cover
Contact Name
Mochammad Tanzil Multazam
Contact Email
tanzilmultazam@umsida.ac.id
Phone
-
Journal Mail Official
p3i@umsida.ac.id
Editorial Address
Universitas Muhammadiyah Sidoarjo Majapahit 666 B, Sidoarjo, East Java Indonesia
Location
Kab. sidoarjo,
Jawa timur
INDONESIA
Indonesian Journal of Law and Economics Review
ISSN : -     EISSN : 25989928     DOI : https://doi.org/10.21070/ijler
Core Subject : Economy, Social,
Indonesian Journal of Law and Economics Review (IJLER) is published by Universitas Muhammadiyah Sidoarjo four times a year. This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.This journal aims is to provide a place for academics and practitioners to publish original research and review articles. The articles basically contains any topics concerning Law and Economics. IJLER is available in online version. Language used in this journal is Indonesia or English.
Arjuna Subject : Ilmu Sosial - Hukum
Articles 61 Documents
Search results for , issue "Vol. 20 No. 4 (2025): November" : 61 Documents clear
The Business Judgment Rule in the Context of Directors’ Liability: A Comparative Study of the United States, Canada, and Indonesia: Business Judgment Rule dalam Perspektif Pertanggungjawaban Direksi: Studi Perbandingan Amerika Serikat, Kanada, dan Indonesia Sanyoto, Alicia Andromeda; Lie, Gunardi
Indonesian Journal of Law and Economics Review Vol. 20 No. 4 (2025): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i4.1387

Abstract

General background: Directors hold a strategic role in corporate governance, yet not all business decisions generate profits, exposing them to potential personal liability. Specific background: Differentiating reasonable business risks from negligence or bad faith remains a legal challenge across jurisdictions. Knowledge gap: Although the Business Judgment Rule, BJR, aims to protect directors who act prudently, in good faith, and based on adequate information, its formulation and judicial application differ significantly in the United States, Canada, and Indonesia, with Indonesia showing limited and inconsistent enforcement. Aims: This study analyzes the regulation and implementation of BJR in the three jurisdictions to evaluate how each balances managerial discretion and legal accountability. Results: The United States applies BJR as a strong presumption safeguarding informed and loyal decisions, Canada emphasizes judicial restraint based on the fairness of the decision-making process, and Indonesia codifies BJR principles but lacks clear evaluative standards in practice. Novelty: The study provides a comparative understanding of doctrinal and structural differences that shape the scope of director protection. Implications: Strengthening BJR interpretation and judicial guidelines in Indonesia is crucial to prevent hindsight bias, support responsible risk-taking, and enhance legal certainty in corporate governance. Highlights: The Business Judgment Rule protects directors who act in good faith, prudently, and with adequate information. The United States and Canada apply BJR through strong judicial restraint, while Indonesia’s application remains limited. Clearer BJR standards in Indonesia are essential to reduce hindsight bias and strengthen corporate governance. Keywords: Business Judgment Rule, Directors’ Liability, Comparative Corporate Law, Fiduciary Duty, Legal Accountability.
China’s Technological Self-Reliance Strategy in Responding to Western Corporate Monopoly and Dominance in the Technology Sector: A Legal Review of Competition Law across Various Legal Instruments: Strategi Kemandirian Teknologi Tiongkok dalam Menghadapi Monopoli dan Dominasi Korporasi Barat di Bidang Teknologi: Suatu Tinjauan Hukum Persaingan Usaha dalam Berbagai Produk Hukum Putra, Louis Sebastian Anot; Lie, Gunardi
Indonesian Journal of Law and Economics Review Vol. 20 No. 4 (2025): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i4.1388

