JURIDICAL REVIEW OF GLOBAL TRENDS RESTRUCTURING THE BILATERAL INVESTMENT TREATY MODEL IN THE POINT OF VIEW OF THE INDONESIAN LEGAL SYSTEM

Abstract

The economic growth of a country is inseparable from the economic system adopted by the country, not only that tactical and targeted steps are also important in increasing economic growth in a country, therefore in international associations, collaboration between countries is needed, with various forms, along with the times, treaty models and collaboration models, one of which is bilateral investment agreements. The purpose of this study is to find out what is the qualification of the Bilateral Investment Treaty itself, and how is the application of the Bilateral Investment Treaty between countries carried out by Indonesia. The research method used in this study is a normative juridical method, which prioritizes secondary data, such as legal rules, books and legal journals, both online and offline. The restructuring of this bilateral investment treaty is the key to the success of collaborative relations between States, this creates a stigma that large countries can no longer depend on clauses that are not in accordance with the times, or are no longer relevant to the current situation. This is a good momentum because relations between countries are no longer biased when making a treaty, but as the name implies, international agreements between two countries at this time can be truly bilateral, fair and agreed to find solutions that benefit both parties.