STUDI PERBANDINGAN PENYELESAIAN SENGKETA BISNIS DAN IMPLEMENTASINYA ANTARA LEMBAGA BADAN ARBITRASE NASIONAL INDONESIA DAN SINGAPORE INTERNATIONAL ARBITRATION CENTRE

Forum dispute resolution through arbitration that we know today is the National Arbitration and International Arbitration. What is meant by International Arbitration is a well known method used for resolving disputes between parties who are bound in an international business contracts. In line with arbitration in general, international arbitration is created from arbitration clause contained in a contract that has been agreed by the parties who are bound in it. International dispute resolution is based on broad international business contracts executed under some judicial institutions internationally renowned referees, one of which is the Singapore International Arbitration Center (SIAC). Procedure regarding the implementation of the arbitral award in Indonesia distinguished by the type of decision, the arbitration award of national or international arbitration decision. What is meant by international arbitration decision is stipulated in Article 1 point (9) of Law Number 30 of 1999 on Arbitration and Alternative Dispute Settlement. The background of this research is that businesses, both domestic and international, to resolve business disputes they prefer resolving disputes through arbitration institutions, in particular SIAC compared with BANI institutions. It is to be examined whether and how the process and procedures that exist in both institutions, as well as the comparative advantages and disadvantages. This study discusses the comparison process of dispute resolution through arbitration in BANI Institutions and SIAC, so we get the data of how the method of dispute resolution through arbitration has become the primary choice for businesses in the dispute. The research proves that the processes and procedures for dispute resolution in the SIAC institutions have differences with BANI institutions in the processes and procedures and the legal basis used in the settlement of business disputes between the parties