Abstract

Background (General): Western technological dominance has shaped global markets and innovation trajectories, creating structural imbalances in competition. Background (Specific): China faces this asymmetry with the rise of U.S. legal, economic, and technological pressures, particularly during escalating trade conflicts. Knowledge Gap: While many studies address industrial policy or competition law separately, limited scholarship integrates how China’s legal framework functions simultaneously as market regulation and geopolitical strategy. Aim: This study examines China’s technological self-reliance strategy by evaluating the role of the Anti-Monopoly Law (AML) alongside major industrial policies in countering Western corporate hegemony. Results: Findings demonstrate that China employs AML with dual functionality—disciplining domestic giants such as Alibaba while fortifying national sovereignty against foreign corporate influence—and aligns this with three major initiatives: Made in China 2025, Dual Circulation Strategy, and China Standards 2035 to strengthen manufacturing capability, market independence, and global standard-setting authority. Novelty: Unlike traditional market-driven antitrust systems, China adopts state-oriented “antitrust mercantilism,” integrating competition law with industrial modernization and geopolitical objectives. Implications: The study indicates a shift in global competition norms, where national legal instruments increasingly function not only to balance market fairness but also to challenge structural dominance and redistribute global technological power. Highlights: China integrates antitrust law with industrial policy to strengthen technological independence. The strategy responds directly to Western corporate and geopolitical dominance in global technology. Policies such as MIC 2025, DCS, and China Standards 2035 reinforce sovereignty and global competitiveness. Keywords: Technological Self-Reliance, Anti-Monopoly Law, Industrial Policy, Western Dominance, China Strategy
Regulatory Disharmony of Corporate Social Responsibility (CSR) between State-Owned and Private Enterprises and Its Implications for Sustainable Development Indicators in Indonesia: Disharmoni Pengaturan Corporate Social Responsibility (CSR) antara Badan Usaha Milik Negara dan Perusahaan Swasta serta Implikasinya terhadap Tolok Ukur Pembangunan Berkelanjutan di Indonesia Andriani, Kasmita; Lie, Gunardi
Indonesian Journal of Law and Economics Review Vol. 20 No. 4 (2025): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i4.1389

Abstract

General Background: Corporate Social Responsibility (CSR) in Indonesia has transitioned toward the Triple Bottom Line, positioning CSR as a key driver of sustainable development. Specific Background: However, its implementation exhibits regulatory differences between State-Owned Enterprises (SOEs) and private companies, creating inconsistencies in legal obligations and funding mechanisms. Knowledge Gap: Existing CSR regulations emphasize formal compliance rather than measurable, sustainable impact, and little research examines how regulatory disharmony affects effectiveness. Aims: This study analyzes the juridical implications of regulatory disparities and evaluates CSR success benchmarks in relation to sustainable development principles. Results: Findings reveal two major implications: (1) discriminatory treatment, as CSR is mandatory for non–natural resource SOEs but voluntary for similar private firms, contradicting equality before the law; and (2) legal uncertainty due to conflicting norms on CSR funding sources. Additionally, a substantive gap appears between legal requirements and sustainability-oriented effectiveness indicators. Novelty: The study integrates legal analysis with sustainable development metrics, highlighting the need to shift CSR evaluation from compliance-based to impact-based frameworks. Implications: Harmonizing CSR regulation and adopting outcome-oriented benchmarks are essential to strengthen CSR’s contribution to Indonesia’s sustainable development agendas. Highlights: Regulatory inconsistencies create unequal CSR obligations between SOEs and private firms. Conflicting norms on funding sources generate legal uncertainty in CSR implementation. Effective CSR requires shifting from compliance-based evaluation to impact-based benchmarks. Keywords: CSR, Regulatory Disharmony, State-Owned Enterprises, Sustainable Development, Legal Uncertainty
Legal Implications Following the Constitutional Court Decision No. 24/PUU-XX/2022 and the Supreme Court Circular No. 2 of 2023 Regarding the Prohibition for Courts to Grant Marriage Registration Requests Across Different Religions: Implikasi Hukum Pasca Keluarnya Putusan Mahkamah Konstitusi Nomor 24/PUU-XX/2022 dan Surat Edaran Mahkamah Agung Nomor 2 Tahun 2023 tentang Larangan Pengadilan untuk Mengabulkan Permohonan Pencatatan Perkawinan Beda Agama Siarill, Jonathan Hervine; Djaja, Benny
Indonesian Journal of Law and Economics Review Vol. 20 No. 4 (2025): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i4.1390

