Category: Law

Financial Service’s Policy Package

The Government has launched a total of 16 Economic Policy Packages as of last year. The results, according to the Government, can be seen in the increasing international trust in Indonesia’s economic resilience. Recently, the Financial Service Authority (OJK) followed the Government’s steps and launched a Policy Package that focuses on policies to encourage increased exports and supports national economy. OJK hopes that the policies to be enacted can help the national economy escape global pressure.

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Trade War: Indonesia v. United States

Following the United States’ threat on Indonesian export, Minister of Trade Enggartiasto Lukita visited the country last month. But apparently, the visit did not yield the expected result. Earlier this month, The United States...

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Ongoing Examinations in the KPPU: Japfa Comfeed and Darma Henwa

The Business Competition Supervisory Commission (KPPU) continued the trials on two cases related to alleged delay in notification of acquisition implicating PT Darma Henwa Tbk (DEWA) and PT Japfa Comfeed Indonesia Tbk (JPFA). DEWA responded to questions by saying that the Company had no obligation to file any notification because the acquisition was done with an affiliated company. The representatives of JPFA, meanwhile, stated that they weren’t aware of the obligation of notification to the KPPU given that the value of transaction was small.

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Corruption Journal: North Sumatera and Hulu Sungai Tengah Graft Case

We all know that the bribery case in North Sumatera implicating the disgraced governor Gatot Pujo Nugroho caused a lot of damages to the province and had led to several other investigations, including allegation of bribes for the members of the province’s DPRD. Earlier this year, the Corruption Eradication Commission (KPK) named 38 new suspects in the case. The suspects were detained in the past week. Separately, in the case of bribery involving the disgraced regent of Hulu Sungai Tengah one Abdul Latif, the Corruption Court at the Central Jakarta District Court have read their verdict for the bribee and the intermediary in the case.

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On Petroselat’s Insolvency: The End?

The Government officially began auctioning the operation of Selat Panjang block on August 154, 2018 along with the operation of five other oil and gas block. This announcement could be the end for the process of insolvency of Petroselat Ltd, the subsidiary of PT Sugih Energy Tbk (SUGI). The creditors previously asked the Government to terminate the contract with Petroselat, but they’ve recently expressed their gratitude for the development.

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Corruption Journal: Kebumen and Subang Graft Case

The Corruption Court at the Semarang District Court recently read the verdict for one Khayub Muhamad Lutfi, the commissioner of PT Karya Adi Kencana, who was named suspect earlier this year for allegedly bribing Yahya Fuad, the regent of Kebumen. Yahya’s trial, on the other hand, is still ongoing. In a separate trial held by the Corruption Court at the Bandung District Court related to the Subang graft case, which ensnared the regent one Imas Aryumningsih, the defendant’s legal counsel mentioned the involvement of Imas’ son one Arya Natasusanda in several of the regency’s decision making meeting. This is the first time Arya’s name has been mentioned in the case.

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Law Journal: On Molucca Holding’s Lawsuit and Problems around AISA

It has been a while now since the dispute between Luxembourg’s Molucca Holdings S.à.r.l and PT Pelita Cengkareng Paper somehow went quiet. Earlier this week, PT Bank Permata Tbk (BNLI) finally gave a statement on the debt dispute. Separately, PT Tiga Pilar Sejahtera Food Tbk (AISA) reportedly dodged a bullet as the PKPU lawsuit filed at the Central Jakarta District Court was rejected. But other lawsuits are waiting for the Company, and one PKPU lawsuit filed against its subsidiaries at the Semarang District Court was recently granted.

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Sandiaga Uno and Campaign Money

Sandiaga Uno recently made headlines after Prabowo made him his running mate for the 2019 Presidential Election. Sandiaga’s nomination was coupled with controversial allegation made by the Democratic Party’s Andi Arief, that Sandi was chosen in exchange for monetary compensations. The parties were enraged by Andi Arief’s allegation but soon Sandi admitted that he gave money to several parties, albeit not as tributes but as campaign funds. 

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Bumigas Energi v. Geo Dipa Energi: A New Chapter

The former Managing Director of PT Geo Dipa Energi (Persero) one Samsudin Warsa was accused of fraud by PT Bumigas Energi and stood trial last year. The Panel of Judges of the South Jakarta District Court decided that Samsudin was not guilty. After the verdict was read, we thought the decade-long dispute had ended. But that’s not the case. Both parties decided to continue fighting against each other and currently a trial is being held in the South Jakarta District Court. It is interesting to know that there is allegation of conflict of interests in the dispute caused by the Corruption Eradication Commission (KPK).

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On SNP Finance’s PKPU: Deloitte Indonesia

PT Sunprima Nusantara Pembiayaan (SNP Finance) who is now in their period of Suspension of Debts Payment (PKPU) is still struggling to convince their creditors. Because of the complicated situation, the team of administrators decided to change the financial consultant to examine the Company’s condition. The administrators also asked the creditors from banking sectors to hand-over information on the Company’s account in the banks. In addition to that, Deloitte Indonesia (who supposedly played a crucial role in the case) recently gave written explanations to national media outlets explaining their perspective.

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Revisiting Pertamina and the Pertamina Hulu Energi Case

The Attorney General’s Office (AGO) officially detained one Reinerius Bayu Kristanto, the former manager of Merger and Acquisition section at the Upstream Directorate of PT Pertamina (Persero), on August 8, 2018. Bayu was the first suspect named by the AGO in the investigation into the case of alleged irregularities in the purchase of shares of Australia-based ROC Oil Company Limited (ASX : ROC – delisted). Bayu insisted that he is only Karen Agustiawan’s scapegoat. He demanded the AGO to examine Karen as well. This case only adds to the problems surrounding Pertamina.

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