A common form of tradable instrument of wealth that is well known and lucrative are shares/stock. Based on the Great Dictionary of the Indonesian Language (Kamus Besar Bahasa Indonesia) a share itself is defined as a portion, contribution; certificate of ownership of capital share in a limited liability company entitles the holder to dividends and other benefits in proportion to the amount of capital contributed. Under this definition any individual that purchases a share will be provided with some form of special rights that they can utilize as long as it is still owned by the said individual. This right can be used in determining company policy, including capital changes, the appointment of corporate organs, and the direction of business development.

We have all seen foreign television series or mainstream movies showcasing lawyers in suits presiding over a case, arguing and counter arguing between the lawyers of the plaintiff and the defendant, convincing the jury and the judge on their argument. As we have entered into the actual profession of a lawyer in the Indonesian legal system we know now that the process or even the positions in Indonesian court is completely different.

Arbitration is a preferred dispute resolution method among business actors due to its speed, flexibility, confidentiality, and the final and binding nature of the award. This differs from the lengthy and public process in national courts (conventional litigation) in each country . Due to these characteristics, arbitration is highly favored by business actors from various countries around the world. Consequently, both local and foreign parties often choose arbitration seated in and governed by the law (lex arbitri) of a third country to ensure neutrality in the adjudication of disputes.

What is the purpose of a vessel registration? Why is it necessary? Vessel registration is the process to register the ownership title of a vessel. This means that if a person or entity wishes to have a proof of ownership over a vessel that it owns then said vessel must go through the registration process.