Enforceability of Settlement Agreement

When the Settlement Agreement is not executed within a specified period of time, then:

1. it is considered as a violation of the agreement;
2. the interested party and/or BAPMI may submit a complaint to the management of association/ organization in which it is a member;
3. the association/ organization in which the interested party is a member and/or BAPMI may submit a complaint to the authority in Capital Market and all Members of BAPMI.

When the Settlement Agreement is stated in a deed of settlement (acta van Dading) or an Arbitration Award/ judicial judgment, in the case of either party not complying with it, the enforceability may be made through an execution request to the District Court chairman.