Selanjutnya
;....... •
I
FOREIGN INVESTMENT INSURANCE AGREEMENT
BE'IWEEN
CANADA AND THE REPUBLIC OF INOONESIA
JAKARTA, March 16, 1973
Note No .
J... ｾ＠
Excellencv,
I ｨ［Ｚｩｶｾ＠
the hono11r to refer to djscussions which have recently
. t aken pl.:i.ce hetween r epresentatives of our two Government s relatini;
to promoting investm nts of C'"' nadian private canital in Indonesia
and further the ､･ｶｬｯｮｾ
ｴ＠
of economic
which will ｳ ｴ ｲ･ｮｾｨ＠
r elations bet ween t he Republic of Indone s i a a nd Canada, and to
insurance of such investments by the Gove rnment of Ca nada, through
its ｡ｾ ･ｮ ｴ＠ the Exoort DPvelopment Coroorat ion . I also have the
ｨｯｾｵｲ＠
to confirm the following ｵｮ､･ｲｳｴ｡ｪｾ
ｳ＠
reAched as a
result of those dic;cussions:
0
1.
(
J'
-
In the event of payment by the Export Development Corporation.
as the agency of +, he Government of Cn nad a for investment
ins urance uurDoses , under ｾ＠ contrrt ct of insurance with
｣ ｾ ｮ｡､ｩ＠
privat e investo rs ｯｰ･ｲ｡ｴｩｮｾ＠
in the territo ry of
the lteoublic of Indonesia for any loss or damage sustained
j n conne ction with s11ch CAnadian investments, for which a
document of admis sion has been i ssued by the Government
of t he li.epublic of Indonesia, by reason of:
( a) any act ion by the Governrne nt of the Reuublic of
Jndone s ia, that prohibit s or restricts transfer of ｡ｾｹ＠
money to which a Canadia n invest or i s entitl ed pursuant
to the ｰｲ･ｶ｡ｩｬｮｾ＠
laws and regula tions of the Republic
of Inrlonesia ;
His Excellency,
Mr. Adam Malik,
Minister of Foreign Affairs,
Republic of Indonesia,
Jakarta .
••• 2
- 2 -
(b) nationalizat i on/revocation of owners hip ｲｩｾｨｴ
ｳ＠ of
Ca nadian inve s tors , r estrictions of the rif',ht s of control
and/ or management or the investments concerned by the
Government of the Renublic of Indones i a or its ｡ｾ ･ｮ｣ｹ＠
thereof;
(c) war, r iot , i nsurrection, revolution o r rebellion in
the territory of the Republic of Indones i a , ｮ ｯｴｷ
ｩ ｴｨ
ｳｴ｡ｮ､ｩ
the right of the 1l.epublic of Indones ia to limit its
liability in such circums tances arr.l resnons ibilities
thereof a re accepted by the Governme nt of the Republic
of Indonesi a :
ｾ＠
the said Corporation , hereinafte r cal l ed t he 11 I NSURING
AGtillCY" , shall be authorized bv the Gover nment or the
ｾ ･ ｮｵ｢ｬｩ｣＠
of Indones i a to exercis e the ｲｩ ｾ ｨｴ
ｳ＠ havin" b een
l a wful ly devolved on it , or ha vin" bee n ｡ ｳ ｳ ｩｾｮ
ｐＮ ､＠
to i t bv
the predeces5or i n title .
