Merpati Airlines and Kim Johannes Mulia
The time limit in the process of Suspension of Debts Payment (PKPU) of Merpati Airlines was extended for 30 days on September 3, 2018, after the Company finally signed an agreement with its new investor. Several national media outlets confirmed that the investor is PT Intra Asia Corpora, lead by one Kim Johannes Mulia, the name we have mentioned since the beginning of this year.
Another Loss for Bayan Resources
The Singapore Court of Appeal recently published the verdict in relation to the appeal petition submitted by PT Bayan Resources Tbk (BYAN) and its subsidiary Bayan International Pte Ltd against the second tranche judgment of the Singapore International Commercial Court (SICC) in the proceedings brought by Binderless Coal Briquetting Company Singapore Pte Ltd (BCBCS) and Binderless Coal Briquetting Company Pty Ltd (BCBC), the subsidiaries of White Energy Company Limited (ASX: WEC), in connection with the long battle on the joint venture in Kalimantan, i.e., PT Kaltim Supacoal (KSC). The Court decided to dismiss the appeal petition in relation to all of the four main issues except for one matter.
Soemarli Lie v. Minanto Wiyono et al
For the past week, national newspapers published announcements made by the representatives of one Soemarli (or Soemarli Lie) and one Ng Min Hong (now Minanto Wiyono). The parties had a dispute over the sales of shares of Success Overseas Finance Limited (Success), a Company incorporated in the British Virgin Islands, in PT Pancadaya Perkasa.
Lawsuit against Bank J Trust
On September 4, 2018, the Central Jakarta District Court registered a tort lawsuit filed by one Gavin Goh Meng Meng, a Singaporean businessman, against several parties including Lembaga Penjamin Simpanan and PT Bank J Trust Indonesia Tbk (BCIC). At the heart of the dispute is the series of decisions made by the parties as a result of the situation implicating Bank Century.
On 2019 General Election : Rules of the Game (Part II)
The dispute on the presidential threshold regulated in Law No. 7/2017 has gone for a while, and it has unfortunately taken the attention away from the rules of the game at large. We’ve listed the rules of the game in the first part of this series. In this article we note some of the points that are worth highlighting.
On 2019 General Election: Rules of the Game (Part I)
As we approach the 2019 General Election, it’s important for us to know the rules of the game in general, and in particular with regards to campaign financing. The rules are set on several regulatory products. In this series of articles, we attempt to compile them into a list and compare the current rules of the game with the rules that applied in the 2014 general election.
Development on Corruption in Malang
In the second week of August 2018, the Corruption Court of the Surabaya District Court read the verdict for Moch. Anton, the former mayor of Malang, who was named a suspect for the allegation of his involvement in a corruption, which was uncovered last year. Anton was sentenced to 2 years imprisonment and several other people who were named suspects along with him have been convicted. The Corruption Eradication Commission (KPK) also named dozens of new suspects earlier this year, most of them are members of the Malang DPRD. Recently, the KPK said that they have named 40 of the 45 members of the DPRD Malang suspects in the case.
The Future for Internet of Things: The Kartin1 Card and Access to Civil Registry
In March last year the Directorate General of Taxation (Ditjen Pajak) of the Ministry of Finance launched an identity card that is integrated with the Taxpayer Card (NPWP). The “Kartu Indonesia 1”, stylized as “Kartin1” (pronounced “Kartini”), was produced as a prototype. But after the launch, news of the card seemed to dissipate. Bank Indonesia has not approved of the card for public distribution.
PKPU and Bankruptcy Journal: Sariwangi and AISA
PT Sariwangi Agricultural Estate Agency (Sari Wangi AEA Co Ltd – Sariwangi) and its subsidiary PT Maskapai Perkebunan Indorub Sumber Wadung (Indorub) first escaped bankruptcy in September 2015. Since then both companies also escaped several other similar lawsuits. Entering August 2018, both must again face a lawsuit demanding a cancellation of the peace agreement promulgated in 2015.
The Future for Internet of Things: The Problem with Regulations
Through the State address at the Annual Session of the People’s Consultative Assembly (MPR) on August 16, 2018, President Joko “Jokowi” Widodo briefly mentioned Artificial Intelligence (AI), Internet of Things (IoT) and various technological advances that Indonesia must adapt to quickly. The President’s commitment in this seems clear, but has his bureaucracy responded with the same sense of urgency? Are we prepared?