Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Lawyers, business players call for revision of business dispute resolution law

  • News Desk

    The Jakarta Post

Jakarta   /   Tue, September 10, 2019   /  03:02 pm
The Jakarta Post Image
Indonesian Employers Association (Apindo) chairman Hariyadi Sukamdani has expressed support for the revision of Law No. 30/1999 on arbitration and business dispute resolution.(JP/Anton Hermansyah)

Lawyers and business players are calling on the government to amend Law No. 30/1999 on arbitration and business dispute resolution as it does not follow international standards and is no longer relevant to current situation. A senior partner at the Karim Syah Law Firm, Firmansyah, said recently that the law had yet to adopt the internationally recognized Model Law on International Commercial Arbitration formulated by the United Nations Commission on International Trade Law in 1985 to provide a template that lawmakers in every country can adopt as part of their domestic legislation and arbitration procedures. He also highlighted that the law was not in line with the latest trends in the industry, which was going through digitalization in many sectors. “Fintech companies, for instance: Let’s say they have operated an average of three years. As such, it would be di...