Since its establishment in 2002, ASEAN Free Trade Area has actively promoted the development of regional investment. Among all factors to success of ASEAN Free Trade Area, the most apparent one ignored by researchers is "legal factor". In this context, a systematically summarized analysis was made on the content and principles of a variety of laws and regulations relevant with investment. Though the ASEAN Charter in 2008 revealed rules of solving dispute raised by the ASEAN integration, the obstacles of the principles of economic and trade consultation, the adjustments on difficulties faced by the traditional ASEAN still need to be solved.