In the midst of the recovery period due to the COVID-19 pandemic, several companies are still facing debt restructuring process due to the Suspension of Debt Payment (PKPU) lawsuit. Among the companies are PT Estika Tata Tiara Tbk (BEEF), who does business with the...

Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia (BLBI), a task force under Minister of Finance Sri Mulyani Indrawati’s supervision to recover funds from some businessmen related to 1997-1998 financial crisis, continue giving pressures....

A few days ago we reported on the latest legal problem faced by PT Asmin Koalindo Tuhup (PT AKT), a subsidiary of PT Borneo Lumbung Energi & Metal Tbk (BORN, now delisted) belonging to Samin Tan. The company is threatened to no longer operate and is suing the decision issued by the Government. This news is actually a long overdue so it is no longer surprising, but shocking news came from the National Police (POLRI) this week.

In October 2021, PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM) and PT Indah Kiat Pulp & Paper Tbk (INKP),  both part of Sinar Mas conglomerate, sued CV Karya Putra Bersama (CV KPB) for alleged default. The parties have a coal sale and purchase agreement. The court had already decided in favor of TKIM and INKP in June 2022, however, instead of implementing the court’s decision, CV KPB filed a lawsuit against INKP, seeking to force the company to restructure its debt.

Once praised for his anti-corruption image and intellect, the disgraced Governor of South Sulawesi, Nurdin Abdullah, and his accomplice were found guilty of graft in separate hearings held towards the end of 2021. The decisions, however, was not the end. The Corruption Eradication Commission (KPK) continued investigating and found entrance to another case of corruption involving four auditors of the Supreme Audit Agency (BPK). The KPK named five new suspects in the case, and this week the auditors are detained.

Nearly three years ago, problems within Koperasi Simpan Pinjam (Kospin) Indosurya Cipta were exposed. Initially, the Kospin was able to resolve their debt dispute with peace agreement, but police investigation found that the executives committed crimes in running the business, three suspects were announced. Far from media coverage, recently, we learned that the peace agreement was annulled by the court and dockets of the suspects in criminal case had been completed. With latest development, the most important thing is, will the clients’ money be returned?

Transportation and logistics company PT Sidomulyo Selaras Tbk (SDMU) is going through a tough year. The company started 2022 by facing a Suspension of Debts Payment (PKPU) lawsuit from one of its creditors. The lawsuit was later dropped, and the company underwent a...

Entering the third year after the COVID-19 outbreak, the situation has worsened for several industries, including in vaccine production. Earlier this year we reported that the Commercial Court at the Central Jakarta District Court registered a lawsuit filed by a...

PT BRI Danareksa Sekuritas recently filed a lawsuit against familiar names including Rennier Abdul Rachman Latief. The lawsuit is interesting because Rennier has been mentioned as being involved in several corruption cases, including the ongoing ASABRI scandal. In a...

The Ministry of Investment (BKPM) has revoked thousands of Mining Business Permits (IUPs) this year. Said move received a strong reaction. Many wondered why the BKPM led the process, not the Ministry of Energy and Mineral Resources. Some resorted to legal actions...