Abstract

General Background: Interfaith marriage in Indonesia remains a complex legal issue due to the intertwining of religious norms and state administrative authority. Specific Background: The Constitutional Court Decision No. 24/PUU-XX/2022 and Supreme Court Circular No. 2/2023 further restrict court-granted registration of interfaith marriages by reaffirming the primacy of religious validity. Knowledge Gap: Despite extensive debate, limited research analyzes the combined legal, administrative, and human rights implications arising from both instruments. Aims: This study examines the legal consequences of the Court’s decision and the Circular, focusing on their impact on legal certainty, constitutional rights, and the status of interfaith families. Results: Using a normative juridical approach, the findings show that delegating substantive validity to religion and limiting administrative registration creates legal uncertainty, a regulatory vacuum, and discriminatory outcomes affecting marital status, children’s rights, inheritance, and civil documentation. Novelty: This research offers an integrated assessment of constitutional, administrative, and human rights dimensions, highlighting normative dissonance between constitutional guarantees and religion-based administrative practices. Implications: The study underscores the need for regulatory harmonization and proposes exploring civil marriage mechanisms to ensure legal certainty, equality before the law, and protection of fundamental rights within Indonesia’s pluralistic society. Highlights: Highlights the legal vacuum created by relying solely on religious validity for marriage recognition. Emphasizes the conflict between constitutional guarantees and restrictive administrative practice. Proposes civil marriage as a potential solution to ensure equal legal protection. Keywords: Interfaith Marriage, Legal Certainty, Constitutional Rights, Administrative Law, Human Rights
Reconstruction of Business Licensing Governance Through Online Single Submission (OSS) from the Perspective of Efficiency and Legal Certainty: Rekonstruksi Tata Kelola Perizinan Usaha Melalui Online Single Submission (OSS) Menurut Perspektif Efisiensi dan Kepastian Hukum Leonardi, Leonardi; Tundjung, Tundjung
Indonesian Journal of Law and Economics Review Vol. 20 No. 4 (2025): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i4.1391

Abstract

General Background: Indonesia has introduced the Online Single Submission (OSS) system to streamline licensing and strengthen legal certainty in business administration. Specific Background: Despite continuous regulatory reforms, OSS implementation still encounters technical, institutional, and regulatory inconsistencies between central and regional authorities. Knowledge Gap: Existing studies rarely integrate analyses of procedural efficiency and legal certainty while also proposing a structured governance reconstruction model. Aims: This study examines OSS performance through the lenses of efficiency and legal certainty and formulates a comprehensive reconstruction framework for improved licensing governance. Results: Findings show that OSS effectively simplifies several procedures but remains hindered by uneven digital infrastructure, inconsistent regulatory synchronization, limited institutional readiness, and the absence of an internal dispute-resolution mechanism. Novelty: The study offers an integrated reconstruction model combining legal harmonization, institutional coordination, and technological strengthening to address both efficiency and legal certainty deficits. Implications: Strengthening OSS governance is essential for enhancing investment climate, ensuring predictable licensing outcomes, and supporting good governance principles in Indonesia’s public administration. Highlights: Highlights the dual challenges of efficiency gaps and legal uncertainty in OSS implementation. Emphasizes the need for regulatory harmonization and institutional coordination across sectors and regions. Proposes a comprehensive reconstruction model integrating legal, institutional, and technological improvements. Keywords: Online Single Submission, Business Licensing, Efficiency, Legal Certainty, Governance Reconstruction
The Legal Status of a Breached Indemnity Agreement in the Submission of Surety Bond Claims (Case Study of Decision No. 780/Pdt.G/2022/PN Jkt.Pst): Kedudukan Hukum Perjanjian Ganti Rugi (Indemnity Agreement) yang Wanprestasi dalam Proses Pengajuan Klaim Surety Bond (Studi Kasus Putusan No. 780/Pdt.G/2022/PN Jkt.Pst) Wijaya, Jonathan; Djajaputra, Gunawan
Indonesian Journal of Law and Economics Review Vol. 20 No. 4 (2025): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i4.1392

Abstract

General Background: Surety bonds function as key legal instruments ensuring performance in Indonesia’s construction and procurement sectors. Specific Background: When a principal defaults and the surety pays the obligee’s claim, the indemnity agreement becomes central to determining the surety’s right of recourse. Knowledge Gap: However, limited scholarly attention has examined the legal force of breached indemnity agreements and the procedural barriers that may obstruct enforcement. Aims: This study analyzes the legal status and binding effect of indemnity agreements when principals fail to reimburse sureties, using District Court Decision No. 780/Pdt.G/2022/PN Jkt.Pst as a case study. Results: Findings show that the indemnity agreement constitutes an independent and binding contract under Article 1338 of the Civil Code, giving the surety an automatic and unconditional right of recourse once a claim is paid. The principal’s non-payment constitutes clear breach, triggering liability for reimbursement, penalties, and legal costs. Nonetheless, the lawsuit was declared inadmissible due to error in persona, preventing substantive examination. Novelty: This study demonstrates that substantive contractual strength alone is insufficient without procedural precision in constructing parties to the lawsuit. Implications: Effective enforcement of surety rights requires harmonizing contractual validity with strict procedural compliance to ensure legal certainty. Highlights: The indemnity agreement holds independent and binding legal force, giving the surety an unconditional right of recourse. Principal’s failure to reimburse constitutes clear breach, triggering liability for reimbursement, penalties, and legal costs. Procedural errors (error in persona) can nullify an otherwise strong substantive claim, preventing judicial examination. Keywords: Indemnity Agreement, Surety Bond, Breach of Contract, Right of Recourse, Error in Persona
The Role of Notarial Deeds in Avoiding Default on Debt Agreements: Peran Akta Notaris dalam Menghindari Wanprestasi pada Perjaanjian Utang Piutang Saputra, Ardiansyah; Djajaputra, Gunawan
Indonesian Journal of Law and Economics Review Vol. 20 No. 4 (2025): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i4.1393

