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All Journal Acta Comitas Sriwijaya Law Review Halu Oleo Law Review Jurnal Simbur Cahaya JURNAL PEMBANGUNAN HUKUM INDONESIA Indonesian Journal of International Law Yuridika Indonesia Law Review (ILREV) Jurnal Hukum dan Pembangunan
Yetty Komalasari Dewi
Department Of Civil Law, Faculty Of Law Universitas Indonesia
Decision Sciences, Operations Research & Management Law, Crime, Criminology & Criminal Justice Social Sciences

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Is the Measure to Phase Out Crude Palm Oil in RED II discriminatory based on the World Trade Organization Law? Laras Thyrza Amandari; Yetty Komalasari Dewi
Yuridika Vol. 37 No. 1 (2022): Volume 37 No 1 January 2022
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (600.523 KB) | DOI: 10.20473/ydk.v37i1.34596

Abstract

The European Union enacted the Renewable Energy Directive 2018/2001 (RED II) policy under the pursuit of environmental protection. The authors will analyze how RED II is discriminative toward Indonesian trade of CPO, primarily within the concept of indirect land use change (ILUC), which restricts trade toward crude palm oil (CPO) whereas other domestic like products are exempted from such reduction. After the promulgation of this policy, Indonesia requested WTO to examine whether RED II follows the international obligations set forward in WTO. The author will analyze non-discrimination under WTO Law, specifically based on the provisions of Article 2.1, 2.2, and 5.1 Technical Barriers to Trade (TBT) Agreement as well as Article III:4, XX(b), and XX(g) of General Agreement on Tariffs and Trade (GATT) 1994, alongside with relevant jurisprudence of WTO case laws. This research is conducted through juridical-normative method, which utilizes library materials and secondary data. The outcome of this study shows that RED II does violate obligations of non-discrimination based on GATT and TBT due to differential treatment of like products that inflicts less favorable treatment and unequal opportunities of competition for CPO.
Port Readiness in Facing Globalization: Indonesian Case Study Ariadno, Melda Kamil; Afriansyah, Arie; Dewi, Yetty Komalasari
Indonesia Law Review
Publisher : UI Scholars Hub

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Abstract

International trade cannot be separated from the role of international shipping. More than 80% of goods transported through sea from a region to another, from one Country to another Country. Since the dawn of the voyage, port cannot be separated from the voyage itself. Adequate port will ensure a good international shipping. Increasing number of international shipping also means increasing volume of international trade. With a variety of factors such as geographical factor, natural resources, and population, Indonesia should be a key player in international trade by sea. However, the reality is still far from ideal, especially when compared with neighboring countries. This research aims to map the condition and situation of ports in Indonesia, especially in the legal field so that can be known what things that can be recommended to optimize the role of Indonesian ports in international trade by sea.
LIABILITY OF LEGAL PERSON IN INDONESIA: A STATUTORY AND PRACTICAL REVIEW Dewi, Yetty Komalasari
Indonesia Law Review
Publisher : UI Scholars Hub

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Abstract

Liability of legal persons for criminal offences has been slowly, but making its way to the legislations of Indonesia. Trends of development indicate that the liability of legal persons for criminal offences has been regulated in few regulations and will be regulated in the bill of Indonesia Penal Code that is now being drafted. Grounds of liability of legal persons indicate that it is a question of a special from of criminal responsibility, adapted to legal persons.
In Search of Legal Foundation for Indonesian Family Firms Dewi, Yetty Komalasari
Indonesia Law Review
Publisher : UI Scholars Hub

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Abstract

One of the factors that affect Indonesia’s economic growth is the existence of business firms. Most business firms in Indonesia are in the form of family-owned firm, and they are considered to constitute the backbone of the economic development. Family firms represent the most enduring business model in the world. The continuing success of family firms through the generations relies on ensuring the next generation. However, the issue of family firms is rarely discussed in particular from the perspective of corporate law. In fact, from legal perspectives, there are some issues dealing with this type of firm, among other, the lack of an overall definition of the term “family business”. It is because family businesses and small medium enterprises (SMEs) are widely understood synonymously in spite of the fact that they exist in every size class. Other issue is the question of its legal basis or legal framework in terms of its corporate governance. Many Indonesian business players lack the basic understanding of corporate law. It is partly because obligations set out in the corporate law are incompatible with the values and cultures in Indonesia where “kinship principle” is deeply rooted. This article aims to describe the characteristics and the legal frameworks for family firms in Indonesia. It also recommends the government to take progressive measures by providing clear regulations on family firms in Indonesia. This will reinforce family firms’ contribution to economic development of Indonesia in the future.
An Ineffective Institutional Investors Law in Indonesia? Why Bother Lie, Luther; Dewi, Yetty Komalasari
Indonesia Law Review
Publisher : UI Scholars Hub

