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Tag Archives: Indonesia

Indonesia terminates its Bilateral Investment Treaty (BIT) with the Netherlands from 1 July 2015 and may terminate all of its BITs

Indonesia has decided to terminate its Bilateral Investment Treaty (BIT) with the Netherlands, pursuant to a statement issued by the Dutch Embassy in Jakarta on 21 March 2014.  The termination will be effective from 1 July 2015.  However, because of a “sunset” provision in the BIT, its protections will extend for existing investments of investors until 1 July 2030. Indonesian Vice President Boediono confirmed Indonesia’s decision at a summit in The Hague on 23 March 2014.  He pledged that “Indonesia will create a new bilateral investment agreement that will be