Churchill Mining lawsuit to Down 1 Billion USD Tribune New Jakarta Article + Video in Indonesian

Now they're asserting that the Politician's have reduced the claim by Churchill Mining and not the process. Very Bizarre and also inferring they're a Healthy Place to invest...Google Chrome Translation

 Original Article: Tribune News Jakarta Churchill Mining Article May 13, 2012 + Video

Churchill Mining lawsuit to Down 1 Billion USD

TRIBUNNEWS.COM, SINGAPORE - The plaintiff in a dispute over an international arbitration at the International Center for Settlement of Investment Dispute (ICSID), that Churchill Mining and Planet Mining, apparently has "lowered" its demands on the government.

This was said by the Minister of Justice and Human Rights, Amir Shamsuddin, told a news conference in Stamford Raffles Room, Maxwell Chamber 3 Temasek Avenue # 16-10, Centennial Tower, Singapore, Monday (13/05/2013).7

"Demands plaintiff has dropped 50 percent. Now to $ 1 billion.'s Been down before examined. Though there is still a USD 1 billion, it requires that a minister should be present constantly. If we save fuel because they want to save Rp 30 trillion.'s Already 10 trillion , "he said.

Amir explained, although currently underway court or tribunal ICSID, the government will provide guarantees good investment in Indonesia.

"So that information can be publicized trial tribunal properly. So it does not appear that her mistaken perception, as if the government dealing with investors," he said.

He asserted that the government, with a variety of devices legislation, so protect investors. Not only in the context of encouraging the growth of good investment and healthy, but also provides protection by the rules that are already running.

"Now there are those who claim the parties or investors who feel aggrieved. That being tested now. Did they claim that they are an investor, as appropriate criteria clauses in investment rules, their use is appropriate," he said.

"In the first stage, we use jurisdiction. They have to prove themselves, that they actually protected the investor legislation. Yet go to the material," he added.

But also inevitable in the early sessions, the applicant, in this case, and Planet Churchill Mining (as part of Churchill), has brought an expert or an expert, Prof. Nono Anwar Makarim.

"That's what we're testing. Opinion he not only provide for Churchill, but also never gives articles in the media, The Jakarta Post, in August 2012," he said.

Indonesian parties conduct cross examination of what became the expert explanation. Especially the content of opinion with the opinions widely publicized in the article.

"Just get there. And there will be this long. Tomorrow is only around in the jurisdiction," he said.