Two weeks ago, the Commercial Court of the Central Jakarta District Court registered a lawsuit on Suspension of Debts Payment (PKPU) against PT Alfa Retailindo, the Company that built the foundation for Alfamart business chains. The lawsuit was withdrawn a week later.

In September 2020, the Commercial Court of the Central Jakarta District Court registered 53 PKPU lawsuits and two bankruptcy lawsuits. Among these lawsuits is the dispute related to PT Bumi Hasta Mukti. We also recently learned that senior advocate Otto Hasibuan had filed a PKPU lawsuit against graft convict Joko Soegiarto Tjandra.

Towards the end of last week, the deliberation on the Employment Cluster in the Omnibus Bill on Job Creation began unexpectedly. The Cluster is the last to be discussed. That said, achieving progress will not be easy. Many in the workers’ unions and the House of Representatives still reject the content of the Cluster.

The Supreme Court continues to reduce the punishment of graft convicts. Last week, the Corruption Eradication Commission (KPK) published 20 disappointing decisions given by the Supreme Court in a show of protest, but that did not stop the Justices. Earlier this week, the Supreme Court reduced the punishment of three other graft convicts, two of whom were found guilty in the E-KTP graft case. 

Various national media outlets reported on Thursday, Sep. 24, 2020 that PT Lion Mentari Airlines (Lion) is being sued by its partner Goshawk Aviation Ltd over a financial dispute. Goshawk reportedly demanded payment of over UK£10 million (US$12.8 million) for seven Boeing jet leasing agreements. Lion Air responded to the lawsuit, stating that they were in a difficult situation as a result of the COVID-19 outbreak. 

The allegation of corruption involving State-owned insurance company PT Asuransi Jiwasraya (Persero) is rife with complex corruption schemes. But despite the difficulties and the scale, the Attorney General's Office (AGO) succeeded in completing the investigation and...

After only one month of inquisition, the Attorney General's Office (AGO) completed the docket of prosecutor Pinangki Sirna Malasari, who supposedly conspired in a scheme to help fugitive Joko Soegiarto Tjandra. Her trial started on September 23, 2020. Nothing new has...

Suspension of Debts Payment and Bankruptcy lawsuits have grown in demand as a way out of financial disputes. In September 2020, the Commercial Court at the Surabaya District Court had registered 13 PKPU lawsuits. Several of which are interesting to observe. 

The Attorney General’s Office (AGO) recently asked for an additional budget to rebuild its scorched main building. The public learned that the burned building, which should have been listed as State Property, was not insured. So, the State must bear the cost of rebuilding. State Property (Barang Milik Negara – BMN) is something that is rarely discussed. What does the designation of State Property mean?

A prolonged economic crisis usually leads to more bankruptcy lawsuits. We noticed a growing application for suspension of debt payments (PKPU) in Indonesian courts in the past few months. Some might be legitimate application, but mindful of possible legal maneuver to screw creditors. We will regularly update you on the recent PKPU applications, starting with those recently filed to the Commercial Court of Semarang District Court in Central Java.