Cemex Asia, a unit of the Mexican cement company, filed an arbitration claim in the International Center for Settlement of Investment Disputes against the government of Indonesia regarding its agreement to acquire a 25% stake in Indonesian cement company Semen Gresik in 1988.Cemex Asia, a unit of the Mexican cement company, filed an arbitration arbitration Process of resolving a dispute or a grievance outside a court system by presenting it for decision to an impartial third party. Both sides in the dispute usually must agree in advance to the choice of arbitrator and certify that they will abide by the claim in the International Center for Settlement of Investment Disputes International Center for Settlement of Investment Disputes (ICSID), specialized agency of the United Nations. A member of the World Bank Group (see International Bank for Reconstruction and Development), it was formed in 1966 and has its headquarters in Washington, D. against the government of Indonesia regarding its agreement to acquire a 25% stake in Indonesian cement company Semen semen or seminal fluid Whitish viscous fluid emitted from the male reproductive tract that contains sperm and liquids (seminal plasma) that help keep them viable. Gresik in 1988. Cemex says despite various attempts to resolve the problem Indonesia has not allowed the Mexican company to complete the sale. |
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