Updates on Batavia Air’s Insolvency

Jun 20, 2016 | Law

The team of curators on the insolvency of PT Metro Batavia have just announced another plan to distribute the results of the auction of assets in the amount of Rp37,06 billion. In this fourth stage of auction results distribution, the team of curators will distribute...

Cancellation of Burdensome Bylaws

Jun 17, 2016 | Law

In a speech delivered at the opening of the 2016 National Conference of Indonesian Chancellors Forum held in late January, President Joko “Jokowi” Widodo told the attendees that there were 42,633 overlapping legislations, of which 3,000 are bylaws...

Updates on Trikomsel’s PKPU

Jun 17, 2016 | Law

The process of Suspension of Debts Payment (PKPU) for PT Trikomsel Oke Tbk (TRIO) is still ongoing. At 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 third application for an...

Singaporean Footprints in Batam: Funtasy Island

Jun 16, 2016 | Law

At the end of May 2016 news, a map published by the Singaporean property developer Funtasy Island Development (FID) Pte Ltd—the developer of Pulau Manis in Batam—made news. In said map, Pulau Manis, marketed under the name Funtasy Island, was colored turquoise, the...

KPK’s Investigation into the e-KTP Scandal

Jun 16, 2016 | Law, Politics

After two years of investigation, the Corruption Eradication Commission (KPK) is finally ready to bring the electronic identity card (e-KTP) procurement case to prosecution. The KPK received an input from the Supreme Audit Agency (BPK) regarding the estimation of...

Updates on Dwi Aneka Jaya Kemasindo’s PKPU

Jun 15, 2016 | Law

The creditors of PT Dwi Aneka Jaya Kemasindo Tbk (DAJK) decided to give the Company another opportunity to revise their peace proposals in the process of Suspension of Debt Payment (PKPU). This decision was accepted by the Panel of Judges of the Commercial Court at...

The End for Dewie Yasin Limpo?

Jun 14, 2016 | Law

The bribery case involving the former Hanura politician Dewie Yasin Limpo has reached the finish line. On June 13, 2016, the Corruption Court of the Central Jakarta District Court read the verdict of Dewie and Bambang Wahyuhadi (her staffer). Both were found guilty...

Updates on Bank Bukopin v. Panghegar Group

Jun 14, 2016 | Law

After one of its subsidiaries PT Panghegar Kana Legacy was declared bankrupt in mid May 2016, the Panghegar Group is facing another set of problem. Two of the Group’s other subsidiaries, PT Panghegar Kana Properti and PT Hotel Panghegar, have had their request...

The End for Abdul Khoir?

Jun 13, 2016 | Law

The Director of PT Windhu Tunggal Utama Abdul Khoir has been sentenced to 4 years imprisonment with the obligation to pay Rp200 million in fine after he was found guilty of bribing at least 4 members of the House of Representatives and a state official. The verdict is...

2016 Capital Injection

Jun 13, 2016 | Law, Politics

The Government proposed a series of Capital Injections (PMNs) for State-Owned Enterprises (BUMN) in the 2016 Revised State Budget (2016 RAPBN-P) after failing to secure the approval for the first PMN round proposed in the 2016 Budget (2016 APBN). This time, the...