English | Indonesia

INDONESIAN NATIONAL BOARD OF ARBITRATION

HomePage :

www.bani-arb.org
e-mail :
bani-arb@indo.net.id


 










 
BINDING OPINION

BINDING OPINION & ARBITRATION CLAUSE

In the absence of any dispute, both parties in a contract can aks the BANI for a binding opinion regarding questions arising from that contract.

They can ask the BANI for instance to give a binding opinion with regard to: the interpretation of ambiguous provisions on the contract, the formulation of new provisions or the revisions of the old provisions to meet changing circumstances, etc.

Once the BANI has given its opinion, the parties are bound to it and whoever acts in contravention to it, will be considered as having committed a breach of contract.



ARBITRATION CLAUSE
The BANI recommends all parties wishing to make reference to BANI arbitration, to use the following standard clause in their contracts: 

“All disputes arising from this contract shall be binding and be finally settled under the administrative and procedural Rules of Arbitration of Badan Arbitrase Nasional Indonesia (BANI) by arbitrators appointed in accordance with said rules”.


Location  | Objective | Governing Boards | Arbitral Procedure | Opinion | Arbitrators | Cost

HomePage : www.bani-arb.org , e-mail : bani-arb@indo.net.id