Open AccessArbitration as Settlement of Disputes in Foreign Investments
Author(s) -
Lilya Marischa Prihantini,
Mohammad Sood,
Lalu Muhammad Hayyanul Haq
Publication year - 2020
Publication title -
international journal of multicultural and multireligious understanding
Language(s) - English
Resource type - Journals
ISSN - 2364-5369
DOI - 10.18415/ijmmu.v7i8.1937
Subject(s) - arbitration , dispute resolution , statutory law , settlement (finance) , compulsory arbitration , alternative dispute resolution , business , law , investment (military) , foreign direct investment , government (linguistics) , relation (database) , law and economics , political science , economics , finance , politics , linguistics , philosophy , database , computer science , payment
This study aims to determine and understand the procedures for dispute resolution through arbitration in foreign investment (PMA), and how the development of arbitration is in accordance with positive knowledge and law in relation to dispute resolution in foreign investment (PMA). This research utilizes normative juridical legal research. This study uses a statutory, historical, and conceptual approach. The findings show that the procedure for disputing resolution through arbitration in foreign investment (PMA) has been confirmed in Law Number 30 of 1999 concerning Arbitration and Alternative Dispute Resolution. The development of arbitration is in accordance with positive knowledge and law in relation to dispute resolution in Foreign Investment (PMA), that investors, in this case, not all of them are able to have a positive impact on the progress of society and the Indonesian government, the legal process of arbitration in resolving disputes in foreign investment (PMA) is far from perfect words.