On July 20, 2016 the Ministry of Finance led by Minister Bambang Brodjonegoro published the Finance Minister Regulation (PMK) No. 119/PMK.08/2016 on the Procedures for the Transfer of Taxpayers’ Assets into the Territory of Indonesia and its Placement in the...
The Government through the Ministry of Environment and Forestry finally won a civil lawsuit filed against a company suspected of starting forest fire. After nearly half a year of trial, on August 11, 2016, the Panel of Judges of the South Jakarta District Court...
The Corruption Court of the Central Jakarta District Court held the last hearing for the trial of the former Director General of Sea Transportation in the Ministry of Transportation Bobby Mamahit on August 10, 2016, 2016. Bobby was allegedly involved in the corruption...
More than a year has passed since PT Jaba Garmindo was officially declared bankrupt by the Commercial Court of the Central Jakarta District Court. Nevertheless, problems related to the Company’s insolvency proceedings still linger. Four months after Jaba Garmindo was...
The Supreme Court decide to reject the petition for cassation filed by the senior advocate Otto Cornelis (OC) Kaligis, who’s been found guilty of bribing three judges and one registrar of the Medan State Administrative Court (PTUN Medan). With this decision, the...
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 August 8, 2016, the creditors agreed to grant Grahalintas an extension of 60 days. The Company stated that...
After two months of proceeding, on August 10, 2016 the Corruption Court of the Central Jakarta District Court heard the demands of the prosecutors in the case against the former President Director of PT Agung Podomoro Land Tbk (APLN) Ariesman Widjaja and his aide...
The process of Suspension of Debts Payment (PKPU) for PT Trikomsel Oke Tbk (TRIO) is still ongoing. In the hearing held on June 16, 2016, the panel of judges of the Commercial Court of the Central Jakarta District Court decided to grant the Company its application for...
In May 2016 two companies under the management of Lippo Group, Lippo Limited (HKEX.00226) and Lippo China Resources (HKEX.00156), together with the LCR Group, made a joint announcement that a bankruptcy petition was filed by certain creditors against CS Mining LLC,...
The House of Representatives (DPR) had five periods of deliberation for the 2015-2016 calendar. And yet they lawmakers have only managed to show a slight increase in performance when compared to 2014-2015 calendar of deliberation. For 2014-2015 had entered 41 Bills in...
