In a move to improve on the implementation of the Tax Amnesty program, the Ministry of Finance has revised several provisions contained in the Regulation of the Minister of Finance (PMK) No. 118/PMK.03/2016. On September 23, 2016, the Ministry of Finance issued PMK No. 141/PMK.03/2016 and stated that this revision would add legal certainty and ease in completing administrative process for Taxpayers participating in the Tax Amnesty program

The case of alleged corruption related to the sale of right to collect debts (cessie) of the Indonesian Bank Restructuring Agency (BPPN) involving PT Victoria Securities Indonesia (VSI) and PT Adyaesta Ciptatama (previously reported as PT Adistra Utama) has entered a new phase. The Attorney General’s Office (AGO) has reportedly named suspects in the case.

The Supreme Court granted the Reconsideration (PK) petition filed by two of the graft convicts in the bioremediation case involving PT Chevron Pacific Indonesia (CPI). With this decision, the two convicts must be acquitted. The Attorney General’s Office (AGO) has not yet decided on how to response to this development.

With only 4 days left before the period of Suspension of Debts Payment (PKPU) of PT Trikomsel Oke Tbk (TRIO) is over the Company’s creditors agreed to the peace proposal. At the voting meeting held on September 22, 2016, off all the creditors present, only 3 creditors rejected the proposal, and thus TRIO was able to resolve the process peacefully and escape bankruptcy.

PT Sumatera Persada Energi (SPE), the subsidiary of PT Asiabumi Petroleo, once again escaped a PKPU lawsuit. On September 22, 2016, the Panel of Judges of the Commercial Court of the Central Jakarta District Court decided to decline the lawsuit filed by two of SPE’s creditors, even though the creditors could prove that SPE owe them money. Why?

The dispute between PT Mekar Perkasa (Salim Group) and PT Sweet Indolampung (Sugar Group Companies belongs to Gunawan Jusuf) continues. Dozens of lawsuits filed in four separate district courts within a period of nearly a decade was not enough. After spending so much time and energy in court, this time Mekar Perkasa is trying their luck at the commercial court. On September 5, 2016, Mekar Perkasa filed for a Suspension of Debts Payment (PKPU) against Sweet Indolampung.

On September 5, 2016 PT Mekar Perkasa filed a petition for Suspension of Debts Payment (PKPU) against PT Sweet Indolampung at the Commercial Court of the Central Jakarta District Court, with the claim that Sweet Indolampung owes Mekar Perkasa. But in trial, it was made clear that this lawsuit is a continuation of the old feud involving two tycoons, Anthony Salim and Gunawan Jusuf. Although the dispute has lasted for more than a decade, and has gone through dozens of lawsuits, the saga continues.

Bribery in the Ministry of Public Works and Public Housing (Kemen-PUPR)’s Trans-Seram road project was revealed as a result of the sting operation (OTT) that the Corruption Eradication Commission (KPK) conducted on January 13, 2016. Eight months have passed, and to date, the Director of PT Windhu Tunggal Utama (WTU) Abdul Khoir is the only bribe giver that’s been sentenced. The other alleged bribe giver, i.e., the Commissioner of PT Cahaya Mas Perkasa (CMP) So Seng Kok a.k.a A Seng a.k.a Franky Harman Tanaya and Director of PT Sharleen Raya (JECO Group) Hong Artha John Alfred are still free. On on the receiving end, the members of Commission V of the House of Representatives Damayanti Wisnu Putranti and her colleague Budi Supriyanto (Golkar) have gone to trial, though Musa Zainuddin (PKB) remains a free man. Andi Taufan was named as a suspect in April 2016 and was finally detained earlier this month.

The meeting of creditors of PT Bumi Resources Tbk (BUMI), which was supposed to be held on September 20, 2016, was once again postponed following a request from China Development Bank (CDB). The delay is somewhat troubling because the period of Suspension of Debts Payment (PKPU) is scheduled to end on September 30, 2016. But for some creditors, the delay is precisely what they need.

PT Meranti Maritime and its owner Henry Djuhari have been officially bankrupt since August 2016. The Company’s insolvency process, however, is still complicated by problems. Meranti Maritime and Henry Djuhari questioned the team of curators’ decision to immediately confiscate assets.