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...

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...

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...

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...

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. 

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.

Last year was difficult for PT Garuda Indonesia (GIAA). The Company had to face several lawsuits in the middle of a financial crisis due to the COVID-19 outbreak. By the end of Jan. 2021, a UK High Court decided to grant GIAA's application for a stay of proceedings...

In 2017, J&F Investimentos SA, a holding company owned by brothers Joesley and Wesley Batista, agreed to sell its flagship asset Eldorado Brasil Celulose SA to Netherland-based Paper Excellence, managed by Jackson Widjaja, grandson of the late Eka Tjipta Widjaja. But the deal quickly turned sour. J&F canceled the deal. It argued that Paper Excellence did not comply with the conditions to close the deal. Paper Excellence went to court, and the court sent the decision to arbitration. Recently, the arbitrators reportedly ruled in favor of Paper Excellence.

In the past two months, PT Perusahaan Gas Negara Tbk (Persero) (PGAS) has announced several information disclosures to the IDX. They are all related to the Company’s tax problems. In its latest announcement, PGAS stated that it had lost in a dispute against the Directorate General of Taxation and must pay more than Rp3 trillion. It’s terrible news, for the Company is not in a good situation.