INTERNATIONAL COMMERCIAL ARBITRATION, THE BEST WAYTO RESOLVE COMMERCIAL DISPUTES? A LESSON LEARNED FROM INDONESIA PRACTICE
| Main Author: | Perpustakaan UGM, i-lib |
|---|---|
| Format: | Article NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2007
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/29184/ http://i-lib.ugm.ac.id/jurnal/download.php?dataId=12247 |
Daftar Isi:
- International arbitration has long been re(:ognized as a mean of resolving commercial disputes. Especially those with international dimensions. It s believed that arbitration offers some advantages compare to litigation. As a result. foreign investors have been increasingly using international arbitration provisions in their agreements. Indonesia has enacted it s new arbitration law. However. the new law does not provide crucial mechanism on how the winning party can have their right protected As a consequence, several international arbitral awards cannot be enforced This paper offers some recommendations to minimize the possibility of Indonesian court s refusal to enforce international arbitral awards.