On 17 October 2023, the Supreme Court of the Republic of Indonesia (the “Supreme Court”) enacted the Supreme Court Regulation No. 3 of 2023 on the Appointment of Arbitrator by Court, Repudiation Rights, Examination on the Enforcement and Annulment Petition of Arbitral Awards (“Perma 3/2023”). Many argue that this regulation represents one of the most progressive attempts by the Supreme Court in years to address the notable absence of comprehensive arbitration regulations.
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