With only 4 days left before the period of Suspension of Debts Payment (PKPU) of PT Trikomsel Oke Tbk (TRIO) is over the Company’s creditors agreed to the peace proposal. At the voting meeting held on September 22, 2016, off all the creditors present, only 3...
PT Sumatera Persada Energi (SPE), the subsidiary of PT Asiabumi Petroleo, once again escaped a PKPU lawsuit. On September 22, 2016, the Panel of Judges of the Commercial Court of the Central Jakarta District Court decided to decline the lawsuit filed by two of...
The dispute between PT Mekar Perkasa (Salim Group) and PT Sweet Indolampung (Sugar Group Companies belongs to Gunawan Jusuf) continues. Dozens of lawsuits filed in four separate district courts within a period of nearly a decade was not enough. After spending so much...
On September 5, 2016 PT Mekar Perkasa filed a petition for Suspension of Debts Payment (PKPU) against PT Sweet Indolampung at the Commercial Court of the Central Jakarta District Court, with the claim that Sweet Indolampung owes Mekar Perkasa. But in trial, it was...
Bribery in the Ministry of Public Works and Public Housing (Kemen-PUPR)’s Trans-Seram road project was revealed as a result of the sting operation (OTT) that the Corruption Eradication Commission (KPK) conducted on January 13, 2016. Eight months have passed, and...
The meeting of creditors of PT Bumi Resources Tbk (BUMI), which was supposed to be held on September 20, 2016, was once again postponed following a request from China Development Bank (CDB). The delay is somewhat troubling because the period of Suspension of Debts...
PT Meranti Maritime and its owner Henry Djuhari have been officially bankrupt since August 2016. The Company’s insolvency process, however, is still complicated by problems. Meranti Maritime and Henry Djuhari questioned the team of curators’ decision to...
PT Trikomsel Oke Tbk (TRIO), which is now in the process of Suspension of Debts Payment (PKPU), only has less than 10 days left to reach an agreement with its creditors. If until next week the creditors cannot agree to the debt payment scheme offered in the draft of...
PT Dwi Aneka Jaya Kemasindo (DAJK)’s period of Suspension of Debts Payment (PKPU) will end in less than two weeks, but the Company’s negotiation with its creditors has not yet produced a conclusive outcome. Several foreign companies, however, have...
The trial of Yogan Askan, a suspect in the case of alleged corruption that also brought down the former member of the House Commission III of the House of Representatives (DPR) I Putu Sudiartana (Democratic Party), was conducted last week. The indictment read by the...
