On 26 February 2010, the Tokyo High Court upheld the Tokyo District Court’s Decision No. 3 of 28 July 2009, refusing to overturn an arbitral award pursuant to Japan’s Arbitration Law of 2003 (the “Arbitration Law“). Article 44 of the Arbitration Law sets out six grounds for setting aside an arbitral award, including: (a) that … Read more

In an important recent development for oil and gas companies operating in Indonesia, BPMigas has relaxed its stance in requiring BANI arbitration clauses in regulated contracts. Officials at BPMigas now state that companies entering into contracts in Indonesia may use other arbitral institutions, such as SIAC or ICC, provided that the seat of the arbitration … Read more