The Central Jakarta District Court has set aside a $261 million award that Pertamina had been ordered to pay to former business partner Karaha Bodas Co. L.L.C. (KBC) in an arbitration in December of 2000. “This is important confirmation that the arbitration award was fundamentally flawed,” said Matthew D. Slater of the Washington, D.C., office…
INDONESIA: Pertamina welcomes Jakarta court decision in failed power project
Posted on August 29, 2002 by EnergyAsia