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Abstract
Essentially, everyone wants their business torun well and smoothly, but dispute in the international business dealings can always happen, as internationalization generates new risks. Compared to disputes between domestic entities, international business dispute shave extra problem sincluding various jurisdictions, diverse legal systems and tradition, different procedures and oftenin volving more than one language. Arbitration is one of the way to settle the dispute but there are always pros and consaboutit. This will discuss about the advantages and disadvantages of arbitration from the point of view of both Indonesian and Korean Law, by using the normative-juridical method. In which the results conclude that there are important practical differences between litigation and arbitration from which the disputing parties can choose which settling way would they prefer according to the avantages and disadvantages.
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References
- Book
- Buruma, Houthoff, International Commercial Arbitration: An Introduction, 2013.
- International Trade Centre, Settling Business Disputes: Arbitrationand Alternative Dispute Resolution, 2nd Ed., International Trade Centre, Geneva, 2016.
- Widnyana, I Made, Alternatif Penyelesaian Sengketa (ADR), Fikahati Aneska, Jakarta, 2009.
- Journal
- Kim, Doo-Sik, Jae Min Jeon, Seung Min Lee and Arie Eernisse, “Commercial Arbitration 2017”, Global Arbitration Review.
- Laws
- Indonesian Law No. 30 of 1999 on Arbitrationand Alternative Dispute Resolution
- Korean Arbitration Act as Amended by Act No. 14176, May 29, 2016.
- Dictionary
- Black’s Law Dictionary
- Internet
- “Arbitration BANI vs. Courts Indonesia”, https://www.indonesia-investments.com/business/business-columns/arbitration-bani-vs.-courtsin-indonesia/item5409, accessed on 8 April 2019.
- http://globalarbitrationreview.com/jurisdiction/1000194/korea, accessed on 8 April 2019.
- “International Dispute Resolution Overview”, https://gnso.icann.org/en/drafts/ intl-dispute-resolution-overview-june-2007.pdf, accessed on 8 April 2019.
- Lisa Gelman, “Arbitration Pro’s and Con’s”, https://lisagelman.com/mediation/ arbitration-pros-and-cons/, accessed on 8 April 2019.
- “Makin Ngetrend Ini 5 Kelebihan penyelesaian Sengketa Melalui Arbitrase”, http://www.hukumonline.com/berita/baca/lt58a6bf5208d32/makin-ngetrend--ini-5-kelebihanpenyelesaian-sengketa-melalui-arbitrase, accessed on 8 April 2019.
- Sukirno, Timur, Ferry Aritonang, Hadiputranto Hadinoto & Partners, “Arbitration procedures and practice in Indonesia: Overview”, https://uk.practicallaw.thomsonreuters.com/9-520-8397, accessed on 8 April 2019.
- “Perjanjian Arbitrase dan Pasal 1266 KUHPerdata”, http://www.hukumonline. com/berita/baca/lt5915a2f04745b/perjanjian-arbitrase-dan-pasal-1266kuh-perdata, accessd on 8 April 2019.
- “What is Abritration”, http://www.wipo.int/amc/en/arbitration/what-is-arb.html, accessed on 8 April 2019.
References
Book
Buruma, Houthoff, International Commercial Arbitration: An Introduction, 2013.
International Trade Centre, Settling Business Disputes: Arbitrationand Alternative Dispute Resolution, 2nd Ed., International Trade Centre, Geneva, 2016.
Widnyana, I Made, Alternatif Penyelesaian Sengketa (ADR), Fikahati Aneska, Jakarta, 2009.
Journal
Kim, Doo-Sik, Jae Min Jeon, Seung Min Lee and Arie Eernisse, “Commercial Arbitration 2017”, Global Arbitration Review.
Laws
Indonesian Law No. 30 of 1999 on Arbitrationand Alternative Dispute Resolution
Korean Arbitration Act as Amended by Act No. 14176, May 29, 2016.
Dictionary
Black’s Law Dictionary
Internet
“Arbitration BANI vs. Courts Indonesia”, https://www.indonesia-investments.com/business/business-columns/arbitration-bani-vs.-courtsin-indonesia/item5409, accessed on 8 April 2019.
http://globalarbitrationreview.com/jurisdiction/1000194/korea, accessed on 8 April 2019.
“International Dispute Resolution Overview”, https://gnso.icann.org/en/drafts/ intl-dispute-resolution-overview-june-2007.pdf, accessed on 8 April 2019.
Lisa Gelman, “Arbitration Pro’s and Con’s”, https://lisagelman.com/mediation/ arbitration-pros-and-cons/, accessed on 8 April 2019.
“Makin Ngetrend Ini 5 Kelebihan penyelesaian Sengketa Melalui Arbitrase”, http://www.hukumonline.com/berita/baca/lt58a6bf5208d32/makin-ngetrend--ini-5-kelebihanpenyelesaian-sengketa-melalui-arbitrase, accessed on 8 April 2019.
Sukirno, Timur, Ferry Aritonang, Hadiputranto Hadinoto & Partners, “Arbitration procedures and practice in Indonesia: Overview”, https://uk.practicallaw.thomsonreuters.com/9-520-8397, accessed on 8 April 2019.
“Perjanjian Arbitrase dan Pasal 1266 KUHPerdata”, http://www.hukumonline. com/berita/baca/lt5915a2f04745b/perjanjian-arbitrase-dan-pasal-1266kuh-perdata, accessd on 8 April 2019.
“What is Abritration”, http://www.wipo.int/amc/en/arbitration/what-is-arb.html, accessed on 8 April 2019.