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Chairman Ma Zhanjun and his delegation from the Asia Pacific International Arbitration Chamber visited the Badan Arbitrase Nasional Indonesia.

Release time：2023-11-22 14:57:27

On the morning of November 13, 2023, at 10 a.m., the chairman of the Asia Pacific International Arbitration Chamber (APIAC), Ma Zhanjun, and his delegation visited the Badan Arbitrase Nasional Indonesia (BANI), where they were warmly received by the head of the Badan Arbitrase Nasional Indonesia.

Exchange and Sharing: Unique Aspects of Arbitration in Indonesia

During the visit, discussions included the unique aspects of Indonesian arbitration. Firstly, Indonesia distinguishes between domestic and international arbitration in case acceptance, allowing freedom to choose arbitration institutions for both parties without foreign factors' restrictions. Secondly, Indonesian arbitration awards, whether domestic or international, can be recognized and enforced under the Indonesia's Law No. 30 of 1999 on Arbitration and Alternative Dispute Resolution. To recognize and enforce international arbitration awards, the arbitrator or their representative should submit an application to the Clerk of the Central Jakarta District Court. Thirdly, the establishment of arbitration institutions in Indonesia follows a 1+8 model. This means that one institution is funded by the state, which is the Badan Arbitrase Nasional Indonesia (BANI), while the remaining eight institutions are non-state-funded arbitration institutions.

Badan Arbitrase Nasional Indonesia: The Pillar of Arbitration in Indonesia

During this exchange visit, the head of BANI provided a detailed introduction to Chairman Ma Zhanjun and his delegation about the prominent position of the institution in the field of arbitration in Indonesia.

BANI, founded in 1977 with headquarters in Jakarta, holds a prominent position in Indonesia's arbitration landscape. It has multiple offices in other cities across the country. It has formulated specific arbitration rules aligned with international standards and adapted to Indonesia's legal and business environment. BANI boasts an experienced team of arbitrators from diverse fields, including law, business, finance, construction, and more, enabling them to provide professional arbitration services for different types of disputes. BANI handles both domestic and international commercial disputes. For domestic disputes, BANI offers an independent, impartial, and efficient resolution mechanism to assist parties in resolving their conflicts. As an international arbitration institution, BANI deals with cross-border commercial disputes in accordance with international arbitration standards.

The representative of BANI expressed that as a cornerstone in the field of arbitration in Indonesia, they will continue to play a crucial role in advancing the development of arbitration in the country.

Expectations for Cooperation: Joint Development of Arbitration Industry

APIAC and BANI are willing to establish a cooperative relationship to share information and experiences. This cooperation can include training and educational programs, exchange of professional knowledge, as well as jointly organizing international arbitration events and seminars.

Chairman Ma Zhanjun believes that the cooperation between APIAC and BANI will contribute to promoting trade and investment between the regions. As two important Asian countries, Singapore and Indonesia have frequent trade and investment exchanges. By providing efficient and professional arbitration services, APIAC and BANI can offer robust legal protection and dispute resolution mechanisms for the business cooperation between the two sides, enhancing business confidence and stability. On the other hand, APIAC and BANI can collaborate in researching and promoting best practices, facilitating improvements in arbitration rules and procedures to adapt to the evolving business environment and demands. This will contribute to raising the level of arbitration in the Asian region and enhancing international competitiveness.

Cooperation between the APIAC and the BANI is of significant importance in promoting arbitration development in the Asian region, facilitating trade and investment, providing legal protection, and strengthening regional cooperation. It is expected that both parties can actively engage in cooperation and propel their respective arbitration endeavors to new heights of development.

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