Arbitration Settlement in the ASEAN Economy Community

DOI

10.2991/aebmr.k.200226.018How to use a DOI?

Keywords

dispute resolution, arbitration, MEA

Abstract

Arbitration of business disputes is the most popular choice for business people, especially in the current MEA era. The focus of this research is: 1). What is the process of resolving business disputes through arbitration in the era of the ASEAN Economic Community (AEC)?.2). What is the ideal concept of Arbitration within the framework of the ASEAN Economic Community (AEC)?.This research is a normative juridical with legislation, conceptual, historical, and case approaches. In the ASEAN region there are several arbitration institutions that handle the issue of arbitration, namely: in Indonesia the Indonesian National Arbitration Board (BANI) and in Malaysia, namely the Kuala Lumpur Arbitration Center. From the results of the discussion it is known that: there are some differences and similarities in the process of dispute resolution through arbitration between the State of Indonesia and Malaysia from several aspects including aspects: regulation, trial process, decision strength, time and cost. And of the two countries that have the prospect of arbitration settlement in the MEA era is arbitration in Indonesia by having several advantages in the arbitration settlement process, namely the period and cost of the arbitration process. In conclusion, the arbitration process in the State of Indonesia has good prospects compared to the State of Malaysia, so it can be used as an example to equalize the arbitration process in the ASEAN region even though countries in ASEAN have different legal systems.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Rahayu Hartini
AU  - Syariful Alam
PY  - 2020
DA  - 2020/03/04
TI  - Arbitration Settlement in the ASEAN Economy Community
BT  - Proceedings of the International Conference on Law Reform (INCLAR 2019)
PB  - Atlantis Press
SP  - 90
EP  - 94
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200226.018
DO  - 10.2991/aebmr.k.200226.018
ID  - Hartini2020
ER  -