What is the difference between dispute resolution through BAKTI and the District Court?

BAKTI

District Court

Closed / Confidential

Open to the public

Requires an agreement

Any party can file a lawsuit

Arbitrators are chosen by the parties

Judges cannot be chosen (general jurisdiction)

Moderately formal procedures

Highly formal procedures

No jurisprudence

Recognizes jurisprudence

Final decisions can be faster and binding

Final decisions can take longer and may be appealed (Cassation and Judicial Review)

Costs are easier to estimate

Costs are more difficult to estimate