To the extent that the l aws a nd ｲ･ ｾ ｵｬ ｡ ｴｩｯｮｳ＠
of the Renublic
2.
of Indones i a nartially or w'f1olly inval i date the acquisition of
anv int erest in a ny p.,..ooe rty within its national t erritory bv the
ｉｮ ｳ ｵｲｩｮ
ｾ＠ ａ ｾ･
ｮ｣ｹ
Ｌ＠ the Gove rnment o f the ｒｾ ｮｵ｢ｬｩ｣＠
of Indones i a s ha ll
permit the Canadia n investor and th e Insurjng ａ ｾ ･ｮ｣ｹ＠
to make
aoprop.,..iat e arra ngeme nt s nursua nt t o whi ch s uch interes t s ar e
t r ans f e rred to an entity nermitted to own s uch int erest s un"oc edu re and oarticina.te in ｩｴ ｾ＠
(c) The arbit ral trjbural s hall be comoos ed of three members ,
a nd s hal l be establis hed a s f ol l ows : each Gover nment s hal l
a nooint one arbitrator and t hese t wo arbit rators s hall nowho ｾ ｨ ｡ ｬ＠
be a natio nal
minat e a third arbitrator as ｣ｨ ｡ ｩｾ ｭ｡ ｮ＠
of a third s tat e :
(d ) Tf either Gove r nme nt has not aopointed it s a r bit rator
and ha not foJ 1 owed the i nvitation of the oth e r Government
to ma k e such an anoointment within t wo month s , th e a r bitrator
s ha l l be aopo inted u non the r e que s t of t hat Governme nt by t h
Pres i rlent of the Int e r natfona l Cour t o f Jus tice;
0
(e) If the two a rbjt"'a tors a r e un;.i ble t o reach a n ai:;"'eement
on th"! choice of the third arbit rator v.H.hin two months
a fter the ir a_ nointme nt, the l a tter sha ll be a 'lnoint ed uoon
the req u e s t of either Governme nt b y th e p ..,.e s i de nt of the
Int ernat ional Court of -Tustice;
(f) I f, i n the c a s e s S'lPci fj ed u nder point s (d) a nd (e)
o f this :)ar aP,ra ryl-i th e Pre s i :ient o f the Int8 r •v1 ti o,.,e. l Court
o f Jus tic P i s prev e nted from c a r ryin"' out t he sA. jd fnnctjon
••• Ii.
-
/,
-
or if hE' i - a nationa l of eithe r r,ove rnme nt . the •tnno intme nt
s h -.1 1 be m:i.r!P ｢ｾｲ＠
the Vice-Pres i dent, and if the l attP.,.. i r..,.revent.Pd fr om ｣ Ｂ ｲｹ
ｩＱｾ＠
0 t . the said f unction O"' if he i ' a
na tional of e ithe" Gov rnnBnt , tre a 1:: mointm nt s l-ialJ b Pma l ..... - rt s bv the t '·T'1 n('\vr nments . The
arbitrcl triburn.l may ei.rJont nt,rnr ＮＬ ｐｾＱ
ｬ ［Ｚｩ ｴ＠ ions c oncerni ni;
c ost s .
7
( A) If eithe r Government considers it desi.,. 1--J to morli fv the
-irovisions 0f thio:: Aｲｾ
･ ｭ･ｮｴＬ＠
t hi 5 nroced lr-; ma.y b e carried 01 1t.
tr "'ouph a reques t for conc:ult ations a nrl/ or by c orrespondence ei.ni
s h;:ill b ep;in nnt l;:i.ter t '1a.n 60 days from the rl a te of the ｲ･ｱｵ
･Ｇ＾ ｴｾ＠
(h) The morli.fica t ions of tl!P J\ CTreement B'!'"eed between ｴ ｨｾ＠
t wo
Governrnent 5 co;hal l enter i nto f orce unon th jr confirma tion on thR
'°iP. t.P. wbj ch sha ll bP m11t u:=tl ly :3. C7"'Ped unon bv A '1 F.vchPnge of Notes .
