Kasus antara Karaha Bodas Company LLC (KBC) dengan PERTAMINA berawal dari ditandatanganinya Joint Operation Contract (JOC) antara KBC dan PERTAMINA pada tahun 1994. Namun pada pertengahan jangka waktu perjanjian tersebut, Indonesia telah mengalami krisis ekonomi sehingga Indonesia meminjam dana dari International Monetary Fund (IMF). IMF mensyaratkan agar Pemerintah Indonesia menangguhkan beberapa proyek di Indonesia, salah satunya adalah Proyek Karaha Bodas dengan mengeluarkan Keputusan Presiden. KBC yang merasa dirugikan menggugat PERTAMINA ke Arbitrase Jenewa, Swiss. Namun PERTAMINA dapat mengajukan pembelaan atas dasar force majure. Dalam hal ini Keputusan Presiden dapat mengintervensi perjanjian. Keputusan Presiden dalam hal ini merupakan wewenang atribut.

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The case between Karaha Bodas Company LLC (KBC) and PERTAMINA started from the signing of the Joint Operation Contract (JOC) between KBC and PERTAMINA in 1994. But in the mid-term of the agreement, Indonesia had economic crisis that had to borrow funds from the International Monetary Fund (IMF). The IMF required that the Government of Indonesia had to suspend some projects in Indonesia, one of which was Karaha Bodas project by issuing the Decree of Presidential. Therefore, KBC sued PERTAMINA on the basis of defult, to arbitration Geneva, Switzerland. PERTAMINA unable to performed obligations due to the issuance of Presidential Decree in order to conduct a defense on the basis of force majeure. In this case, it may intervene in the agreement because of the attribute authority of President.