The Enforcement and Annulment of International Arbitration Awards in Indonesia
Article from: OGEL 2 (2004), in International Oil, Gas & Energy Dispute Management
Introduction
Most practising arbitration lawyers have rarely had the occasion to seek enforcement of an international arbitration award through national courts. Statistics indicate that the vast majority of defeated companies comply with the terms of international arbitral awards against them or settle soon after the award is rendered.[1] This state of affairs is due in large part to the success of the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the 'New York Convention'),[2] which obligates member nations to enforce awards rendered outside their territory ...