.. ,
If the fo "'Pcoing pronosal s are a cc eptabl e t o vour Gover nment , I have the
honour t o 1ro""nc;p that thi s Not e , in Enclj c:. h a.nrl French, anr.l vrmr reolv
ｳ ｨ ｾ ｬｊ＠
cons titute an AP"-reement h8t wee n the Go" P. rnmen.t of C., nada a nd thP
rr()vernment of the llenublic of Tnrlones ia, the En!7lic;h a.nd French ver s ion'"
of which s h;:- lJ h e equally authe ntic •
Thj s Arrreernent shal1 ent e"" into force thirtv r!ay s a ft e r tl-ie d "t.P
ｾ＠
;:i..,rJ the Gove rnme nt
o f t he exc hoince of not es bv whj ch the Go' rernme nt of ｃ ｡ ｮ｡､ﾷ
of t he Re nubl jc of ｉＱ､ｯ
ｮ･ｳ
ｩ ｾ＠
notify each other t hat al l the formaliti Po::
r elatin ,,. to thj s A';"'Pement ha v e been fulfill e d.
Thi s ａｾｲ･ｭｮｴＮ＠
c; lia l l cont.in11e in force until ｴｾｲｭｪ ｮ｡
on s ix months ' n oti c e in wrj tinc to each other.
ｴ ･､＠
by e ithe r Government
•. . 5
-
c; -
In the event of termin:i tion, t h e orovi_-sions of thi"> Aa.,..eement r.;hqll
c0ntinue to ｡ｾｄ
ｬｶＬ＠
jn "esoect of in sur ance c ontr.,cts concluder:! hF:?tween
the ｇｯｷｾｲｮｭｐｴ＠
of Ca na.da and Canadi an investo.,..s oner., ti n"' in t hP
territory of the ﾷ Ｑ ｾＰＱ｢ｬｩ｣＠
of Inrioni:>sj A whi le thP fl ｾＮＬ Ｐ ･ｭｾｮ
ｴ＠
wa s :in
forc e, for th e dt1rRtion of s 1Jch cnntrn ct s; nrcn.rirleri tha t in no c;isp
s ha lJ the A ｾ Ｂ･ｭｮｴ＠
continue t o ;:p1nly to th() ""' contr? cts for ;i
oe,...ior.l lonaA,... th
I
FOREIGN INVESTMENT INSURANCE AGREEMENT
BE'IWEEN
CANADA AND THE REPUBLIC OF INOONESIA
JAKARTA, March 16, 1973
Note No .
J... ｾ＠
Excellencv,
I ｨ［Ｚｩｶｾ＠
the hono11r to refer to djscussions which have recently
. t aken pl.:i.ce hetween r epresentatives of our two Government s relatini;
to promoting investm nts of C'"' nadian private canital in Indonesia
and further the ､･ｶｬｯｮｾ
ｴ＠
of economic
which will ｳ ｴ ｲ･ｮｾｨ＠
r elations bet ween t he Republic of Indone s i a a nd Canada, and to
insurance of such investments by the Gove rnment of Ca nada, through
its ｡ｾ ･ｮ ｴ＠ the Exoort DPvelopment Coroorat ion . I also have the
ｨｯｾｵｲ＠
to confirm the following ｵｮ､･ｲｳｴ｡ｪｾ
ｳ＠
reAched as a
result of those dic;cussions:
0
1.
(
J'
-
In the event of payment by the Export Development Corporation.
as the agency of +, he Government of Cn nad a for investment
ins urance uurDoses , under ｾ＠ contrrt ct of insurance with
｣ ｾ ｮ｡､ｩ＠
privat e investo rs ｯｰ･ｲ｡ｴｩｮｾ＠
in the territo ry of
the lteoublic of Indonesia for any loss or damage sustained
j n conne ction with s11ch CAnadian investments, for which a
document of admis sion has been i ssued by the Government
of t he li.epublic of Indonesia, by reason of:
( a) any act ion by the Governrne nt of the Reuublic of
Jndone s ia, that prohibit s or restricts transfer of ｡ｾｹ＠
money to which a Canadia n invest or i s entitl ed pursuant
to the ｰｲ･ｶ｡ｩｬｮｾ＠
laws and regula tions of the Republic
of Inrlonesia ;
His Excellency,
Mr. Adam Malik,
Minister of Foreign Affairs,
Republic of Indonesia,
Jakarta .
