Updates on Sentul City’s Bribery Case: Swie Teng’s Reconsideration

May 23, 2016 | Law

The Supreme Court (MA) reduced the sentence of the President Director of Sentul City Kwee Cahyadi Kumala a.k.a. Swie Teng from 5 years in prison to 2 years and 6 months in prison after his plea for Reconsideration (PK) was accepted. Swie Teng was found guilty of...

Victory for Bukit Darmo?

May 20, 2016 | Law

The dispute between PT Bukit Darmo Property Tbk (BKDP) and the Arbiter Assembly of the Indonesian National Arbitration Board (BANI) has ended with victory for BKDP. On May 19, 2016, the panel of judges of the South Jakarta District Court partially granted BKDP’s...

Cal Dive v. Bumi Hasta Mukti and Pertamina

May 20, 2016 | Law

The dispute between PT Cal Dive Offshore Indonesia, a subsidiary of Cal Dive International Inc,. and PT Bumi Hasta Mukti (BHM) continues. After a year of fruitless effort at getting BHM to implement the decision of the Indonesian National Arbitration Board (BANI), Cal...

Peace for Petroselat

May 19, 2016 | Law

The debt dispute that lead to a bankruptcy lawsuit for Petroselat Ltd, the subsidiary of PT Sugih Energy Tbk (SUGI), was resolved peacefully. In the trial held on May 18, 2016, the panel of judges of the Commercial Court of the Central Jakarta District Court delivered...

Updates on the Arrest of MA Officials

May 18, 2016 | Law

The former Head of the Specific Civil Appeals and Reconsideration Sub-Directorate of the Supreme Court Andri Tristianto Sutrisna attended a hearing held on May 16, 2016, as a witness of the other bribe suspects. Andri revealed some shocking facts. The graft case hit...

The Constitutional Court Forbids Public Prosecutors From Filing Reconsideration

May 18, 2016 | Law

On May 11, 2016 the Constitutional Court (MK) granted the judicial review on Art. 263 paragraph (1) of the Law No. 8/1981 on the Criminal Procedure. With this decision, the MK reinforces the legal restriction that had been long debated: prosecutors (JPU) are not...

Shima Seiki v. Bank MNC and Bank SBI

May 17, 2016 | Law

It has been more than a year since PT Jaba Garmindo was officially declared bankrupt by the Commercial Court of the Central Jakarta District Court, but the problem related to the insolvency proceedings has not yet ended. Four months after Jaba Garmindo was declared...

Updates on PKPU for Bumi Resources

May 16, 2016 | Law

The process of Suspension of Debts Payment (PKPU) of PT Bumi Resources Tbk (BUMI) continues. The PKPU administrator team called for an initial meeting of creditors on May 9, 2016 in the Commercial Court of Central Jakarta District Court and estimated the amount of...

PKPU for Dwi Aneka Jaya Kemasindo

May 16, 2016 | Industries, Law, Market, News Group

The process of Suspension of Debts Payment on PT Dwi Aneka Jaya Kemasindo Tbk (DAJK) continues. In the meeting of creditors held on May 12, 2016, DAJK requested to restore the activity on one of its production lines while completing its liabilities to creditors....

Banten Govt Bails Out Bank Pundi (2)

May 13, 2016 | Law, Market, Politics

Ricky Tampinongkol, former CEO of PT Banten Global Development (BGD), which acquires Bank Pundi (BEKS), has recently been sentenced 2 years and six months jail for corruption in the establishment of Bank Banten. Earlier, the Banten Legislative Council (DPRD) urged...