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Abstract

Infrastructure development is essential for boosting economic growth and improving the welfare of society. However, due to budget constraints, the government has been driven to involve private entities in infrastructure development through the Public-Private Partnership (PPP) scheme. Agreements under the PPP scheme typically span a long period. During the term of such agreements, legal changes that impact the execution of the agreements may occur. This article discusses the allocation of risks associated with legal changes between the parties in a PPP agreement based on internationally accepted risk allocation principles. The research method employed is a normative juridical approach, focusing on secondary data. The research specification used is descriptive-analytical, analyzing issues based on the principles of risk allocation in the PPP scheme, and comparing them with international practices. The research findings reveal that although the risk of legal changes is beyond the control of the private entity, the government only bears the risk of legal changes that are specific and discriminatory, while the risk of general legal changes is regarded as a business risk borne by the private entity. This risk allocation is inconsistent with international risk allocation principles and the specific conditions in Indonesia. Given that the government is the most capable of managing legal change risks, it is more appropriate for the government to bear both specific and discriminatory legal risks, as well as general legal risks

Keywords

legal change public-private partnership risk allocation

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How to Cite
Asenar, A., Suryanti, N., & Rahmawati, E. (2024). Risk Allocation of Legal Changes in Infrastructure Provision Agreements Through Public-Private Partnership Schemes. Jurnal Bina Mulia Hukum, 9(1), 142-158. https://doi.org/10.24198/jbmh.v9i1.1669
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