Client Alert – UMBRA Arbitration Series: New Chapter in the Bani Duality Saga – Kadin Enters the Stage
The duality of the Indonesian National Arbitration Board (Badan Arbitrase Nasional Indonesia or BANI) enters a new chapter, and a new entity has entered the stage: the Indonesian Chamber of Commerce (Kamar Dagang dan Industri Indonesia or KADIN).
The newest lawsuit was filed by KADIN against the founders of BANI Sovereign before the South Jakarta District Court. In the lawsuit, KADIN argued that it is the legitimate founder of BANI through its decree in 1977. The court recently issued its judgment on the lawsuit. In this article, we will analyze the court’s findings and assess the legal impact of the judgment on existing and future BANI arbitration clauses.
If you are currently drafting or seeking to review your existing agreements with BANI arbitration clauses, please do not hesitate to contact our arbitration specialists.
See our newsletter here: UMBRA Arbitration Series: New Chapter in the Bani Duality Saga – Kadin Enters the Stage
Client Alert – BANI Mampang and BANI Sovereign-28571-v19 (ID 28571)