The End for Bhineka Karya Manunggal

Nov 1, 2016 | Law

PT Bhineka Karya Manunggal (BKM), a subsidiary of Guna Group, is officially bankrupt. The decision was taken after their only separatist creditor in the process of Suspension of Debts Payment (PKPU). PT Bank Negara Indonesia (Persero) Tbk (BBNI), declined BKM’s...

Another Time Extension on Bumi Resources’ PKPU

Oct 31, 2016 | Law

The creditors of PT Bumi Resources Tbk (BUMI) still have to wait before they an vote on the Company’s peace proposal. The Commercial Court of the Central Jakarta District Court decided to extend BUMI’s period of Suspension of Debts Payment (PKPU) to...

The Eradication of Pungli: Legal Framework

Oct 31, 2016 | Law

President Joko “Jokowi” Widodo signed the Presidential Decree (Perpres) No. 87/2016 on October 20. With this Perpres, the establishment of Saber Pungli (Pungli/Illegal Levies Eradication) Task Force was officially established. At the same time,...

Hary Tanoe & Mobile-8 Case: AGO to Name Suspect

Oct 28, 2016 | Law

Attorney General Muhammad Prasetyo told the press on Wednesday (Oct. 26) that investigators of the Attorney General’s Office (AGO) had found a breakthrough in the case of fraudulent tax restitution of PT Mobile-8 Telecom Tbk (which was a subsidiary of MNC...

Business Dispute: KBN vs MLC Group

Oct 27, 2016 | Law, Market

Business dispute between PT Kawasan Berikat Nusantara (KBN) (persero), a state-owned company managing bonded zone, and PT Multikon Indrajaya Terminal (MIT), subsidiary of PT Multigroup Logistics Company (MLC Group) heats up. They’ve been involved in wars of...

Electherm v. Iqbal Hadromi

Oct 25, 2016 | Law

Last week, Gujarat-based Electrotherm (India) Ltd (NSE: Electherm) won the default lawsuit that they filed at the South Jakarta District Court against one Iqbal Hadromi, the partner of Hadromi & Partners Law Firm. Iqbal is the legal counsel of PT Putera Negeri...

Updates on Putu Sudiartana’s Case

Oct 25, 2016 | Law

The first trial on the graft case involving the former member of the House Commission III of the House of Representatives (DPR) I Putu Sudiartana (Democratic Party) was held in September 2016. The first suspect tried in said trial is Yogan Askan. Several facts were...

Revisiting Gatot Pujo Nugroho’s Case

Oct 21, 2016 | Law

More than a year has passed since the Corruption Eradication Commission (KPK) began investigating the graft cases involving the disgraced Governor of North Sumatera Gatot Pujo Nugroho. Gatot is allegedly involved in four different cases, and he’s been facing...

New Suspect in Akil Mochtar’s Bribery Scandal

Oct 21, 2016 | Law

The former chairman of the Constitutional Court (MK) Akil Mochtar was arrested on October 2, 2013 for his involvement in bribery. Since then, the Corruption Eradication Commission (KPK) has named thirteen suspects connected to Akil Mochtar’s corrupt tenure. But...

2017 Budget for Ministries and State Institutions

Oct 20, 2016 | Law

The Government and the Budget Committee (Banggar) of the House of Representatives (DPR) reached an agreement on the posture of the 2017 State Budget (APBN) for each of the ministries and state institutions. The total amount of the approved budget is Rp763.57 trillion....