Recognition and enforcement of foreign arbitral awards in developed and developing countries: A comparison of the United States and Indonesia.

摘要

Foreign arbitral awards should be recognizable and enforceable. However, this is not always the case; they are recognizable and enforceable in some countries but not in others. Those countries that recognize and enforce awards are mostly developed countries, whereas those which do not are mainly developing countries.;This study compares and contrasts the recognition and enforcement of foreign arbitral awards in developed and developing countries with a view to discovering why they are recognizable and enforceable in some countries but not in others. In this study, the United States is representative of the developed countries, while Indonesia represents the developing countries.;Three factors determining whether or not foreign arbitral awards are recognizable and enforceable are identified in this study. They are the availability and adequacy of the legal framework, the attitude of the business community, and the attitude of the courts. The inquiry, accordingly, focuses on an examination of those factors in both countries. The examination reveals that the third factor is the determining element regarding the recognition and enforcement of foreign arbitral awards.