LEGAL CERTAINTY FOR INVESTORS IN CONDOTEL OWNERSHIP TO SUPPORT SUSTAINABLE TOURISM ACCOMUDATION Ni Nyoman Sukariati
LEGAL STUDY PROGRAM DOCTORAL PROGRAM
WARMADWA UNIVERSITY POSTGRADUATE PROGRAM
WARMADEWA UNIVERSITY
Abstract
Legal certainty is essential for attracting foreign investment and promoting sustainable tourism development. The current legal framework for condotel ownership in Indonesia is not clear, which is a major obstacle to investment in condotels. This paper argues that the reforms to the legal framework for condotel ownership in Indonesia should be designed to increase legal certainty and to make it easier for investors to purchase and sell condotel units.The paper begins by defining legal certainty and discussing its importance in the context of investment and tourism. The paper then goes on to examine the legal framework for condotel ownership in Indonesia. The paper finds that the current legal framework is not clear and that this lack of clarity is a major obstacle to investment in condotels.The paper then discusses the implications of the lack of legal certainty for investors and for the tourism industry. The paper argues that the lack of legal certainty discourages investment and makes it difficult for developers to attract financing. The paper also argues that the lack of legal certainty makes it difficult for investors to sell their condotel units, which can lead to financial losses.The paper concludes by calling for reforms to the legal framework for condotel ownership in Indonesia. The paper argues that the reforms should be designed to increase legal certainty and to make it easier for investors to purchase and sell condotel units.The paper makes a number of important contributions to the literature on legal certainty and tourism investment. The paper provides a clear and concise definition of legal certainty and discusses its importance in the context of investment and tourism. The paper also provides a detailed analysis of the legal framework for condotel ownership in Indonesia. The paper^s findings and recommendations are likely to be of interest to investors, developers, and policymakers in Indonesia.
