Indonesia�s bilateral investment treaties: between generations?

crockett, antony;

In March 2014, the Dutch embassy in Jakarta announced that Indonesia had �decided to terminate� its bilateral investment treaty (BIT) with the Netherlands and, further, that Indonesia intended to terminate all of its other existing BITs. The Dutch announcement prompted a flurry of commentary, much of it alarming in tone and warning that foreign investors should take immediate steps to ensure
that their investments in Indonesia would continue to be protected. A representative of the Indonesian government subsequently clarified that Indonesia was not �terminating� its BITs; instead, Indonesia planned to allow its existing BITs to expire in order that new and better treaties could be negotiated.