Bankruptcy Lawsuit Against Punj Llyod Indonesia

PT Punj Llyod Indonesia (PLI) has to face a bankruptcy lawsuit filed by one of its creditors, PT Wika Intinusa Niagatama (WIN). The lawsuit is the first bankruptcy lawsuit filed against PLI within three years, after previously managing to avoid the lawsuits on Suspension on Debts Payment (PKPU) filed by the Company’s other creditors. Will PLI escape unscathed once more?

The Yayasan Supersemar’s Dispute  

The Attorney General’s Office (AGO) must go through a difficult process executing the decision of Reconsideration (PK) in the dispute between the State against Yayasan Supersemar, a foundation that belongs to the family of former President Soeharto. After facing the issue of expensive execution costs, the AGO has had to face a new hurdle after the panel of judges at the South Jakarta District Court partially granted the tort lawsuit filed by Yayasan Supersemar against the AGO. The lawsuit concluded with the statement that Yayasan Supersemar never received donations from State banks in the form U.S. dollar currency as accused in the PK. Will the South Jakarta District Court’s decision affect the execution process?

Legislative Journal: PMK No. 108/PMK.05/2016

The Ministry of Finance published the Regulations of the Minister of Finance (PMK) No. 108/PMK.05/2016 on Procedures for Subsidiary Loans for State-Owned Enterprises and Regional Governments. The PMK No. 108/PMK.05/2016 is the implementing regulation for the Government Regulation (PP) No. 10/2011 jo. PP No. 54/2008 , which is basically meant to provide grounds for alternative financing for State-Owned Enterprises (BUMN) and Regional Governments (Pemda) for the development of regions.

Update on Benoa Bay Reclamation

Yesterday, July 14, 2016, was the deadline for the Minister of Marine and Fisheries Susi Pudjiastuti to respond to the request for an extension of location permit for the Benoa Bay reclamation project. But Minister Susi seemed to have let the deadline pass. That said, the Ministry of Marine and Fisheries tried to convince the public that even though the Minister had passed the deadline for response, there’s no assurance that reclamation can carry on.

Dispute in the Management of the Kemayoran Complex (Part II)

The Kemayoran Complex Management Center (PPKK) manages a total area of ​​454 hectares, with assets value of approximately Rp24.371 trillion. Of the total assets managed, as of 2010, the Kemayoran complex only contributes Rp111,546 billion per year in income from leasing/contracting their plots to the private sector. This is not to mentioned the fact that some of the plots leased out are left undeveloped, as is evident in the case of dispute involving PT Oceania Development. But despite the problems, for some reason, the PPKK has decided to keep entrusting the management of the undeveloped plots to their partners.

Dispute in the Management of the Kemayoran Complex (Part I)

The Kemayoran Complex has a long history. It was previously an airport owned by the state-owned PT Angkasa Pura II. In 1985, after the airport was no longer in use, the Government decided to pass the ownership of the Kemayoran Complex to the State Secretariat (Setneg). The asset take over marked the creation of what is now known as the New City of Kemayoran (Kota Baru Bandar Kemayoran), a complex managed by a working unit under Setneg known as the Kemayoran Complex Management Center (Pusat Pengelolaan Kawasan Kemayoran or PPKK, which is the same kind of institution as the Gelora Bung Karno Management Center that is managing the Senayan Complex wherein one finds iconic properties such as Plaza Senayan, Ratu Plaza, and the Gelora Bung Karno Stadium). The PPKK had since leased the usage of the lots in the Kemayoran Complex to the private sector. Some of these lots have been developed, but others have remained undeveloped. Here’s a case of a dispute that gives us some idea into what’s happening to the undeveloped parts of the Kemayoran Complex.

New Government Regulations on Land Deed Officials and Immigration

At the end of June 2016, President Joko “Jokowi” Widodo signed two new Government Regulations (PPs). The first was PP No. 24/2016 on Land Deed Officers (PPAT) and the second was PP No. 26/2016 on Immigration. Both PPs are revisions of their preceding PP.

Designated Banks for the Tax Amnesty Program

The Minister of Finance is said to have appointed the banks that will be the designated handler of repatriated funds coming from the Tax Amnesty program. Media outlet previously reported that the Government will appoint 10 designated banks, but so far, only 9 banks have been mentioned in talks about said issue. The regulation required to appoint the designated banks has not been released. The Minister of Finance Bambang Brodjonegoro is also still reluctant to confirm the rumors about which banks will be the designated banks, but let’s talk about it anyway.

The Benoa Bay Reclamation and Overlapping Regulations

News has emerged that the holder of the permit for the reclamation of Benoa Bay, PT Tirta Wahana Bali Internasional (TWBI) owned by tycoon Tomy Winata, has applied for license renewal to the Minister of Marine and Fisheries Susi Pudjiastuti.. There’s always been a strong opposition towards the reclamation plan coming from various elements of the Balinese civil society, but the licensing issue involved is anything but straightforward, which would explain why the Government has appeared slow to respond to the development.

Sanusi & Money Laundering

The investigation into the bribery involving the former member of the Jakarta Regional Representatives Council (DPRD Jakarta) Mohamad Sanusi and the President Director of PT Agung Podomoro Land Tbk (APLN) Ariesman Widjaja has led to a new case. The Corruption Eradication Commission (KPK) named Sanusi as a suspect in a money laundering investigation on June 30, 2016. Some of Sanusi’s assets have been seized, but until today the KPK continues to develop their case.

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