THE LEGAL CONSEQUENCES OF THE GOVERNMENT’S POLICY OF ATTRACTING FOREIGN INVESTORS BASED ON THE OMNIBUS LAW

Abstract

Legal issues arose related to the existence of the article that was quite controversial among law enforcers. It refers to the Employment Copyright Law: Omnibus Law, which was adopted within Management Rights over HGB and HP land granted for a period of 90 years. This policy reduces the authority of the Land Bank. However, this law raises the pros and cons of the issue of supremacist violations against foreign investment business entities that violate the Constitutional Court’s decision. Then, the HGU or Right to Use HPL land can be given an extension as well as the authority to cancel regional regulations which indirectly violated the constitutional obligations of the State and the Government over agrarian resources in the country by presidential regulations. Besides, there is also a violation of motives in the monopoly speculation of the land bank. To accommodate, manage and carry out transactions for buying and selling state lands, the Land Bank (BT) institution was formed. BT manages the lands claimed by the state as a result of the implementation of the domain agreement, which are designated as assets of the Land Bank in the form of HPL. However, the source of funding can come from third parties, including debts from foreign institutions that causes conflicts of interest violating the elements of the provisions of granting management rights.