Legal Certainty in the Resolution Process of Business Disputes due to Default on Payment with Bank Guarantee through Arbitration
Type de ressource
Auteur/contributeur
- Wijaya, Didit Wijayanto (Auteur)
Titre
Legal Certainty in the Resolution Process of Business Disputes due to Default on Payment with Bank Guarantee through Arbitration
Résumé
Corporations have been established and recognized in Indonesia as entities engaged in business activities since 1602. In these business activities, disputes can occur regarding the non-disbursement of Bank Guarantees through the Indonesian National Arbitration Board (BANI). Therefore, this research uses the Normative Juridical method through a literature review. The research questions considered are (1) What is the guarantee of legal certainty in the process of resolving business disputes regarding Bank Guarantee payments through the Arbitration Board? (20) What can the Supreme Court Decision provide legal certainty for resolving business disputes through arbitration in Indonesia? The process of resolving business disputes in default on Bank Guarantee payments through the Arbitration Court has fulfilled the legal certainty principle. The results showed that the rules were available through different Arbitration and Alternative Dispute Resolution Laws, as well as other laws applied consistently in the BANI Surabaya Decision Number 59/ARB/BANI-SBY/XI/2021. The Supreme Court Decision Number 918 B/Pdt.Sus-Arbt/2023 tried the appeal case and rejected the application for annulment of the arbitration decision from the Applicant. In addition, legal certainty is created for corporate legal efforts to take the arbitration route.
Publication
International Journal of Science and Research
Volume
13
Numéro
12
Pages
918-922
Date
2024-12
Abrév. de revue
IJSR
Langue
EN
ISSN
2319-7064
Autorisations
© 2025 International Journal of Science and Research (IJSR)
Extra
Publisher: International Journal of Science and Research (IJSR)
Référence
Wijaya, D. W. (2024). Legal Certainty in the Resolution Process of Business Disputes due to Default on Payment with Bank Guarantee through Arbitration. International Journal of Science and Research, 13(12), 918–922. https://doi.org/10.21275/SR241210194838
Thématiques
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