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Discussions Trans-Lex Administrative Information Document-ID: 262700 [click here to copy citation to clipboard] Please Cite as: "http://www.trans-lex.org/262700". Title Himpurna California Energy Ltd. v PT. (Persero) Perusahaan Listruik Negara United Nations Commission on International Trade Law 4 May 1999, YCA XXV (2000), 13 et seq. Social Networks
Table of Contents Himpurna California Energy Ltd. v PT. (Persero) Perusahaan Listruik Negara United Nations Commission on International Trade Law 4 May 1999 Content Himpurna California Energy Ltd. v PT. (Persero) Perusahaan Listruik Negara United Nations Commission on International Trade Law 4 May 1999Final award of 4 May 1999 Author: Albert Jan van den Berg Jurisdiction: Austria Organization: United Nations Commission on International Trade Law Arbitrators: Jan Paulsson (Presodent); Antonino Albert de Fina Setiawan SH Case date: 4 May 1999 Parties: Claimant: Himpurna California Energy Ltd. (Bermuda) Defendant: PT. (Persero) Perusahaan Listruik Negara (Indonesia) Topics: Investment Arbitration Key Words: applicable law of contract decision ex aequo et bono good faith settlement negotiations scope of arbitration jurisdiction to decide on termination relationship of party to state force majeure fundamental breach of contract termination of contract wasted costs (damnum emergens) lost profit (lucrum cessans) abuse of rights costs and legal fees Publication Source: 14 Mealey's International Arbitration Report(December 1999) pp. A1 - A58 Source: Himpurna California Energy Ltd. v PT. (Persero) Perusahaan Listruik Negara, Final Award of 4 May 1999 in Albert Jan van den Berg (ed), Yearbook Commercial Arbitration 2000 - Volume XXV, Volume XXV (Kluwer Law International 2000) pp. 11 - 432 [...] [...] Excerpt[...] V. Preliminary Issues [...] [...] 6. PLN's Claims of Illegality[...] [...] 118. The tribunal commented, “[t]he members of the Arbitral Tribunal do not live in an ivory tower. Nor do they view the arbitral process as one which operates in a vacuum, divorced from reality. The arbitrators are well aware of the allegations that commitments by public-sector entities have been made with respect to major projects in Indonesia without adequate heed to their economic contribution to public welfare, simply because they benefited a few influential people. The arbitrators believe that cronyism and other forms of abuse of public trust do indeed exist in many countries, causing great harm to untold millions of ordinary people in a myriad of insidious ways. They would rigorously oppose any attempt to use the arbitral process to give effect to contracts contaminated by corruption. But such grave accusations must be proven. There is in fact no evidence of corruption in this case.” [...] Trans-Lex Administrative Information Document-ID: 262700 [click here to copy citation to clipboard] Please Cite as: "http://www.trans-lex.org/262700". Referring Principles/Related Documents  Referring Principle: No. IV.7.2 - Invalidity of contract due to briberyThere are no Threads related to this document. Open one by yourself. |
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