

Law, Crime, Criminology & Criminal Justice Social Sciences

Description

Focus and Scope Focus of Jurnal Hukum Mimbar Justitia has a main focus on the publication of scientific articles related to various aspects of law, both in national and international contexts. The journal aims to be a platform for academics, legal practitioners, and researchers to share knowledge, ...