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KARAHA BODAS CO., L.L.C. v. PERUSAHAAN PERTAMBANGAN MINYAK DAN GAS BUMI NEGARA

No. M-18-302 (TPG).

305 F.Supp.2d 304 (2004)

In the Matter of an Arbitration Between KARAHA BODAS COMPANY, L.L.C., Petitioner, v. PERUSAHAAN PERTAMBANGAN MINYAK DAN GAS BUMI NEGARA ("Pertamina"), Respondent.

United States District Court, S.D. New York.

January 29, 2004.

Attorney(s) appearing for the Case

James E. Berger, Esq. & Christopher F. Dugan, Esq., Paul Hastings, Janofsky & Walker LLP, Washington, DC, for Karaha Bodas.

Carolyn B. Lamm, Esq. & Frank Panopoulos, Esq. White & Case LLP, Washington, DC, for Ministry of Finance of the Republic of Indonesia.

Matthew D. Slater, Esq., Justin S. Anand, Esq. & Jonathan Blackman, Esq., Cleary, Gottlieb, Steen & Hamilton, Washington, DC, for Pertamina.

OPINION

GRIESA, District Judge.

On February 14, 2003 petitioner Karaha Bodas Company L.L.C. ("KBC") filed a motion seeking an order (1) directing Bank of America to transfer to KBC approximately $266 million, which was being held in certain accounts pursuant to a restraining notice; and (2) directing Bank of America to transfer to KBC certain additional funds on a monthly basis. Respondent Pertamina opposes the motion. The Ministry of Finance of the...

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