Question
There is no literature study that denies the presence of an arbitration instrument as the right choice in resolving business disputes. The advantages of Arbitration
There is no literature study that denies the presence of an arbitration instrument as the right choice in resolving business disputes. The advantages of Arbitration are like the first award and finally (final & binding), the nature of the proceedings closed and the arbitrator in charge is an expert in his field is the basis for his consideration. However, in practice or its execution of foreign arbitral awards (New York Convention on Recognition and Enforcement of Foreign Arbitral Awards) is not easy either and faces obstacles. Question :
Explain and give 5 (five) factors that cause obstacles in implementing the decision foreign arbitration in Indonesia. Answer properly and use relevant data examples to make it clear.
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