••• 2
- 2 -
(b) nationalizat i on/revocation of owners hip ｲｩｾｨｴ
ｳ＠ of
Ca nadian inve s tors , r estrictions of the rif',ht s of control
and/ or management or the investments concerned by the
Government of the Renublic of Indones i a or its ｡ｾ ･ｮ｣ｹ＠
thereof;
(c) war, r iot , i nsurrection, revolution o r rebellion in
the territory of the Republic of Indones i a , ｮ ｯｴｷ
ｩ ｴｨ
ｳｴ｡ｮ､ｩ
the right of the 1l.epublic of Indones ia to limit its
liability in such circums tances arr.l resnons ibilities
thereof a re accepted by the Governme nt of the Republic
of Indonesi a :
ｾ＠
the said Corporation , hereinafte r cal l ed t he 11 I NSURING
AGtillCY" , shall be authorized bv the Gover nment or the
ｾ ･ ｮｵ｢ｬｩ｣＠
of Indones i a to exercis e the ｲｩ ｾ ｨｴ
ｳ＠ havin" b een
l a wful ly devolved on it , or ha vin" bee n ｡ ｳ ｳ ｩｾｮ
ｐＮ ､＠
to i t bv
the predeces5or i n title .
To the extent that the l aws a nd ｲ･ ｾ ｵｬ ｡ ｴｩｯｮｳ＠
of the Renublic
2.
of Indones i a nartially or w'f1olly inval i date the acquisition of
anv int erest in a ny p.,..ooe rty within its national t erritory bv the
ｉｮ ｳ ｵｲｩｮ
ｾ＠ ａ ｾ･
ｮ｣ｹ
Ｌ＠ the Gove rnment o f the ｒｾ ｮｵ｢ｬｩ｣＠
of Indones i a s ha ll
permit the Canadia n investor and th e Insurjng ａ ｾ ･ｮ｣ｹ＠
to make
aoprop.,..iat e arra ngeme nt s nursua nt t o whi ch s uch interes t s ar e
t r ans f e rred to an entity nermitted to own s uch int erest s un"oc edu re and oarticina.te in ｩｴ ｾ＠
(c) The arbit ral trjbural s hall be comoos ed of three members ,
a nd s hal l be establis hed a s f ol l ows : each Gover nment s hal l
a nooint one arbitrator and t hese t wo arbit rators s hall nowho ｾ ｨ ｡ ｬ＠
be a natio nal
minat e a third arbitrator as ｣ｨ ｡ ｩｾ ｭ｡ ｮ＠
of a third s tat e :
(d ) Tf either Gove r nme nt has not aopointed it s a r bit rator
and ha not foJ 1 owed the i nvitation of the oth e r Government
to ma k e such an anoointment within t wo month s , th e a r bitrator
s ha l l be aopo inted u non the r e que s t of t hat Governme nt by t h
Pres i rlent of the Int e r natfona l Cour t o f Jus tice;
0
(e) If the two a rbjt"'a tors a r e un;.i ble t o reach a n ai:;"'eement
on th"! choice of the third arbit rator v.H.hin two months
a fter the ir a_ nointme nt, the l a tter sha ll be a 'lnoint ed uoon
the req u e s t of either Governme nt b y th e p ..,.e s i de nt of the
Int ernat ional Court of -Tustice;
(f) I f, i n the c a s e s S'lPci fj ed u nder point s (d) a nd (e)
o f this :)ar aP,ra ryl-i th e Pre s i :ient o f the Int8 r •v1 ti o,.,e. l Court
o f Jus tic P i s prev e nted from c a r ryin"' out t he sA. jd fnnctjon
••• Ii.
