Battling Without Weapons
Pertamina and PLN have lost in arbitration. It’s believed to have been intended.
December 7, 2004
WHEN something is done, can it be undone? This is the mission impossible being undertaken in Jakarta in the dispute with Karaha Bodas Company (KBC), which is now entering its final stage: execution. In its final decision, the high court of New York on October 4 ordered state oil and gas company Pertamina and state electricity company PLN to pay US$299 million in damages.
Two days later, without notice, the government’s funds deposited in 1
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