There is a long-established tradition of arbitration in Indonesia. Indonesia has ratified the ICSID Convention in 1968 and accessed to the New York Convention in 1981.
International Arbitration has grown with the development of international trade in this part of the world and with a promotional work from the government. The Indonesian national arbitration law was promulgated in 1999.
Institutional arbitration, like ICC, has the favors of the Indonesian parties.
Launching an international arbitration summit in Jakarta will put Jakarta under the spotlights. Bruce Collins, Member of the ICC International Court of Arbitration, will take the opportunity to speak about “Recent Developments Affecting International Arbitration and Current Challenges to Arbitrators.”