Implementation of International Arbitration Awards

Abstract

Arbitration is one of the legal issues that is quite relevant and interesting to discuss, because it has an important role in relation to business growth, which is growing rapidly these days. At the national and international levels of business and trade, the stakeholders in their business contracts generally prefer arbitration agencies rather than judicial institutions to solve business disputes, so the need for arbitration institutions is increasing in popularity. A business dispute filed by the parties through arbitration, as well as the court, always ends with an award, and the award must also be enforceable or executed. An award is meaningless if it can not be enforced. However, even though the award has already been declared, the party does not execute the arbitration award voluntarily or in good faith. In such a case, then at the request of the winning party, the Chairman of the District Court may enforce the Arbitration award by force.