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 (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Fully Refereed | Open Access | Double Blind Peer Reviewed

ISSN: 2319-7064


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Case Studies | Law | Indonesia | Volume 13 Issue 12, December 2024 | Popularity: 5.2 / 10


     

Legal Certainty in the Resolution Process of Business Disputes due to Default on Payment with Bank Guarantee through Arbitration

Didit Wijayanto Wijaya


Abstract: 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.


Keywords: Arbitration, Legal Certainty, Business Disputes, Default


Edition: Volume 13 Issue 12, December 2024


Pages: 918 - 922


DOI: https://www.doi.org/10.21275/SR241210194838



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Didit Wijayanto Wijaya, "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 (IJSR), Volume 13 Issue 12, December 2024, pp. 918-922, https://www.ijsr.net/getabstract.php?paperid=SR241210194838, DOI: https://www.doi.org/10.21275/SR241210194838

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