Updates on Grahalintas Properti’s PKPU

Oct 13, 2016 | Law

The debt dispute between PT Grahalintas Properti against one of its creditors PT Bank CIMB Niaga Tbk (BNGA) continues. In the last meeting of creditors held on October 11, 2016 the creditors agreed to give Grahalintas a time extension of 30 days. The extension is...

Updates on Sujaya Group’s PKPU

Oct 13, 2016 | Law

Since last week, Sujaya Group’s two subsidiaries—PT Bintang Jaya Proteina Feedmill (Bintang Jaya) and PT Sinka Sinye Agrotama (Sinka Sinye)—has had to face a lawsuit on Suspension of Debts Payment (PKPU) filed by HSBC Banking Corporation Ltd. HSBC claims that...

Corruption in the Ministry of Transportation

Oct 12, 2016 | Law

In the afternoon of October 11, 2016 the National Police Headquarters and the Jakarta Metropolitan Police conducted a raid at the Ministry of Transportation. The raid was done following reports of extortion in the Ministry. What’s interesting is that Minister of...

The End of Dayaindo’s Insolvency

Oct 12, 2016 | Law

The Commercial Court of the Central Jakarta District Court terminated the bankruptcy proceeding of PT Dayaindo Resources International Tbk (KARK) and its subsidiary PT Daya Mandiri Resources Indonesia (DMRI) on October 10, 2016. The decision was made after the team of...

Shinta Group & Inheritance of Toto Hermijanto

Oct 12, 2016 | Law, Market

Toto Hermijanto, founder of Shinta Group, one of the largest garment and textile players in the country, passed away on July 30, 2016 in Singapore. On Tuesday, October 11, Lontoh & Partners Law Office, published a warning letter regarding the transfer/transaction...

E-KTP Graft Case: Developments?

Oct 11, 2016 | Law

Recently, the Deputy Chief of the Corruption Eradication Commission (KPK) Saut Situmorang told the press that the KPK would question Golkar Chairman Setya Novanto in connection with the allegations of graft in the procurement of electronic identity card (e-KTP). But...

MAXpower Bribery Case (3)

Oct 11, 2016 | Law, Market

Ahmad Raja Siregar, lawyer for three minority shareholders of PT MAXpower Indonesia, dismissed allegations about their involvement in the bribery case being investigated in the United States of America, Bisnis Indonesia reported. The lawyer, however, revealed internal...

KPK and the Pre-Trial Lawsuits

Oct 10, 2016 | Law

Over the last two months, the Corruption Eradication Commission (KPK) has been faced with several pre-trial lawsuits, including the lawsuits filed by the big names that were previously named as graft suspects in three different cases, such as: the former Chairman of...

Tamtama Perkasa Escaped Bankruptcy

Oct 10, 2016 | Law

PT Tamtama Perkasa and its owner Prajogo Pangestu escaped the bankruptcy lawsuit filed by one of its creditor PT Penang Export Indonesia (PEI). After following four hearings in the Commercial Court of the Central Jakarta District Court, the parties finally agreed to...

PKPU for Sujaya Group

Oct 7, 2016 | Law

Sujaya Group’s two subsidiaries—PT Bintang Jaya Proteina Feedmill (Bintang Jaya) and PT Sinka Sinye Agrotama (Sinka Sinye)—must face a lawsuit on Suspension of Debts Payment (PKPU) filed by one of their creditors HSBC Banking Corporation Ltd. HSBC claims that...