Updates on Brent Ventura’s PKPU

Sep 9, 2016 | Law

PT Brent Ventura received a 45-day extension of period of Suspension of Debts Payment (PKPU). The Panel of Judges of the Commercial Court of the Central Jakarta District Court read the decision on September 6, 2016. Brent Ventura asked for the extension because the...

The End of the Investigation into Freeport Conspiracy? (Part II)

Sep 9, 2016 | Law

After six months of proceedings, on September 7, 2016, the Constitutional Court (MK) finally reached their decisions regarding the petitions for judicial reviews filed by Setya Novanto. The petitions were filed in connection with the ongoing investigation on the case...

The End of the Investigation into Freeport Conspiracy? (Part I)

Sep 9, 2016 | Law

We can still remember how the political atmosphere heated in mid-2015 after the then Minister of Energy and Mineral Resources (ESDM) Sudirman Said filed a report on a suspected attempt at abuse of authority by the then Speaker of the House of Representatives (DPR)...

Sukanto Tanoto & The ‘Adoptive Father’

Sep 9, 2016 | Law, Market, Politics

Last week some media quoted Anwar Nasution, former senior deputy governor of Bank Indonesia and chief of the Supreme Audit Agency (BPK), urging the arrest of tycoon Sukanto Tanoto, owner of RGE Group. This week, ministry of environment and forestry affairs, starts...

Lippo Group Bribery : Indictment for Edy Nasution

Sep 9, 2016 | Law

In April earlier this year, the Corruption Eradication Commission (KPK) caught Edy receiving bribes from Doddy Arianto Supeno, an employee of PT Artha Pratama Anugerah (APP)—a subsidiary of Lippo Group. And finally, on September 7, 2016,the Corruption Court of the...

The Ballooning Royalty & Fees Paid by Multinationals (1)

Sep 7, 2016 | Industries, Law, Market

Holcim Indonesia (SMCB), the third largest cement producer in Indonesia, reported net loss of Rp51 billion in the first half, while two of the largest producers posted substantial profit. Holcim, parent and controlling shareholder of SMCB, however, enjoyed Rp464...

PKPU for Bhineka Karya Manunggal

Sep 7, 2016 | Law

PT Bhineka Karya Manunggal (BKM), a subsidiary of Guna Group, had to once again face a lawsuit on Suspension of Debts Payment (PKPU) from one of its creditors of PT Lautan Warna Sari (LWS). The lawsuit is the second PKPU lawsuit the Company has had to face within two...

The End for Marudut?

Sep 7, 2016 | Law

The Corruption Court of the Central Jakarta District Court finally held the last hearing of Marudut Pakpahan’s trial. Marudut was caught for his involvement in the attempted bribery of Jakarta High Court officials. On September 2, 2016 Marudut...

KPK’s Latest Sting Operation

Sep 6, 2016 | Law

On September 4, 2016 the Corruption Eradication Commission (KPK) conducted a Sting Operation (OTT) in South Sumatera. The target was the Regent of Banyuasin Yan Anton Ferdian of Golkar. At the same time, the KPK arrested five other people. After undergoing examination...

New Regulation for Live Fish Transportation

Sep 5, 2016 | Law

On April 7, 2016 the Ministry of Marine and Fisheries (KKP) issued the Ministerial Regulation (Permen) No. 15/PERMEN-KP/2016 on Vessels for Transporting Live Fish. This new Permen amended many of regulations contained in Permen No. 49/PERMEN-KP/2014. But only a few...