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[Pages 355-384]
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Introduction
I.  Background
    A.  A Brief Primer on International Project Finance
    B.  International Arbitration and Project Finance
        1.  The Perceived Advantages of International Arbitration in Project Finance Transactions
        2.  The Patuha and Himpurna Power Projects in Indonesia
        3.  The Public/Private Distinction and International Arbitration for Project Financings
III.  Discussion of Issues
    A.  Arbitration, Project Finance and Pacta Sunt Servanda
    B.  International Commercial Arbitration, Project Finance and Contracts Among Equals
    C.  International Arbitration, Project Finance and State Sovereignty
IV.  Analysis
    A.  The Blurring of the Public/Private Distinction: Pacta Sunt Servanda and the Himpurna and Patuha Arbitration Proceedings
        1.  Pacta Sunt Servanda and the Doctrine of Changed Circumstances
        2.  Pacta Sunt Servanda and the Himpurna and Patuha Arbitral Awards
    B.  The Himpurna and Patuha Arbitral Awards and Loyalty to the Public/Private Distinction
    C.  Contracting as Equals and the Himpurna and Patuha Arbitral Awards
        1.  Contracting as Equals and the Administrative Contract
        2.  The Administrative Contract Doctrine and the Himpurna and Patuha Arbitral Awards
    C.  State Sovereignty and the Himpurna and Patuha Arbitral Awards
        1.  State Sovereignty and International Arbitration in Project Finance Transactions
        2.  The Himpurna and Patuha Arbitral Awards and State Sovereignty
Conclusion