Eksekusi Putusan Arbitrase Internasional Dalam Penyelesaian Sengketa Investasi di Indonesia
DOI:
https://doi.org/10.64365/muramu.v2i4.553Keywords:
Investment Disputes, Enforcement of International Arbitral Awards, Exequatur.Abstract
The enforcement of international arbitral awards in the settlement of investment disputes in Indonesia continues to face several challenges, including lengthy exequatur procedures, inconsistent interpretation of the public policy principle, complex administrative bureaucracy, and limited capacity of law enforcement authorities. These issues may lead to legal uncertainty. This study aims to analyze the enforcement of international arbitral awards in Indonesia in ensuring legal certainty for investment dispute settlement. This research employs a normative juridical method using a statutory approach. The data were collected through library research based on primary legal sources, including the 1958 New York Convention, Law Number 30 of 1999 on Arbitration and Alternative Dispute Resolution, and other relevant regulations. The data were analyzed using a qualitative descriptive method. The findings indicate that, normatively, the enforcement of international arbitral awards is consistent with international legal standards. However, its implementation still faces several obstacles, requiring the simplification of exequatur procedures, harmonization of national regulations with international standards, greater administrative transparency, and enhanced capacity of law enforcement authorities
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