-
/,
-
or if hE' i - a nationa l of eithe r r,ove rnme nt . the •tnno intme nt
s h -.1 1 be m:i.r!P ｢ｾｲ＠
the Vice-Pres i dent, and if the l attP.,.. i r..,.revent.Pd fr om ｣ Ｂ ｲｹ
ｩＱｾ＠
0 t . the said f unction O"' if he i ' a
na tional of e ithe" Gov rnnBnt , tre a 1:: mointm nt s l-ialJ b Pma l ..... - rt s bv the t '·T'1 n('\vr nments . The
arbitrcl triburn.l may ei.rJont nt,rnr ＮＬ ｐｾＱ
ｬ ［Ｚｩ ｴ＠ ions c oncerni ni;
c ost s .
7
( A) If eithe r Government considers it desi.,. 1--J to morli fv the
-irovisions 0f thio:: Aｲｾ
･ ｭ･ｮｴＬ＠
t hi 5 nroced lr-; ma.y b e carried 01 1t.
tr "'ouph a reques t for conc:ult ations a nrl/ or by c orrespondence ei.ni
s h;:ill b ep;in nnt l;:i.ter t '1a.n 60 days from the rl a te of the ｲ･ｱｵ
･Ｇ＾ ｴｾ＠
(h) The morli.fica t ions of tl!P J\ CTreement B'!'"eed between ｴ ｨｾ＠
t wo
Governrnent 5 co;hal l enter i nto f orce unon th jr confirma tion on thR
'°iP. t.P. wbj ch sha ll bP m11t u:=tl ly :3. C7"'Ped unon bv A '1 F.vchPnge of Notes .
.. ,
If the fo "'Pcoing pronosal s are a cc eptabl e t o vour Gover nment , I have the
honour t o 1ro""nc;p that thi s Not e , in Enclj c:. h a.nrl French, anr.l vrmr reolv
ｳ ｨ ｾ ｬｊ＠
cons titute an AP"-reement h8t wee n the Go" P. rnmen.t of C., nada a nd thP
rr()vernment of the llenublic of Tnrlones ia, the En!7lic;h a.nd French ver s ion'"
of which s h;:- lJ h e equally authe ntic •
Thj s Arrreernent shal1 ent e"" into force thirtv r!ay s a ft e r tl-ie d "t.P
ｾ＠
;:i..,rJ the Gove rnme nt
o f t he exc hoince of not es bv whj ch the Go' rernme nt of ｃ ｡ ｮ｡､ﾷ
of t he Re nubl jc of ｉＱ､ｯ
ｮ･ｳ
ｩ ｾ＠
notify each other t hat al l the formaliti Po::
r elatin ,,. to thj s A';"'Pement ha v e been fulfill e d.
Thi s ａｾｲ･ｭｮｴＮ＠
c; lia l l cont.in11e in force until ｴｾｲｭｪ ｮ｡
on s ix months ' n oti c e in wrj tinc to each other.
ｴ ･､＠
by e ithe r Government
•. . 5
-
c; -
In the event of termin:i tion, t h e orovi_-sions of thi"> Aa.,..eement r.;hqll
c0ntinue to ｡ｾｄ
ｬｶＬ＠
jn "esoect of in sur ance c ontr.,cts concluder:! hF:?tween
the ｇｯｷｾｲｮｭｐｴ＠
of Ca na.da and Canadi an investo.,..s oner., ti n"' in t hP
territory of the ﾷ Ｑ ｾＰＱ｢ｬｩ｣＠
of Inrioni:>sj A whi le thP fl ｾＮＬ Ｐ ･ｭｾｮ
ｴ＠
wa s :in
forc e, for th e dt1rRtion of s 1Jch cnntrn ct s; nrcn.rirleri tha t in no c;isp
s ha lJ the A ｾ Ｂ･ｭｮｴ＠
continue t o ;:p1nly to th() ""' contr? cts for ;i
oe,...ior.l lonaA,... th