THE tide is turning against investment treaties that allow foreign
investors to take up cases against host governments and claim
compensation of up to billions of dollars.
Indonesia has given notice it will terminate its bilateral
investment treaty (BIT) with the Netherlands, according to a statement
issued by the Dutch embassy in Jakarta last week.
“The Indonesian Government has also mentioned it intends to
terminate all of its 67 bilateral investment treaties,” according to the
statement.
It has not been confirmed by Indonesia. But if this is correct,
Indonesia joins South Africa, which last year announced it is ending all
its BITS.
http://www.thestar.com.my/Opinion/Columnists/Global-Trends/Profile/Articles/2014/03/24/Investor-treaties-in-trouble/
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