The urgency of law reforms on economic crimes in Indonesia
The Indonesia’s economy has experienced rapid and massive development. Even after its contraction due to the pandemic in 2020, the economic growth of Indonesia is still highly significant. Digital transactions play an important role in the economic development. However, the economic growth may poten...
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| Format: | Article |
| Language: | English |
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Cogent OA
2023
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| Online Access: | https://repository.ugm.ac.id/284364/1/Muhammad%20fatahillah%20Akbar%20-%20The%20urgency%20of%20law%20reforms%20on%20economic%20crimes%20in%20Indonesia%20%281%29.pdf |
| _version_ | 1826050791120568320 |
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| author | Akbar, Muhammad Fatahillah |
| author_facet | Akbar, Muhammad Fatahillah |
| author_sort | Akbar, Muhammad Fatahillah |
| collection | UGM |
| description | The Indonesia’s economy has experienced rapid and massive development. Even after its contraction due to the pandemic in 2020, the economic growth of Indonesia is still highly significant. Digital transactions play an important role in the economic development. However, the economic growth may potentially lead to considerable number of economic crimes. To deal with them, the penal policy on economic crimes has not been developed according to the growth. The disparity among criminal provisions in economic sectors results in legal uncertainty in the enforcement of economic crimes. This research aims to shed a light on the current penal policy on economic crimes and the urgency of the reform on the economic criminal law. It is concluded that the Economic Crimes Law 1955 is no longer relevant to eradicate economic crimes in Indonesia. Furthermore, Indonesia Penal Code is far left behind by the current economic development. Therefore, a far-reaching reform is necessary. The partial reform of economic criminal law through various legislations has resulted in the legal uncertainty. For instance, they embrace different corporate criminal liability and sentencing principles. Hence, it is important to formulate a law on the principles of economic criminal law applying to all economic crimes. |
| first_indexed | 2024-03-14T00:10:08Z |
| format | Article |
| id | oai:generic.eprints.org:284364 |
| institution | Universiti Gadjah Mada |
| language | English |
| last_indexed | 2024-03-14T00:10:08Z |
| publishDate | 2023 |
| publisher | Cogent OA |
| record_format | dspace |
| spelling | oai:generic.eprints.org:2843642023-12-18T04:59:29Z https://repository.ugm.ac.id/284364/ The urgency of law reforms on economic crimes in Indonesia Akbar, Muhammad Fatahillah Commercial and Contract Law The Indonesia’s economy has experienced rapid and massive development. Even after its contraction due to the pandemic in 2020, the economic growth of Indonesia is still highly significant. Digital transactions play an important role in the economic development. However, the economic growth may potentially lead to considerable number of economic crimes. To deal with them, the penal policy on economic crimes has not been developed according to the growth. The disparity among criminal provisions in economic sectors results in legal uncertainty in the enforcement of economic crimes. This research aims to shed a light on the current penal policy on economic crimes and the urgency of the reform on the economic criminal law. It is concluded that the Economic Crimes Law 1955 is no longer relevant to eradicate economic crimes in Indonesia. Furthermore, Indonesia Penal Code is far left behind by the current economic development. Therefore, a far-reaching reform is necessary. The partial reform of economic criminal law through various legislations has resulted in the legal uncertainty. For instance, they embrace different corporate criminal liability and sentencing principles. Hence, it is important to formulate a law on the principles of economic criminal law applying to all economic crimes. Cogent OA 2023 Article PeerReviewed application/pdf en https://repository.ugm.ac.id/284364/1/Muhammad%20fatahillah%20Akbar%20-%20The%20urgency%20of%20law%20reforms%20on%20economic%20crimes%20in%20Indonesia%20%281%29.pdf Akbar, Muhammad Fatahillah (2023) The urgency of law reforms on economic crimes in Indonesia. Cogent Social Sciences, 9 (1). https://www.tandfonline.com/doi/full/10.1080/23311886.2023.2175487 |
| spellingShingle | Commercial and Contract Law Akbar, Muhammad Fatahillah The urgency of law reforms on economic crimes in Indonesia |
| title | The urgency of law reforms on economic crimes in Indonesia |
| title_full | The urgency of law reforms on economic crimes in Indonesia |
| title_fullStr | The urgency of law reforms on economic crimes in Indonesia |
| title_full_unstemmed | The urgency of law reforms on economic crimes in Indonesia |
| title_short | The urgency of law reforms on economic crimes in Indonesia |
| title_sort | urgency of law reforms on economic crimes in indonesia |
| topic | Commercial and Contract Law |
| url | https://repository.ugm.ac.id/284364/1/Muhammad%20fatahillah%20Akbar%20-%20The%20urgency%20of%20law%20reforms%20on%20economic%20crimes%20in%20Indonesia%20%281%29.pdf |
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