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In March 2014, the Dutch embassy in Jakarta announced that Indonesia had ‘decided to terminate’ its bilateral investment treaty (BIT) with the Netherlands and, further, that Indonesia intended to terminate all of its other existing BITs. The Dutch announcement prompted a flurry of commentary, much of it alarming in tone and warning that foreign investors should take immediate steps to ensure that their investments in Indonesia would continue to be protected. A representative of the Indonesian government subsequently clarified that Indonesia was not ‘terminating’ its BITs; instead, Indonesia planned to allow its existing BITs to expire in order that new and better treaties could be negotiated.