Budidjaja International Lawyers (“BIL”), is delighted to announce the successful enforcement of International Arbitral Award/Arbitral Award against one of the Indonesian limited liability company (Opponent)’s assets i.e. liquidation/withdrawal of its funds in the two major banks in Indonesia with a total value of approximately close to USD 1,000,000.
BIL assisted its Client, a global leader in litigation financing in the enforcement of the Arbitral Award which valued at USD 8 million. Leveraging their extensive experience in commercial litigation and enforcement procedures, BIL’s legal team skillfully maneuvered through the intricacies of Indonesian legal frameworks to obtain the necessary court orders and ensure the withdrawal of the Opponent’s fund in those two major bank accounts.
By effectively executing the enforcement measures, BIL has demonstrated its unwavering commitment to the pursuit of justice and the safeguarding of Client interests. The successful outcome not only signifies the firm’s legal prowess but also its determination to uphold the rule of law and maintain the integrity of the international arbitration process.
“We are extremely proud of our legal team’s exceptional efforts in securing the enforcement of the arbitral award for our Client,” said Tony Budidjaja, Founding Partner Budidjaja International Lawyers. “This achievement highlights our firm’s capabilities in providing effective legal solutions to our Clients and reinforces our position as a leading force in arbitration and dispute resolution within Indonesia.”
With a track record of handling complex commercial disputes and a deep understanding of international arbitration, BIL continues to solidify its reputation as a trusted partner for domestic and international Clients seeking legal representation in Indonesia. The firm’s commitment to excellence, coupled with its relentless pursuit of justice, positions it as a go-to firm for complex and high-value arbitrations within the region.