State-owned PT Sarinah (Persero) have been in dispute with PT Parna Raya (owned by Marihad Simon Simbolon) for almost a decade now. The two companies share the ownership of PT Sariarthamas Hotel International (the manager of the Sari Pan Pacific Hotel). The district courts had decided in favor of PT Parna Raya, concluding that PT Sarinah (Persero) committed tort and breach of contract. Last year, PT Sarinah (Persero) filed a lawsuit at the Jakarta State Administrative Court (PTUN), questioning the decrees published by the Minister of Law and Human Rights, which promulgated the result of General Meeting of Shareholders conducted by PT Parna Raya and other parties without any notice given to PT Sarinah (Persero). On March 20, 2018 apparently the PTUN ruled in favor of PT Sarinah (Persero).To subscribe please click here