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Abstract

Corporate governance failures are one of the major factors that have crippled the Indonesian economy through financial crises. In response, the OECD has prescribed Principles II and III of the G20/OECD Principles of Corporate Governance to ensure the rights and equitable treatment of all shareholders and the acknowledged role of institutional investors in improving corporate governance. Institutional investors play a significant role as corporate monitors in protecting the public investors’ money and improving corporate financial performance. They are therefore acknowledged as the policies of economic crises, creators of firm values, and drivers of economic development. However, as this paper explains, the existing legal framework of institutional investors in Indonesia is implicit and inadequate to comply with these Principles. It draws hard lessons from, for example, the Malaysian legal framework of institutional investors, which are advanced but flawed, paving for the exceptional 1MDB multibillion dollars of corruption and political mayhems. Stakeholder governance on institutional investors that leaves to private ordering and makes government intervention unnecessary is counterproductive to protect the interests of stakeholders. This paper proposes the rules of the game for institutional investors in Indonesia that could maintain their nimbleness to drive corporate financial performance and economic development.
Perkembangan Kebijakan Green Investment Dalam Peraturan Perundang-Undangan di Indonesia Muhamad Adhi Pramana; Yetty Komalasari Dewi
Simbur Cahaya Volume 30 Nomor 1, Juni 2023
Publisher : Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28946/sc.v30i1.2833

Abstract

Investasi hijau merupakan elemen yangsangat penting dalam melindungi lingkungan dari kerusakan yang disebabkan oleh aktivitas ekonomi yang tidak ramah lingkungan, termasuk investasi non-hijau. Perkembangan investasi hijau di Indonesia masih lambat. Indonesia masih menggunakan sumber daya tak terbarukan dalam jumlah besar selain sumber daya terbarukan. Indonesia masih mengalami kesulitan untuk meningkatkan penggunaan investasi hijau karena ketergantungan yang tinggi terhadap investasi non-hijau. Dana yang dikeluarkan pemerintah untuk investasi non hijau lebih banyak dibandingkan dana untuk investasi hijau. Pemerintah menggunakan berbagai cara untuk meningkatkan investasi hijau melalui program dan aturan hijau. Pemerintah perlu menerapkan kebijakan yang tepat agar investasi hijau di Indonesia dapat berjalan sesuai dengan yang diharapkan. Penelitian ini bertujuan untuk mengetahui perkembangan investasi hijau di Indonesia di tengah pertumbuhan ekonomi saat ini. Penelitian ini menggunakan metode penelitian hukum normatif. Hasil dari Penelitian ini adalah Perkembangan investasi hijau di Indonesia masih terbilang lamban dibandingkan dengan investasi non-hijau. Jumlah investasi di sektor energi terbarukan lebih kecil dibandingkan dengan investasi non-terbarukan. Indonesia melakukan berbagai upaya untuk meningkatkan investasi hijau melalui program dan peraturan pemerintah. Program-program yang dibuat pemerintah seperti program energi, lanskap berkelanjutan, kawasan ekonomi khusus, dan dana iklim hijau. Kebijakan yang tidak konsisten menjadi salah satu penyebab investor kurang tertarik untuk menanamkan modalnya pada investasi hijau. Beberapa dasar yang dapat dijadikan acuan investasi hijau adalah secara internasional UNFCC yang dituangkan ke dalam Undang-Undang Nomor 16 Tahun 2016.
THE TRANSPARENCY PRINCIPLE IN REGIONAL DEVELOPMENT BANKS TO IMPLEMENT GOOD CORPORATE GOVERNANCE: A CASE STUDY ON PT BANK PEMBANGUNAN DAERAH JAWA TIMUR TBK Yuwana, Citranella Ramadhani; Dewi, Yetty Komalasari
Jurnal Hukum & Pembangunan
Publisher : UI Scholars Hub

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Abstract

This paper discusses the obligation of Regional Development Bank (RDB) as a Regionally-Owned Enterprises (ROE) to implement Good Corporate Governance (GCG). In particular, this paper analyzes the forms of transparency principle in RDB, specifically in PT Bank Pembangunan Daerah Jawa Timur Tbk (Bank Jatim) according to existing regulations. By using legal normative method, this paper concludes that the forms of transparency principle on RDB is divided into three parts, namely preparing reports, publishing them, and ensuring that they are publicly accessible. There are at least 8 (eight) forms of transparency principle implementation, namely monthly publication report, quarterly publication report, annual publication report, prime lending rate publication report, material information and facts publication report, information on banks product, information on the use of customers data, and GCG report.
PENDANAAN PIHAK KETIGA (THIRD PARTY FUNDING) DALAM PENYELESAIAN SENGKETA MELALUI ARBITRASE DAN KEMUNGKINAN PENERAPANNYA DI INDONESIA Temenggung, Carissa T.A.; Dewi, Yetty Komalasari
Jurnal Hukum & Pembangunan Vol. 50, No. 2
Publisher : UI Scholars Hub

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Abstract

The Third Party Funding (TPF) concept is an alternative method of funding usually applies in the dispute resolution process. Recently, the TPF concept has often been used in the process of resolving international arbitration disputes, both commercial and investment. This paper analyses the TPF concept and practices in several states, and its possible application in Indonesia. In particular, this paper discusses efforts made to regulate the TPF both in national law of several jurisdictions and in the international level, key issues within TPF in relation to the arbitration dispute resolution, and the TPF key provisions to be considered should Indonesia decides to apply such concept within its jurisdiction.
Co-Authors Arie Afriansyah Arie Afriansyah Darmawan, Aristyo Rizka Fiona Priscilia Kohar Gautama, Abhiyoga Dirdanaraputra Koentjoro, Talissa Kristantini Sugiharti Laras Thyrza Amandari Lie, Luther Melda Kamil Ariadno Melda Kamil Ariadno Muhamad Adhi Pramana Prima Yulia Jatiningsih Setiawati, Wenny Setiawati, Wenny, wsetiawati@gmail.com Temenggung, Carissa T.A. Yeni Salma Barlinti Yuwana, Citranella Ramadhani