Pactum De Compromittendo In Shares Purchase Agreement

The parties, namely the Seller and Buyer have agreed to determine arbitration clause in form of a pactum de compromittendo made writing incorporated into deed principal agreement for sale purchase shares PT. Indonesian Rice Granary. This means that since beginning before occurrence dispute, choice settlement has been determined through National Arbitration Board. In 2021, files lawsuit against as Defendant general court request said share be declared null void no binding force. their decision, Panel Judges stated essence Central Jakarta District Court had authority try this case. Regarding legal considerations, assembly based rules Article 118 HIR 3 Law no. 30 1999 concerning Alternative Dispute Resolution. study uses normative juridical approach with results research showing enforceability an is on parties according pacta sunt servanda principle contained 1338 Paragraph (1) Civil Code judge's decision its considerations correct law.