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

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…