“While BANI Arbitral Award is legally executable upon rendering, there are multiple instances wherein the parties fail to execute the arbitral award voluntarily. Should this be the case, the arbitral award can be requested to be executed by the competent District Court.” Legal Basis of Arbitration in Indonesia Pursuant to Law No. 30 of 1999 […]
“Offshore Loans must be reported to Bank Indonesia.” In regard to supporting and/or expanding a business, some entrepreneurs borrow funds from abroad to cover the costs they need. The borrowing of funds from abroad is included in the activities of Foreign Exchange Traffic, so it needs to be reported to the competent authority, which is […]
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