Petroselat Ltd, the subsidiary of PT Sugih Energy Tbk (SUGI) began to face lawsuits on bankruptcy and Suspension of Debts Payment (PKPU) filed by its business partners in April 2016. The Company, however, always managed to escape bankruptcy. But the Company was finally declared bankrupt after the Panel of Judges granted the third lawsuit filed against the Company on July 5, 2017. The meeting of creditors was held on July 18, 2017. To this day, however, SUGI has not submitted any statement regarding this court decision to the Indonesia Stock Exchange.

On April 2017, the Commercial Court of the Central Jakarta District Court published information on a lawsuit for Suspension of Debts Payment (PKPU) registered under case No. 59/Pdt.Sus-PKPU/2017/PN.Jkt.Pst against PT Eterindo Wahanatama Tbk (ETWA). This is the third PKPU lawsuit filed against the Company in this year alone, and the Company has not submitted its financial report since the end of 2016. What’s going on?

Four months have passed since the cruise ship MS Caledonian Sky ran aground and damaged coral reefs in Papua’s Raja Ampat waters. To this day, however, the process of compensation negotiations from the company’s insurance claims remains unclear. The Government also said that it would not hold negotiations for any longer and would rather prepare to sue the Company and the ship’s captain at the Central Jakarta District Court.

PT Megalestari Unggul and its personal guarantors namely Paulus Tannos, Lina Rawung, Catherine Tannos and Pauline Tannos were declared bankrupt by the Commercial Court of the Central Jakarta District Court in February 2017, but the decision made more problems. The debt dispute is a collateral damage of a long-standing dispute between Paulus Tannos and his former business partners. Paulus, who is now residing in Singapore with his family, objected to the bankruptcy decision. In an open statement published on Tempo newspaper last week, Paulus noted that the family was tricked into guaranteeing the debt of PT Megalestari Unggul. Moreover, Paulus claimed he never received any invitation from the court regarding the dispute and therefore the verdict was not valid. But even so, the team of curators still went ahead with their work. The supervisory judge on the case even promulgated the first stage of the distribution of proceeds from the sale of the bankruptcy assets. What should we expect after this?

PT Harsco Dana Abadi, PT Anugerah Tunas Asia, and Mr Harsono Amidjojo have this week filed a tort lawsuit against Ali Budiarjo, Nugroho, Reksodiputro law firm (ABNR Law), Mr Philip R Payne, and Ms Ricky S Nazir.

Mercury Overseas Finance Ltd and PT Dabi Oleh have on July 13, 2017 filed lawsuit against Wuxi Humei Thermal Energy and Energy Power Engineering Co Ltd, PT Muxi Boiler Power Plant Indonesia, DBS Bank Singapore, and China Construction Bank Corporation (CCBC).

On May 8, 2017, the Government of Indonesia announced the plan to disband the notorious community organization (Ormas) Hizbut Tahrir Indonesia (HTI). The Coordinating Minister for Politics, Law, and Security Wiranto said that HTI had to be disbanded because their activities spurred division in the community, which can threaten security and public order, and endanger the integrity of the Republic. But the decision was faced with one obstacle: the Law No. 17/2013 regarding Ormas. The law explicitly states that in order to disband an Ormas, the Government must file for lawsuit at the district court, a process that consumes a lot of time. To avoid a lengthy process, the Government decided to change the provisions of the law by promulgating the Government Regulation in Lieu of Law (Perppu) No. 2/2017 to revise the Law No. 17/2013.

The Sujaya Group and its two subsidiaries—PT Bintang Jaya Proteina Feedmill (Bintang Jaya) and PT Sinka Sinye Agrotama (Sinka Sinye)—were able to convince the majority of their creditors to accepting their peace proposal. And thus the Sujaya Group escaped bankruptcy.