Insolvency of Binamitra Sumberarta

Nov 25, 2016 | Commodities, Law

PT Binamitra Sumberarta, a subsidiary of PT Delta Ultima Coal (Delta Coal) faced their period of Suspension of Debts Payment (PKPU) since August 2016 due to lawsuit filed by two of its business partners, namely PT RPP Contractors Indonesia (RCI) and PT Uletbulu...

Biomorf & e-KTP Scandal

Nov 24, 2016 | Law

The government refuses to pay US$90 million of claim from PT Biomorf regarding the electronic ID (e-KTP) project, which is being investigated by the Corruption Eradication Commission (KPK) and might drag more high profile people. The government has also expressed...

Lippo Group Bribery: Eddy Sindoro is a Suspect?

Nov 23, 2016 | Law

The Corruption Eradication Commission (KPK) caught Edy Nasution, a former registrar of the Central Jakarta District Court, earlier this year when he was receiving bribes from Doddy Arianto Supeno, an employee of PT Artha Pratama Anugerah (APP)—a subsidiary of Lippo...

PT E.K Prima & Bribery Case

Nov 23, 2016 | Law, Market

The Corruption Eradication Commission (KPK) has caught redhandledly taxman Handang Soekarno and Rajesh Rajamohanan Nair, CEO of PT E.K. Prima Ekspor Indonesia in a bribery case. According to KPK, Rajesh has delivered Rp1.9 billion out of Rp6 billion ‘fees’...

Yogan Askan’s Verdict and Putu Sudiartana’s Defense

Nov 22, 2016 | Law

The trial of Yogan Askan, on the graft case that also brought down the former member of the House Commission III of the House of Representatives (DPR) I Putu Sudiartana (Democratic Party), has finished. Yogan is sentenced to 2 years imprisonment. The trial of Putu...

PKPU for Hai Yin

Nov 22, 2016 | Law

Jakarta-based shipping company PT Hai Yin must once again face a period of Suspension of Debts Payment (PKPU) after the Panel of Judges of the Commercial Court of the Central Jakarta District Court granted the PKPU lawsuit filed by one of the Company’s creditors...

On Sumatera Persada Energi’s PKPU

Nov 21, 2016 | Law

PT Sumatera Persada Energi (SPE), the subsidiary of PT Asiabumi Petroleo, enters into a period of PKPU once month beginning October. The Company voluntarily applied for the PKPU, and the application was granted by the Panel of Judges of the Commercial Court of the...

Mobile-8 Tax Restitution Case: Pre-Trial Lawsuits

Nov 21, 2016 | Law

At the end of October 2016, the Attorney General’s Office (AGO) told the press that they would soon name a suspect in the alleged manipulation of PT Mobile-8 Telecom Tbk (Mobile-8)’s tax restitution. The AGO said that they had found a breakthrough in the...

Q&A with Sofyan Djalil on Land Issues

Nov 21, 2016 | Law, Market

Land is a very delicate issue. We’ve seen most infrastructure projects were slowed down significantly by difficulties in land acquisition. Even in less populated areas of Sumatra, North Sulawesi, and East Kalimantan, where some toll roads are being developed. Land...

Topjaya PKPU: Toshiba & Beyond

Nov 21, 2016 | Industries, Law, Market

PT Topjaya Antariksa Electronics, manufacturer of Toshiba refrigerator, has been  applied for Suspension of Debts Payment (PKPU) by PT Topla Abadi Jaya, supplier of plastic products. The PKPU has been registered since October 20, 2016 through case No...