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Bilateral Investment Treaties in the Digital Era: Implications for Technology and Media Regulation

Indonesia Media Law Review · Vol. 4 No. 2 (2025) · hlm. 244–283

DOI
10.15294/imrev.v4i2.37742
ISSN
2829-7423, 2829-7628
Terbit
2025-12-31
Penerbit
Universitas Negeri Semarang
Bahasa
eng
Lisensi
creativecommons.org/licenses/by-sa/4.0

Abstrak

The rapid expansion of digital technologies has transformed the global investment landscape, prompting states to revisit the structure and objectives of Bilateral Investment Treaties (BITs). Initially designed to protect tangible investments through guarantees such as fair and equitable treatment (FET), non-discrimination, and protection against expropriation, BITs now confront a new set of regulatory challenges associated with cross-border data flows, platform governance, and digital sovereignty. The rise of technology and media platforms-characterized by their intangible, mobile, and data-driven nature-raises fundamental questions regarding the definition of “investment,” the scope of investor rights, and the extent of state regulatory space. This article examines the evolution of BITs in the digital era using a normative juridical method, focusing on how international investment law interacts with technology and media regulation. Through analysis of key jurisprudence, particularly Yahoo! Inc. v. LICRA and UEJF and the Schrems I & II decisions of the Court of Justice of the European Union (CJEU), the study demonstrates that the digital ecosystem demands more adaptive treaty frameworks capable of balancing investor protection with legitimate regulatory objectives such as privacy, cybersecurity, and content governance. The article also evaluates Indonesia’s regulatory landscape, including the Information and Electronic Transactions Law (UU ITE) and the Personal Data Protection Law (UU PDP), to illustrate national perspectives on digital governance within the broader BIT reform movement. Ultimately, this research argues that BITs must incorporate explicit digital-era provisions-such as data governance carve-outs, cybersecurity exceptions, and right-to-regulate clauses-to safeguard state sovereignty and public interests while maintaining a predictable investment environment.

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  • Universitas Muhammadiyah Buton
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Rekan penulisOrganisasiArtikel bersama
Handar Subhandi BakhtiarUniversitas Pembangunan Nasional Veteran Jakarta3
Rafika NurUniversitas Ichsan Gorontalo3
Sunardi PurwandaAfiliasi tidak diketahui1
Nurul Asyikeen Binti Abdul JabarManagement and Science University1
Rudini Hasyim RadoMusamus Merauke University1
Safrin SalamUniversitas Muhammadiyah Buton1
Kunthi TridewiyantiPancasila University1
Kayode Muhammed IbrahimUniversity of Ibadan1
Andi Intan PurnamasariNational University of Malaysia1
Nurhayati MardinTadulako University1
Adiguna KharismawanTadulako University1
Intan PurnamasariUniversity of Singaperbangsa Karawang1
Virgayani FattahTadulako University1
Susi SulilawatiTadulako University1
Darmawati DarmawatiRiau University1
Mustawa MustawaAfiliasi tidak diketahui1
Susi SusilawatiTadulako University1
SahlanTadulako University1
Ratu Ratna KorompolAfiliasi tidak diketahui1
Adfiyanti FadjarTadulako University1
Adiesty Septhiany Prihatiningsih SyamsuddinTadulako University1
Muhammad IkbalTadulako University1

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Sumber metadata: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/journals/imrev/oai, pertama di-harvest 5 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc)
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	<dc:title xml:lang="en">Bilateral Investment Treaties in the Digital Era: Implications for Technology and Media Regulation</dc:title>
	<dc:creator xml:lang="en">Mira Nila Kusuma Dewi</dc:creator>
	<dc:creator xml:lang="en">Nurul Miqat</dc:creator>
	<dc:creator xml:lang="en">Susi Susilawati</dc:creator>
	<dc:creator xml:lang="en">Ashar Ridwan</dc:creator>
	<dc:creator xml:lang="en">Abd. Basir</dc:creator>
	<dc:subject xml:lang="en">Bilateral Investment Treaty (BIT), technology and media regulations, digital sovereignty, Investor-State Dispute Settlement (ISDS), cybersecurity, international investment law</dc:subject>
	<dc:description xml:lang="en">The rapid expansion of digital technologies has transformed the global investment landscape, prompting states to revisit the structure and objectives of Bilateral Investment Treaties (BITs). Initially designed to protect tangible investments through guarantees such as fair and equitable treatment (FET), non-discrimination, and protection against expropriation, BITs now confront a new set of regulatory challenges associated with cross-border data flows, platform governance, and digital sovereignty. The rise of technology and media platforms-characterized by their intangible, mobile, and data-driven nature-raises fundamental questions regarding the definition of “investment,” the scope of investor rights, and the extent of state regulatory space. This article examines the evolution of BITs in the digital era using a normative juridical method, focusing on how international investment law interacts with technology and media regulation. Through analysis of key jurisprudence, particularly Yahoo! Inc. v. LICRA and UEJF and the Schrems I &amp;amp; II decisions of the Court of Justice of the European Union (CJEU), the study demonstrates that the digital ecosystem demands more adaptive treaty frameworks capable of balancing investor protection with legitimate regulatory objectives such as privacy, cybersecurity, and content governance. The article also evaluates Indonesia’s regulatory landscape, including the Information and Electronic Transactions Law (UU ITE) and the Personal Data Protection Law (UU PDP), to illustrate national perspectives on digital governance within the broader BIT reform movement. Ultimately, this research argues that BITs must incorporate explicit digital-era provisions-such as data governance carve-outs, cybersecurity exceptions, and right-to-regulate clauses-to safeguard state sovereignty and public interests while maintaining a predictable investment environment.</dc:description>
	<dc:publisher xml:lang="en">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2025-12-31</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/journals/imrev/article/view/37742</dc:identifier>
	<dc:identifier>10.15294/imrev.v4i2.37742</dc:identifier>
	<dc:source xml:lang="en">Indonesia Media Law Review; Vol. 4 No. 2 (2025): July-December, 2025; 244-283</dc:source>
	<dc:source>2829-7423</dc:source>
	<dc:source>2829-7628</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/journals/imrev/article/view/37742/8408</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2026 Dr. Mira Nila Kusuma Dewi, S.H., M.Kn., Dr. Nurul Miqat, S.H., M.Kn., Dr. Susi Susilawati, S.Hi., M.H., Ashar Ridwan, Dr. Abd. Basir, S.Ag., M.H. (Author)</dc:rights>
	<dc:rights xml:lang="en">https://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>