The Enforcement and Annulment of International Arbitration Awards in Indonesia
By Noah Rubins , February 8, 2012
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The author argues that the Jakarta Central District Court vacating an international commercial arbitration award against an Indonesian oil company violates the spirit and letter of the New York Convention. As a result, predictability and stability in enforcing arbitration awards is harmed while the international reputation of the oil company is damaged. Unless Indonesia reforms its arbitration laws, it will lose to the competition in attracting foreign investments.
