Consider due diligence such as background checks. The corporate and litigation registries are rather opaque and should not be considered as the final word.
Get personal undertaking from the individual controllers - Something to consider when signing up with an
Indonesian corporation. Even if arbitration clause is applied, an overseas
arbitral award will still need to "follow the money" into Indonesia
to be enforced and in most cases these corporations have little or no assets
and the execution process can be opaque. You may wish to consider getting
indemnity agreement from the individual controllers with arbitration clause as
dispute resolution. It is not uncommon for these individual controllers to park
their assets overseas such as neighbouring Singapore. An
arbitration award will yield better result if enforced in Singapore against
their personal assets. Also, the counter party is likely to be in stronger
bargaining position in negotiation when issue arises since these individuals
running the company will be affected by their personal exposure.
