Nov 27, 2015 | Law, News Group
On November 25, 2015 the Corruption Court of the Central Jakarta District Court held a hearing for the charges against M Yagari “Gary” Bhastara Guntur. In said trial session, Gary’s legal counsel raised an interesting question, why hasn’t the Corruption...
Nov 26, 2015 | Law, News Group, Politics
Three years have passed since the former Democratic Party Treasurer Muhammad Nazaruddin was named as a suspect in a money laundering case. On November 25, 2015, the Corruption Eradication Commission (KPK) finally handed over Nazaruddin’s case file to the court and...
Nov 26, 2015 | Industries, Law, News Group
PT United Coal Indonesia finally fell into bankruptcy because they were unable to fulfill the obligation to pay the debt which has been stipulated in the Company’s peace proposal for its creditors. United Coal’s fate was sealed after the panel of judges of the...
Nov 25, 2015 | Law, Market, News Group
The dispute that lasted for nearly three years is finally over. On November 24, 2015, PT Asuransi Jiwa Nusantara (AJN) was declared bankrupt by the Central Jakarta Commercial Court after the panel of judges overseeing the case partially granted the bankruptcy petition...
Nov 25, 2015 | Law, Market, News Group
The impact of default cases on the trading of the shares of PT Sekawan Intipratama Tbk (SIAP) has begun to spread. PT Yuanta Securities Indonesia and PT Reliance Securities Tbk (RELI), the two securities companies involved in the transaction of SIAP’s shares, are now...
Nov 24, 2015 | Law, Politics
The report submitted by the Minister of Energy and Mineral Resources Sudirman Said to the the House of Representatives (DPR) Board of Ethics (MKD) against the DPR Speaker Setya may not produce the outcome many would like to see. The MKD seems to think that Sudirman...
Nov 24, 2015 | Industries, Law, News Group, Politics
The Ministry of Transportation (Kemenhub) has several plans to improve the infrastructure and administration of air transportation, such as adding airport capacity, tightening the procedure of approval on airlines’ Standard Operating Procedure (SOP), and improving...
Nov 23, 2015 | Law, Politics
The Speaker of the House of Representatives (DPR) Setya Novanto, who is also a deputy chairman of Aburizal “Ical” Bakrie’s Golkar faction, admitted that it was Muhammad Reza Chalid who accompanied him in the meetings with the leaders of PT Freeport Indonesia. In said...
Nov 23, 2015 | Industries, Law, News Group
The bankruptcy dispute between PT Metro Batavia (Batavia Air) and the team of curators in charge of the company’s bankruptcy entered a new phase. The curators recently won a lawsuit in the petition for Reconsideration (PK) to auction off Batavia Air’s office in Jalan...
Nov 20, 2015 | Law, Politics
This week is an important week in the investigation process into the allegations of corruption in the Provincial Government of North Sumatra. The trial against the senior advocate Otto Cornelis (OC) Kaligis entered the reading of indictment stage, and the Attorney...
