Name : Rizki Zein

NIM : 2016-050-036

1. According to Rule number 30 year 1999, paragraph 1 number 1 about Arbitration and
Alternative Dispute Resolution. The Definition of Arbitration is a solution to settle Private
form disputes outside the court based on an arbitration agreement that has been written
by the parties who dispute.

2. Because the Arbitration can get done with a efficient time than the other alternative
dispute resolution, saving more cost than general court, and the verdict was final and
binding.

3. The basic principles of arbitration are :

- The object of arbitration is to obtain a fair resolution of disputes by an impartial third
party without unnecessary expense or delay.
- Parties should be free to agree how their disputes are resolved, subject only to such
safeguards as are necessary in the public interest.
- Courts should not interfere.

4. Rule number 30 year 1999, paragraph 1 number 1 about Arbitration and Alternative
Dispute Resolution.

5. Advantages of Arbitration are :

- The dispute’s secret can be guaranteed to the parties
- Can be choosing the arbiter
- Can be choosing the law to finish the dispute / business problems.
- Can be choosing the place for Arbitration execution

Disadvantages of arbitration are :

- Arbitration Institution has no power for execute
- Has not been knowing widely on public / any businessman