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Indonesia has been being a member of the 1958 New York Convention since 1981, namely upon issuance of the Presidential Decree No. 34 of 1981. Priori to talkiing intó force of the Regulation of the Supreme Court of the Republic Indonesìa No. 1 of .1990 on Procedures for EnforcemenL of Foreign Arbit awards, there were still constrâints lor the foreign Business plâyers in terìr enforcement of arbitral awards in lndonesia, The Supreme Court âs the higest judicial institution in lndonesia holds that internationâl arbitral awards can not be enforced ill lndonesja. After the Indonesian Supreme Court has issued such a regulation, enforcement of international arbitral awards in Indonesia began to be enforceable, because the procedural law that governs the for execution of arbitral awards has been clear ln order to regulâte the international arbitral award problems in the hjerarchy of legislation, on October 12, 1999, the Law on Arbitration and Alternative Dispute Resolution was promulgated. In that Law there is a special part discussing the International Arbitration. This study Examines the development of international arbitral award enforcement in lndonesia before Indonesia becoming member of the .1958 New York Convention, until nowâdays, by analyzing the international arbitral awards that were decìded by the Supreme Court of the Republic of lndonesia after the coming into effect of the Arbitration Law. |
