Quote from: Lar on 12/20/2020 08:07 pmDisclaimer: I have a vested interest. My wife is from Indonesia, most years I spend 2-4 weeks there and I love the place. I haven't been to PNG yet but it's on the list[1]. So of course I'd like it to happen.That's awesome. I think more people should think more internationally about this subject. If this works out, I don't expect it to happen overnight, but I think this would be great. I imagine the weather is pretty nice there year round as well? I haven't looked into this location, but rockets do need nice weather.
Disclaimer: I have a vested interest. My wife is from Indonesia, most years I spend 2-4 weeks there and I love the place. I haven't been to PNG yet but it's on the list[1]. So of course I'd like it to happen.
In 2012, Indonesia banned the export of raw minerals, dramatically increased the divestment requirements for foreign mining companies, and required major mining companies to renegotiate their contracts of work with the government.
However, foreign investors bringing aircraft to Indonesia to serve the aviation sector have faced difficulty in utilizing Cape Town Convention provisions to recover aircraft leased to Indonesian companies. Foreign owners of leased aircraft that have become the subject of contractual lease disputes with Indonesian lessees have been unable to recover their aircraft in certain circumstances.
Corruption also continues to plague Indonesia’s judiciary, with graft investigations involving senior judges and court staffs. Many businesses note that the judiciary is susceptible to influence from outside parties. Certain companies have claimed that the court system often does not provide the necessary recourse for resolving property and contractual disputes and that cases that would be adjudicated in civil courts in other jurisdictions sometimes result in criminal charges in Indonesia.
In addition, companies find Indonesia to have a poor track record on the legal enforcement of contracts, and civil disputes are sometimes criminalized. Government Regulation No. 79/2010 opened the door for the government to remove recoverable costs from production sharing contracts. Indonesia has also required mining companies to renegotiate their contracts of work to include higher royalties, more divestment to local partners, more local content, and domestic processing of mineral ore.