Abstract

General Background: Debt–credit agreements constitute a common legal instrument in civil and commercial transactions, yet remain vulnerable to default, which often triggers disputes and economic losses. Specific Background: Notarial deeds are legally recognized as authentic instruments that provide preventive and evidentiary strength in structuring such agreements. Knowledge Gap: However, limited scholarly attention has been given to examining how notarial intervention substantively reduces the risk of wanprestasi and strengthens creditor protection. Aims: This study aims to analyze the preventive role of notaries in drafting balanced loan agreements and to evaluate how authentic deeds reinforce creditors’ legal standing in cases of default. Results: Findings show that notaries not only ensure the legal validity and proportionality of contractual clauses but also provide legal certainty through authentic deeds that permit direct execution without complex litigation. Novelty: This research highlights the dual preventive–executory function of notarial deeds, demonstrating their critical contribution to both dispute avoidance and expedited enforcement. Implications: Strengthening notarial practice and public awareness of authentic deeds can significantly enhance legal protection in loan agreements, reduce default risks, and promote a more secure civil transaction environment. Highlights: Notarial deeds function preventively by ensuring balanced and lawful clauses in debt–credit agreements. Authentic notarial deeds give creditors strong evidentiary power and enable direct execution in cases of default. Strengthening notarial practice and public awareness reduces dispute risk and enhances legal certainty in civil transactions. Keywords: Debt–Credit Agreement, Notarial Deed, Default (Wanprestasi), Creditor Protection, Authentic Instrument
Analysis of the Validity of Electronic Evidence in Criminal Trial Proceedings and the Implementation of Its Admissibility (Judgment Study): Analisis Keabsahan Bukti Elektronik dalam Pemeriksaan Persidangan Perkara Pidana dan Implementasi Admisibilitasnya (Studi Putusan) Vanessa, Vanessa; Firmansyah, Hery
Indonesian Journal of Law and Economics Review Vol. 20 No. 4 (2025): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i4.1395

Abstract

General Background: The rapid expansion of digital technology has reshaped evidentiary practices in criminal proceedings, introducing electronic evidence with characteristics distinct from conventional physical proof. Specific Background: Despite the legal recognition of electronic evidence through the ITE Law and its amendments, its vulnerability to manipulation demands strict compliance with formal and material validity requirements, including authentication and digital forensic examination. However, Indonesian courts often differ in implementing these standards. Knowledge Gap: The inconsistency in applying formal requirements—particularly digital forensic authentication—creates uncertainty regarding the admissibility and evidentiary value of electronic evidence. Aims: This study analyzes the legal validity of electronic evidence in criminal trials and examines how admissibility is implemented in practice through case studies of Decisions No. 175/Pid.Sus/2024/PN Jmb and No. 60/Pid.B/2019/PN Drh. Results: Findings show that courts inconsistently apply authentication procedures; some accept electronic evidence without forensic verification, while others rely on comprehensive digital forensic analysis to establish authenticity and integrity. Novelty: This research offers a comparative doctrinal assessment demonstrating how differing implementations of formal and material requirements directly affect evidentiary certainty. Implications: Uniform technical guidelines for digital forensic standards and judicial assessment are essential to ensure legal certainty, safeguard due process, and strengthen the probative value of electronic evidence in Indonesia’s criminal justice system. Highlights: Electronic evidence requires both formal (authenticity, integrity) and material (relevance, reliability) validity to be legally admissible. Courts show inconsistent implementation, with some accepting electronic evidence without forensic authentication. Digital forensics strengthens evidentiary certainty by verifying data integrity and supporting judicial accuracy. Keywords: Electronic Evidence, Digital Forensics, Admissibility, Criminal Procedure, Authentication
Implementation of Punishment for Perpetrators of Aggravated Theft Based on the New Criminal Code: Implementasi Pemidanaan Terhadap Pelaku Tindak Pidana Pencurian Dengan Pemberatan Berdasarkan KUHP Baru Reano, Arfan; Prasetyo, Boedi
Indonesian Journal of Law and Economics Review Vol. 20 No. 4 (2025): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i4.1397

