Kontribusi Pemahaman Arbitrase terhadap Efektivitas Penyelesaian Sengketa Bisnis di Indonesia
DOI:
https://doi.org/10.26905/blj.v6i1.15638Keywords:
Arbitration; Business Disputes; Effectiveness; ADR; Dispute ResolutionAbstract
Business dispute resolution in Indonesia has undergone a significant transformation in recent decades, one of which is through the use of arbitration as an alternative dispute resolution (AADR). Arbitration offers advantages such as time efficiency, confidentiality, and final and binding decisions. However, the effectiveness of its implementation cannot be separated from the role of the parties' understanding of the concept and mechanism of arbitration. This paper aims to analyze how the understanding of arbitration affects the effectiveness of business dispute resolution in Indonesia. Through a normative approach, this article shows that the higher the level of understanding of the legal community and business people about arbitration, the more likely it is that disputes can be resolved effectively and efficiently.
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