Feb 15, 2016 | Industries, Law
The bankruptcy dispute between PT Metro Batavia (Batavia Air) and the team of curators administering the Company’s bankruptcy is still ongoing, but the situation may have gotten more complicated. Four of Batavia Air’s shareholders reportedly filed lawsuits...
Feb 15, 2016 | Law, Politics
On February 9, 2016 the Corruption Eradication Commission (KPK) escalated the status of the case of alleged corruption in the procurement of biological fertilizer at the Directorate General of Horticulture in the Ministry of Agriculture (Kemtan) from investigation to...
Feb 15, 2016 | Law, Market, Reviews
The Supreme Audit Agency (BPK) declared potential loss of Rp1.2 trillion to the State from series of agreements between state hotel operator PT Hotel Indonesia Natour (HIN) and two entities of Djarum Group namely PT Cipta Karya Bumi Indah (CKBI) and PT Grand...
Feb 12, 2016 | Law, Politics
The National Police’s Criminal Investigation Division (Bareskrim POLRI) has finally detained Raden Priyono, the former chief of the powerful upstream oil & gas regulator body BPMigas in connection with the allegation of graft in the supply of condensates to PT...
Feb 12, 2016 | Industries, Law
PT Trikomsel Oke Tbk (TRIO) is in their period of Suspension of Debts Payment (PKPU) after being sued by one of its creditor. TRIO is in PKPU for 45 days. On February 11, 2016, TRIO submitted a peace proposal to the creditors, but the creditors have not agreed to the...
Feb 12, 2016 | Industries, Law
PT Tunggal Yudi Sawmill Plywood, a subsidiary of PT Haluan Mitra Abadi (HMA) of Samin Tan appeared to have been declared bankrupt since January 26, 2015 by way of the Suspension of Debt Payment (PKPU) request filed by one of its creditors PT Mulia Permata. But the...
Feb 11, 2016 | Law, Market
Directorate General of Customs and Excise at the ministry of finance requires PT Java Star Rig, a joint venture between KS Drilling Pte Ltd, to pay import duty and fines totalling Rp197 billion. This would negatively affecting financials of KS Energy Ltd. KS Energy...
Feb 11, 2016 | Industries, Law
The Government finally issued the Presidential Decree (Perpres) No. 4/2016, which would act as the legal basis to support the acceleration of the Development of Electricity Infrastructure (PIK). This regulation was made by referencing the provisions of the Government...
Feb 10, 2016 | Law, News Group
The Cooperative Union of Garuda Indonesia’s Aircraft Crew (KOAPGI) is facing a serious problem. The board of KOAPGI is now split into two leaderships and both are arguing and claiming as the legitimate board. This dispute has now entered the court. KOAPGI is one of PT...
