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ARBITRATION
Definitions:
Subekti (1992:1) arbitration is a
settlement of dispute by a judge
or a team of judges subject to
the agreement reached by the
disputing parties who will
comply with the decision of the
judges they have
appointed/chosen
Cont….
Article 1 of Law no. 30 Year
1999 regarding Arbitration and
Alternative Dispute Settlement
stated that arbitration is a
method of settling dispute
outside court proceedings which
is based on an arbitration
agreement executed by the
parties
Why arbitration?
Conducted confidentially
Expertly settled
Final and binding decision
Freedom to choose
applicable law
Types of arbitration
Ad hoc arbitration which is set
up specifically for settlement of
a particular dispute
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