The Latest on Garuda Indonesia’s Scandal: The Trial 

In Nov. 2019, Indonesian Customs officials uncovered a smuggling scandal involving executives of PT Garuda Indonesia (Persero) Tbk (GIAA). Four directors, including then-President Director Ari Askhara, were dismissed following the incident. The Directorate General of Taxation of the Ministry of Finance promised that the investigation into the violation would be finished in less than a week. That was over a year ago. Finally, the trial of Ari Askhara started this week. 

WIKA v. Chevron

Last week, the Central Jakarta District Court registered a lawsuit filed by PT Wijaya Karya (Persero) Tbk (WIKA). This lawsuit aims to cancel an arbitration award. The Court did not provide any other information other than that WIKA was suing PT Chevron Pacific Indonesia (PT CPI). We suspect that this dispute is related to cooperation established more than eight years ago from the defendants’ details.

PKPU/Bankruptcy Journal: Kasih Industri 

PT Kasih Industri Indonesia (PT KII) began the year 2021 with the lawsuit on Suspension of Debt Payment (PKPU) filed by PT Humpuss Trading, a company controlled by Tommy Soeharto. The South Jakarta District Court rejected the lawsuit in the second week of February 2021. But soon after that, another company in the same group with PT Humpuss Patragas filed a similar PKPU lawsuit. Kasih group and its owner Eka Wahyu Kasih are tangled in a corruption case.

Updates on Bakamla Graft Case

Over four years have passed since the Corruption Eradication Commission (KPK) uncovered a corruption scheme in the Maritime Security Agency (Bakamla). Unlike with other cases, the KPK continued investigating the Bakamla graft case though the trials were over. It...

Ultra Petita Decisions

Recently, Panels of Judges have been handing down decisions with more than what was asked for. Such decisions are called Ultra Petita decisions. In some cases, Panels of Judges even decided something other than what was demanded in the indictment. Do judges have such...

The Troubled Sentul City

PT Sentul City Tbk (BKSL) faced yet another lawsuit on Suspension of Debt Payment (PKPU) last month. Since 2016, the Commercial Court of the Central Jakarta District Court has registered three lawsuits seeking the Company's bankruptcy and four PKPU lawsuits. The...

2021 State Capital Injection

The Indonesian Government will inject more capital (PMN) to nine State-Owned Enterprises (BUMN) in 2021. Many question the decision. It's a fact that many BUMN are involved in graft cases. It would make sense if people were to doubt state-companies' prudence. The...

Updates on Joker’s Case: Latest Verdict, Prosecutors’ Demands, and More

Trials of those who supposedly helped Joko Soegiarto Tjandra will be over soon. The Panel of Judges recently declared Prosecutor Pinangki Sirna Malasari guilty of evil conspiracy, money laundering, and bribery. On the same day, the prosecutors read their demands for the disgraced police general Prasetijo Utomo. Separately, Prasetijo’s colleague Napoleon Bonaparte insisted that he’s not guilty and instead blamed his subordinates. Many questions remain unanswered. 

KPPU and Omnibus Law

The prohibition of monopolistic practices and unfair business competition is rarely discussed in the context of the Omnibus Law. The regulation regarding said topics had undergone several significant changes. On Feb. 2, 2021, the Supreme Court issued a Circular (SEMA) to explain the changes in the judicial institution.

The Troubled OSO Sekuritas

Last week, various national media outlets were busy covering what happened with PT OSO Sekuritas Indonesia. The investment firm was delisted from the Stock Exchange after it remained suspended for over three months. The news reminded us of other legal issues...

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