On the second week of December 2018, the Business Competition Supervisory Commission (KPPU) declared the Savings and Loan Cooperative Union JASA (Kospin JASA) guilty of not notifying their corporate action—acquisition of shares owned by PT Asuransi Takaful Umum—on time. Two weeks before that, the KPPU also declared PT Nippon Indosari Corpindo Tbk (ROTI) guilty of a similar violation. The two companies filed objections to different district courts and recently the KPPU announced that the district courts had ruled in favor of the KPPU. Earlier this year, the South Jakarta District Court also ruled in favor of the KPPU in response to the objection filed by Petronas Carigali (PC) Muriah Ltd (subsidiary of Petronas International Corporation Ltd) and PC Ketapang II Ltd (subsidiary of Petronas Carigali Sdn Bhd), who were deemed guilty of violating Art. 22 of Law No. 5/1999 in the provision of under water services for Kepodang and Ketapang Field.
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