Irman Gusman & Corruption: The Arrest

Sep 19, 2016 | Law

The Corruption Eradication Commission (KPK) delivered shocking news on September 17, 2016. They had conducted their latest Sting Operation (OTT) in Jakarta and caught the Chairman of the Regional Representatives Council (DPD) Irman Gusman in a bribe transaction....

Benny Tjokro v. Goldman Sachs et al.

Sep 16, 2016 | Law

On September 8, 2016, Benny Tjokrosaputro the founder and President Director of PT Hanson International Tbk (MYRX) filed a tort lawsuit to the South Jakarta District Court against Goldman Sachs International and two other parties related to alleged illegal sales of...

The Latest on the Cap Kaki Tiga Brand Dispute

Sep 16, 2016 | Law

The trademark dispute between Wen Ken Drug Co Ltd, owner of the brand and logo “Cap Kaki Tiga”, with an Englishman named Russell Vince ended in late December 2015. Wen Ken was thus no longer allowed to produce or sell any products using the brand name. But...

Tax Amnesty in Action (24): More Promising Results

Sep 15, 2016 | Law, Market

Tax Office recorded Rp21.3 trillion of revenues from tax amnesty and payments of tax liabilities in arrears as of Thursday, Sept 15. This is significantly higher than the amount recorded yesterday at Rp11.2 trillion. Tommy Soeharto, son of the late president Soeharto,...

The End for Doddy Aryanto Supeno?

Sep 15, 2016 | Law

The trial of Doddy Arianto Supeno, an employee of PT Artha Pratama Anugerah (APP) that was caught handing bribes to the Registrar of the Central Jakarta District Court Edy Nasution, has ended. Doddy is deemed guilty of all charges, and so now we only have to follow...

Updates on Bhineka Karya Manunggal’s PKPU

Sep 15, 2016 | Law

The process of Suspension of Debts Payment (PKPU) for PT Bhineka Karya Manunggal (BKM), a subsidiary of Guna Group, continues. The Company presented the draft of their peace proposal in the last meeting of creditors, but most of the creditors still expressed...

PKPU for Sumatera Persada Energi

Sep 14, 2016 | Law

A new lawsuit for Suspension of Debts Payments (PKPU) was filed against PT Sumatera Persada Energi (SPE), the subsidiary of PT Asiabumi Petroleo. The lawsuit is the second lawsuit for SPE in the past two years. In the first PKPU lawsuit in 2014, the oil and gas...

Updates on Nur Alam’s Case

Sep 14, 2016 | Law

The Corruption Eradication Commission (KPK) continues to investigate the case of alleged corruption involving the Southeast Sulawesi Governor Nur Alam. Dozens of Southeast Sulawesi Regional Government officials are being examined, including representatives from...

Updates on Bumi Resources’ PKPU

Sep 13, 2016 | Law

PT Bumi Resources Tbk (BUMI), which has been in a period of Suspension of Debts Payment (PKPU), submitted a disclosure to the Financial Services Authority (OJK)’s Securities and Exchange Commission on August 30, 2016 concerning the sale of shares of its...

PLN v. Betasurya Tatagraha

Sep 13, 2016 | Law

PT Perusahaan Listrik Negara (Persero) (PLN) is once again facing a dispute with one of its partners PT Betasurya Tatagraha. The object of the disagreement is the implementation of an employment agreement. This dispute was supposed to have been resolved at the...