Jurnal Bina Mulia Hukum
Vol. 8 No. 2 (2024): Jurnal Bina Mulia Hukum Volume 8 Number 2 March 2024

Inconsistency in Recognition and Enforcement of Foreign Arbitral Awards: Non-Compliance or Normative Factors?

Taqwa, Muhamad Dzadit (Unknown)
Laksmi Prabhaswari, Amaraduhita (Unknown)
Putri Subiyanto, Maria Jasmine (Unknown)



Article Info

Publish Date
31 Mar 2024

Abstract

Recognizing and enforcing a foreign arbitral award has been becoming a global issue. To solve such an issue, the New York Convention 1958 turns out to be an important international legal product regarding the recognition and enforcement of foreign arbitral awards worldwide. States ratifying the convention are internationally bound to respect and assist in the execution of a foreign arbitration award in their respective countries; Indonesia is one of them. It ratified the convention by Presidential Decree Number 34 of 1981. Nonetheless, there is an impression that Indonesia has not implemented the convention consistently, compared to countries that are, considered, friendly to foreign arbitration awards due to the facts that there are several foreign arbitral awards that have been rejected by the District Court. This impression, however, needs to be re-examined by understanding textually the norm formula in the 1958 New York Convention and comparing its implementation among Indonesia and several countries that are considered friendly to foreign arbitration awards. This paper finds that there is a norm formula in the 1958 New York Convention that opens space for ratification countries not to always recognize and enforce foreign arbitral awards in the executing country of the award.

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Journal Info

Abbrev

JBMH

Publisher

Subject

Law, Crime, Criminology & Criminal Justice

Description

Jurnal Bina Mulia Hukum (JBMH) adalah jurnal ilmu hukum yang diterbitkan oleh Fakultas Hukum Universitas Padjadjaran, terbit secara berkala setiap tahunnya pada bulan Maret dan September. Artikel yang dimuat pada Jurnal Bina Mulia Hukum adalah artikel Ilmiah yang berisi tulisan dari hasil ...