Nov 16, 2015 | Law, News Group
The Supreme Court (MA) granted the request for reconsideration (PK) proposed by a team of curators for PT Metro Batavia (Batavia Air) in August 2015. The curators are now authorized to auction off Batavia Air’s office in Jalan Juanda, Central Jakarta. But to date, the...
Nov 13, 2015 | Industries, Law
The Ministry of State-Owned Enterprises (BUMN) revealed yet another plan to privatize PT Merpati Nusantara Airlines (Merpati). Will this new plan work? The Government claimed to have found two investors willing to revive the airline. The Deputy Minister of BUMN for...
Nov 13, 2015 | Law, News Group
Last week, Bank Indonesia and the Attorney General’s Office (AGO) agreed to cooperate with the signing of an MoU. This cooperation is built to encourage and promote good governance in both institutions. One of the main focus in this cooperation is to complete the...
Nov 12, 2015 | Industries, Law, News Group
The Central Jakarta Commercial Court declared the oil drilling contractor PT Saripari Pertiwi Abadi bankrupt on September 14, 2015. But the company had since refused to accept the ruling, and filed for a cassation. But the bankruptcy process continues. The dispute...
Nov 12, 2015 | Industries, Law
The dispute between PT Jaddi Internasional against PT Hite Jinro continues. Both parties failed to reach an agreement in a mediation process facilitated by the South Jakarta District Court. Jaddi Internasional’s legal counsel Giovani Sinulingga said that even...
Nov 12, 2015 | Law, Market, Reviews
What a shame! Market authorities suspension brokerage activities of state-owned PT Danareksa Securities related to allegation of trading manipulation in the shares of PT Sekawan Intipratama Tbk (SIAP). Pretty much as predicted, insurance company owned by Indonesian...
Nov 10, 2015 | Industries, Law
The Government announced several policies as parts of the Sixth Economic Policy Package. Among said policies is the issuance of a regulation to monitor the continuation of business operations using groundwater resources. The regulations in question is the Draft of...
