Selasa, Januari 15, 2019

ASEAN Commercial Arbitration: Solution in Sight for the Execution of International Arbitral Awards

The execution of international arbitral awards has been a troublesome issue for businesses due to the differing internal frameworks of different countries’ legal systems. In Indonesia, the issue of whether the execution of arbitral awards may ultimately lead to public order violations has become a hot topic for debate in recent years. However, since 1985, the ASEAN member states have been proposing the creation of a so-called unified legal framework for arbitration across the region through the United Nations Commission on International Trade Law (UNCITRAL).
One proposed solution to the execution problem for international arbitral awards is the establishment of an ASEAN commercial arbitral region under the umbrella framework of UNCITRAL.
Through the establishment of an ASEAN arbitration law, an ASEAN arbitration center and an ASEAN annex-court of arbitration, the proposed ASEAN commercial arbitral region will hopefully be able to offer simplicity, effectiveness and ultimately ease the passage of business settlements and disputes throughout the region.
For more on this story, see Hukumonline: “Eksekusi Arbitrase Terkendala, Usulan Ini Mungkin Bisa Menjadi Solusinya”.

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

Professional Solutions

University Solutions

Pro

Rp 5.000.000 /bulan

Lihat Detail

Pro AI

Terfavorit

Rp 8.200.000 /bulan

Lihat Detail

Pro Compliance

New

Rp 12.500.000 /bulan

Lihat Detail

*Syarat dan ketentuan berlaku

The execution of international arbitral awards has been a troublesome issue for businesses due to the differing internal frameworks of different countries’ legal systems. In Indonesia, the issue of whether the execution of arbitral awards may ultimately lead to public order violations has become a hot topic for debate in recent years. However, since 1985, the ASEAN member states have been proposing the creation of a so-called unified legal framework for arbitration across the region through the United Nations Commission on International Trade Law (UNCITRAL).
One proposed solution to the execution problem for international arbitral awards is the establishment of an ASEAN commercial arbitral region under the umbrella framework of UNCITRAL.
Through the establishment of an ASEAN arbitration law, an ASEAN arbitration center and an ASEAN annex-court of arbitration, the proposed ASEAN commercial arbitral region will hopefully be able to offer simplicity, effectiveness and ultimately ease the passage of business settlements and disputes throughout the region.
For more on this story, see Hukumonline: “Eksekusi Arbitrase Terkendala, Usulan Ini Mungkin Bisa Menjadi Solusinya”.

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

Professional Solutions

University Solutions

Pro

Rp 5.000.000 /bulan