Kadin Expects BANI to Equal Perception of International Arbitration Law Model

By : Ridwan And Aldo Bella Putra | Thursday, November 30 2017 - 16:00 IWST

Ketum KADIN Rosan P Roeslani (dok-INDUSTRY.co.id)
Ketum KADIN Rosan P Roeslani (dok-INDUSTRY.co.id)

INDUSTRY.co.id - Jakarta - Chairman of the Chamber of Commerce and Industry (Kadin) Rosan Roeslani assessed the Indonesian National Arbitration Board (BANI), established in 1977, has helped solve business disputes among business actors.

"We hope BANI also continues to equate the perception of legal model with the prevailing in international arbitration," Rosan said in Jakarta (29/11/2017).

Admittedly, we (Kadin) believe that BANI remains a business dispute resolution institution in Indonesia.

Meanwhile, Chief Justice of the Supreme Court M. Hatta Ali said with many cases handled by BANI, showed confidence and responsibility in resolving the business dispute.

"A lot of outside criticisms that our arbitration is not friendly with the international, especially the cancellation of a decision that can cause confusion," he said.

Meanwhile, BANI hopes to immediately adopt a model of law applied by the United Nation Commission Internatioan Trade Law, as the amount of investment entering the country and the participation of Indonesia in trade cooperation between countries.

BANI chairman Hussyen Umar said it would follow much of what the international arbitration body is doing, such as harmonizing Uncitral's legal model.

"I think first because we have not seen the urgency, but it has been proven that business actors choose arbitration in other countries," he said.

News Comment

Today's Industry

The President Director of PT Trimegah Sekuritas Indonesia Tbk (TRIM), Philmon Tanuri (left) delivered remarks at the kick off of Trimegah's collaboration with IA SBM-ITB in Jakarta on Wednesday (05/06/2024).

Jumat, 07 Juni 2024 - 19:43 WIB

Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong Learning Mission

In order to realise its mission of “Educate and create wealth for community through unique and professional investment experience”, PT Trimegah Sekuritas Indonesia Tbk (TRIM) collaborates…

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…