BANI Arbitration Center
BANI Arbitration Center, or formally BANI Arbitration Center, is an arbitral institution, providing a range of services in relation to arbitration, mediation, binding opinion and other form of dispute resolutions.
BANI was established in 1977 on initiative of three prominent lawyers, namely the late Prof. R. Subekti, the late Mr. Haryono Tjitrosoebono and the late Prof. H. Priyatna Abdurrasyid. With initial support of Indonesia Chamber of Commerce and Industry, the Centre is located in Jakarta with offices in some Indonesia major cities including Surabaya, Bandung, Pontianak, Denpasar, Medan, Palembang and Jambi.
Committed to complete neutrality and independence in its role as an arbitral institution, BANI has developed its own rules and procedures for arbitration, including the time frame in which Arbitral Tribunal has to render awards.
With the credential as the first and the recognition as the leading Indonesian arbitration organization in various International communities, with over 3 decades of experience and over 100 listed arbitrators both Indonesian nationals and foreign, BANI Arbitration Center is the obvious choice for arbitration in Indonesia.
In Indonesia, interest to settle dispute through arbitration began to grow with the promulgation of Law number 30 of 1999 on Arbitration and Alternate Dispute Resolution (Arbitration Law). The growing interest has been consistent with the globalization in which the out of court settlement has become the choice of business entities to resolve their dispute. Besides its speedy, efficient and final characteristics, arbitration uses the principle of win-win solution and direct as no appeals and cassation.
Other benefits of arbitration award is that the award final and binding, besides has confidentiality characteristics, in which the proceeding and the award are not published. Based on reciprocal principle, the foreign award that involves foreign company may be executed in Indonesia; also the Indonesian arbitration award involving foreign company may be executed in overseas.