2022 Outlook: Business Competition
The Business Competition Supervisory Commission (KPPU)’s performance in 2021 is better when compared to its performance before the pandemic. The KPPU will this year with various achievements. This year is also the second year since KPPU has started to award Ministries and Provincial Governments with the best performance in implementing competition policies and Micro, Small, and Medium Enterprise (UMKM) Partnerships.
The BLBI Scandal: Auction
The Satgas BLBI (Satuan Tugas Penanganan Hak Tagih Negara Dana Bantuan Likuiditas Bank Indonesia) has stepped up pressure. The task force formed by Minister of Finance Sri Mulyani Indrawati to recover funds from some businessmen connected to the 1997-1998 financial crisis have been publishing summons through mass media outlets and reclaiming assets controlled by other unrelated parties. This week, a new chapter began. The confiscated assets related to PT Timor Putra Nasional (PT TPN) and Tommy Soeharto have been listed for auction in early 2022.
Ministry of Tourism v. Grahalintas Properti
Last week, the Central Jakarta District Court registered an interesting lawsuit. The tort lawsuit was filed by the Ministry of Tourism and Creative Economy or the Head of the Tourism and Creative Economy Agency Sandiaga Salahuddin Uno against a company whose name is familiar, PT Grahalintas Properti with relation to Samin Tan. We later learned that the dispute that led to this lawsuit was also mentioned in the Company’s debt restructuring process five years ago.
PT Gandaerah Hendana Declared Guilty of Forest Fire
The Court is of the opinion that PT Gandaerah Hendana (PT GH) had failed to anticipate and resolve the fires in its concession and thus contributed to the 2019 forest fires. PT GH was finally found guilty. The Panel of Judges gave the Government a warning with its decision.
Questioning the Judgment on RJ Lino
Richard Joost (RJ) Lino, the former CEO of state-owned port management company PT Pelabuhan Indonesia II (Persero) (Pelindo II) was found guilty. Nevertheless, the court proceedings raised a lot of questions, especially because the presiding judge provided a...
New Suspects in the Land Mafia Case
The land dispute case in East Jakarta, which was later dubbed as the land mafia case, remains convoluted even after the trials in the district court ended. The alleged key perpetrator in the case, one Benny Simon Tabalujan, is still on the run. Recent development adds...
Verdict for RJ Lino
The trial of Richard Joost (RJ) Lino, the former CEO of State-owned port management company PT Pelabuhan Indonesia II (Persero) (Pelindo II) is over. The lengthy process ended as predicted: Lino was found guilty.
Updates on the PKPU against Sritex
Textile giant PT Sri Rejeki Isman Tbk (SRIL or Sritex) has been having a rather terrible year. The last lawsuit for Suspension of Debt Payment (PKPU) against its affiliated company was granted by the Commercial Court at the Semarang District Court. Five companies in the group, including the parent company, and one affiliated company are in a temporary PKPU period. On that note, one PKPU process on a subsidiary ended peacefully, while the last PKPU process was granted an extension just last week.
PKPU for Garuda Indonesia
The past few years have been difficult for PT Garuda Indonesia Tbk (GIAA). The Central Jakarta District Court recorded 20 lawsuits related to Garuda Indonesia within the period, not to mention disputes in other countries. By the end of January 2021, a United Kingdom...
The Muara Enim Graft Case: New Suspects
It has been over two years since the Corruption Eradication Commission (KPK) uncovered a corruption scheme in Muara Enim. The case brought down the Regent of Muara Enim Ahmad Yani (Democratic Party) and several other people, including the Chairman of DPRD Aries HB...