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General
Jurisdiction
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FORUMS
OF DISPUTE RESOLUTION IN INDONESIA
- Any dispute
between both parties concerning an investment of the latter in the territory
of the former must be settled through consultations and negotiations.
- If such a dispute
cannot be settled within a period of six months from the date of a written
notification of either party requesting for amicable settlement, the dispute
shall, at the request of the investor concerned, be submitted either to the
judicial procedures provided by the Contracting Party concerned or to
international arbitration or conciliation.
- In case the
dispute is submitted to arbitration or conciliation, the investor shall be
entitled to refer the dispute to:
- The International
Center for Settlement of Investment Disputes for settlement by conciliation or
arbitration under the Convention on the Settlement of Investment Disputes.
- An trial to be
established under the arbitration rules of the United Nations Commissions on
International Trade Law (UNCITRAL)
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