Prada v. Manggala Putra Perkasa (Part II)

Jun 6, 2016 | Law

The trademark dispute between Prada SA against PT Manggala Putra Perkasa (MPP) continues. The Commercial Court of the Central Jakarta District Court granted the lawsuit filed by Prada SA and annulled the same trademark registered by MPP in the Directorate General of...

Updates on Geo Cepu’s PKPU

Jun 6, 2016 | Law

The Commercial Court of the Central Jakarta District Court decided to give PT Geo Cepu Indonesia (Geo Cepu), the partner of PT Pertamina EP, additional time for its Suspension of Debt Payments (PKPU). With this decision, Geo Cepu officially entered their period of...

The Collapse of Inovisi Infracom: Where’s The Money? (2)

Jun 3, 2016 | Industries, Law, Market

Inovisi Infracom (INVS) was a small company with sales revenue of Rp48 billion in 2008, but then jumped to Rp88.7 billion in 2009, mainly to the growing campaigns through people’s phone/gadget, which was classified ‘unwarranted SMS’ or premium SMS. They skyrocketed in...

The Collapse of Inovisi Infracom: Where’s The Money?

Jun 3, 2016 | Law, Market

Three years ago, Inovisi Infracom (INVS), whose business include ICT and coal mining—-what a strange combination, was valued US$1.5 billion or so. Trading in the stock, however, has been suspended since February 2015. At the last quoted price, Inovisi’s market value...

The High Court of East Java v. La Nyalla (2)

Jun 1, 2016 | Law

On May 30, 2016 the High Court of East Java issued a new warrant of inquisition (Sprindik) on a case of alleged corruption implicating the Chairman of the Football Association of Indonesia (PSSI) La Nyalla Mattalitti. The day after, after being in hiding for more than...

Update on Dwi Aneka Jaya Kemasindo’s PKPU

Jun 1, 2016 | Law

The process of Suspension of Debts Payment on PT Dwi Aneka Jaya Kemasindo Tbk (DAJK) continues. Recently, following a meeting of creditors held at the Commercial Court of the Central Jakarta District Court on May 26, 2016, the PKPU administrators verified the...

On the Revision of the Minerals and Coal Law No.4/2009

Jun 1, 2016 | Industries, Law

The House of Representatives (DPR) included the revision of UU No.4/2009 on Minerals and Coal (Minerba) into this year’s legislative priority program, and yet to date, the House has not been able to discuss the revision. The revision of Law 4/2009 was the DPR’s...

Updates on Bumi Resources’ PKPU

May 31, 2016 | Law

On May 30, 2016 the administrators of PT Bumi Resources Tbk (BUMI)’s Suspension of Debts Payment (PKPU) was supposed to verify the bills of the Company’s creditors, but this had to be postponed due to differences in the bills presented by bond holders and...

Updates on Dewie Yasin Limpo’s Bribery Case

May 31, 2016 | Law

The hearing for Dewi Yasin Limpo’s graft case continues. On May 30, 2016, the Hanura politician read her plea on the charges of her involvement in bribery. Dewi insisted that she is innocent. To refresh our memory, Dewi’s case began when the Head of...

PKPU for Eagle High Plantation

May 30, 2016 | Industries, Law

The subsidiary of PT Eagle High Plantation Tbk (BWPT), PT Sawit Sukses Sejahtera (SSS), must face a Suspension of Debts Payment (PKPU) lawsuit filed by the latter’s creditors, namely, PT Triroyal Timurraya (Triroyal) and PT Sumber Sarana Power Electric (SSPE)....