Governing International Commercial Contract Law: The Framework of Implementation to Establish the ASEAN Economy Community 2015

Abstract

The Head of the State Association of South East Asian Nations (ASEAN) in Summit of Association of South East Asian Nations (ASEAN) in 2007 on Cebu, Manila agreed to accelerate the implementation of ASEAN Economy Community (AEC), which was originally 2020 to 2015. This means that within the next seven months, the people of Indonesia and ASEAN member countries more integrated into one large house named AEC. This in turn will further encourage increased volume of international trade, both by the domestic consumers to foreign businesses, among foreign consumers by domestic businesses, as well as between foreign entrepreneurs with domestic businesses. As a result, the potential for legal disputes between the parties in international trade transactions can not be avoided. This study aims to assess the significance of the governing of International Commercial Contract Law for Indonesia in the framework of the implementation of establishing the AEC 2015 and also to find legal principles underlying governing it so as to provide a valuable contribution to the development of Indonesian national law. The theory is used to analyze in this research is the theory of "utility" and theory of “integral”. While research method used in a normative juridical research, namely through library research to assess the positive legal rules and principles of law. The approach used is a statute approach, a conceptual approach and a historical approach.



Author Information
Taufiqurrahman, University of Wijaya Putra, Indonesia
Budi Endarto, University of Wijaya Putra, Indonesia

Paper Information
Conference: ACBPP2015
Stream: Law and Economics

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