The firm represented a contractor on an EPC project in eastern part of Indonesia to file an arbitration claim against one of the largest state-owned company in Indonesia. The main claim is a breach of contract along with claim for costs, losses, and interest. One crucial legal consideration in the award states that when there is a liquidation of bank guarantee, as performance security by the contractor, but the construction work has exceeded the money secured in the bank guarantee, the panel of arbitrators considers that the recipient (i.e., project owner) must restitute its excess.
The panel of arbitrators awarded the Leks&Co’s client compensation for more than IDR25bio.
Leks&Co is a recommended firm on commercial dispute resolution by Legal500, asialaw Profiles, and Benchmark Litigation.
Should you have any queries, you may contact us at query@lekslawyer.com