Abstract

General background: Aggravated theft remains one of the most prevalent property crimes in Indonesia, generating significant social and economic harm. Specific background: The enactment of the New Criminal Code (Law No. 1 of 2023) introduces substantial reforms to the formulation and classification of aggravated theft, replacing the long-standing provisions under Article 363 of the former Criminal Code. Knowledge gap: Despite these changes, there is limited scholarly analysis regarding how the new provisions affect sentencing practices, evidentiary assessment, and legal certainty within the criminal justice system. Aims: This study analyzes the implementation of criminal sentencing for aggravated theft under Article 477 of the New Criminal Code and compares it with the regulatory framework of the previous code. Results: The findings indicate that the New Criminal Code provides clearer, more systematic, and more coherent formulations of aggravating factors, alongside more proportional sentencing scales, thereby facilitating investigation, prosecution, and judicial decision-making. Novelty: This study demonstrates that the restructuring of aggravated theft provisions enhances interpretive consistency and reduces ambiguity in legal application. Implications: Overall, the revised provisions strengthen sentencing effectiveness, reinforce deterrence, and establish greater legal certainty in adjudicating aggravated theft cases. Highlights: Clarifies the shift from Article 363 (Old KUHP) to Article 477 (New KUHP) in defining aggravated theft. Highlights improved clarity, structure, and proportionality in the New Criminal Code’s sentencing framework. Emphasizes the enhanced legal certainty and consistency for law enforcement and judicial practice. Keywords: Aggravated Theft, New Criminal Code, Sentencing, Legal Certainty, Proportionality  
Legal Certainty in Employment Termination Protection for Permanent Workers in Outsourcing Companies: An Analysis of Industrial Relations Court Decision No. 267/Pdt.Sus-PHI/2022/PN.Jkt.Pst: Kepastian Hukum dalam Perlindungan Pemutusan Hubungan Kerja bagi Pekerja Tetap di Perusahaan Outsourcing: Analisis Putusan Pengadilan Hubungan Industrial Nomor 267/Pdt.Sus-PHI/2022/PN.Jkt.Pst Setiadi, Margaretha Putri; Rasji, Rasji
Indonesian Journal of Law and Economics Review Vol. 20 No. 4 (2025): November
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v20i4.1398

Abstract

General Background: Outsourcing has become a prevalent labor practice in Indonesia, yet its implementation often creates legal uncertainty for permanent workers, particularly during termination of employment (PHK). Specific Background: The Industrial Relations Court (PHI) Decision No. 267/Pdt.Sus-PHI/2022/PN.Jkt.Pst highlights inconsistencies in applying normative protections for outsourced workers following unilateral termination by PT G4S Security Services. Knowledge Gap: Despite existing regulations and judicial guidelines such as SEMA No. 3/2015, limited studies examine the judicial deviation from these norms and its implications for legal certainty and substantive justice. Aims: This study analyzes judicial reasoning behind the non-application of SEMA No. 3/2015 and assesses its juridical consequences for worker protection in the outsourcing system. Results: Findings indicate that the judges prioritized substantive justice by granting full process wages and reinstatement, deviating from the six-month wage limit mandated by SEMA. Novelty: The study offers a comparative analysis between the PHI decision and Supreme Court Decision No. 393 K/Pdt.Sus-PHI/2024, revealing structural inconsistency in enforcing legal certainty. Implications: These inconsistencies highlight the urgent need to harmonize judicial guidelines and strengthen regulatory protections to ensure fairness and clarity for outsourced workers. Highlights: Emphasizes the tension between substantive justice and legal certainty in PHK cases for outsourced permanent workers. Highlights judicial deviation from SEMA No. 3/2015, especially regarding the six-month limit on process wages. Shows the need to harmonize regulations and judicial guidelines to strengthen protection for outsourced workers. Keywords: Legal Protection, Permanent Workers, Outsourcing, Termination of Employment, Legal Certainty