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Legal analysis of the implementation of umbrella clauses principle in bilateral investment treaties in Indonesia
Hendrawan D.a, Dewi E.F.b, Anggara Wisesa W.V.b, Soekarno S.b, Widodo A.R.A.b
a Maranatha Christian University, Indonesia
b Institut Teknologi Bandung, Indonesia
[vc_row][vc_column][vc_row_inner][vc_column_inner][vc_separator css=”.vc_custom_1624529070653{padding-top: 30px !important;padding-bottom: 30px !important;}”][/vc_column_inner][/vc_row_inner][vc_row_inner layout=”boxed”][vc_column_inner width=”3/4″ css=”.vc_custom_1624695412187{border-right-width: 1px !important;border-right-color: #dddddd !important;border-right-style: solid !important;border-radius: 1px !important;}”][vc_empty_space][megatron_heading title=”Abstract” size=”size-sm” text_align=”text-left”][vc_column_text]© 2018 Allied Business Academies.Developing countries have the need for capital to build their country. One way to get capital is to open foreign investment in the country. Implementation of the opening of foreign capital investment is done by making international agreements between countries. This is done to attract foreign investors to enter the country. One of the countries that make foreign investment is Indonesia. Indonesia made Bilateral Investment treaties as one of the international agreements to make foreign investment to enter and invest in Indonesia. One of the clauses inherent in bilateral investment treaties is the umbrella clause. Umbrella clause is used to protect foreign investors who enter the country against the rules that can harm these investors. This paper seeks to analyse the origin and foundation of the existence of Bilateral Investment Treaties in Indonesian laws and regulations, the implementation and the consequences of umbrella clauses in legal context, and practical application run by a special investment-related agency, the Investment Coordinating Board in carrying out bilateral investment in the context of the umbrella clause. The study results reveal important changes in Indonesia’s orientation, through recent regulatory legislation, in an effort to more open to foreign investment, and to protect it.[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Author keywords” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Indexed keywords” size=”size-sm” text_align=”text-left”][vc_column_text]Bilateral investment treaties,Foreign investment,Umbrella clause[/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”Funding details” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][vc_empty_space][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][vc_empty_space][megatron_heading title=”DOI” size=”size-sm” text_align=”text-left”][vc_column_text][/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]Widget Plumx[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1624528584150{padding-top: 25px !important;padding-bottom: 25px !important;}”][/vc_column][/vc_row]