Tax Amnesty Gateways

A month has gone by since the House of Representatives (DPR) agreed to pass the Bill on Tax Amnesty into Law No. 6/2016. The Government had since enacted three derivative regulations governing the implementation of the Law, but not enough has been done to improve on the Government’s chances of achieving their target of 165 trillion rupiah in revenue from tax redemption fee.

On Saripari’s Insolvency

The insolvency proceedings of PT Saripari Pertiwi Abadi (SPA) is nearing the finish line. The team of curators responsible for the bankruptcy process has reportedly finished the verification of the bills registered by the company’s former employees. And so the curators are supposedly ready to conduct liquidation and execute the Company’s assets. But the Company is still trying to escape bankruptcy by filing for a Reconsideration (PK).

Antariksa Logistics v. Nurdian Cuaca

On July 27, 2016 the Singapore High Court published the judgement on the case of extended doctrine of res judicata between Antariksa Logistics Pte Ltd against Nurdian Cuaca. The case was first tried in the Singapore High Court in 2009, and it led to several other criminal cases in Indonesia. The case was filed once again in June 2015 to be re-examined.

Update on the Riau Forest Conversion Case

Two years have passed since the investigators at the Corruption Eradication Commission (KPK) began the inquisition on the rigged process of converting forest area involving the disgraced Governor of Riau Annas Maamun. Two of the main suspects have been convicted. But apparently the inquisition continues as the KPK had decided to detaine one of the bribe givers. Why has it taken so long to reach this point?

Updates on the Trial against MA Official Andri Tristianto Sutrisna

The trial of the former Head of the Specific Civil Appeals and Reconsideration Sub-Directorate in the Supreme Court (MA) Andri Tristianto Sutrisna continues. On the hearing held on August 4, 2016, the Public Prosecutor of the Corruption Eradication Commission (KPK) presented their evidence.

Intermedia Capital/ANTV: Tax Liabilities Grows Further

PT Intermedia Capital (MDIA) Tbk, parent of PT Cakrawala Andalas Televisi, operator of terrestrial TV station ANTV, booked net profit of Rp223.9 billion in the first half ended June 30, 2016, jumped 60% from the corresponding period of 2015, thanks to stronger sales revenue growth of 14.6% in the period.

The Bill to Amend the Law No. 14/2001 on Patent

After being listed in the 2015-2019 National Legislative Program and discussed intensively for more than a year, on July 28, 2016, the House of Representatives (DPR) finally passed the Bill to Amend the Law No. 14/2001 on Patent. The Bill. which was proposed by the Ministry of Law and Human Rights, is broadly aimed at providing legal protection for inventions and thus support the investment climate.

Developments in the Corruption Case Involving PANN Pembiayaan Maritime

The Attorney General’s Office (AGO) continues to examine the corruption case involving PT Pengembangan Armada Niaga Nasional (PANN) Pembiayaan Maritime (formerly known as PT PANN Maritime Finance). Last week, the AGO escalated the status of the case to inquisition stage, but a suspect has not been named.

Peace for Geo Cepu (Part II)

The Panel of Judges of the Commercial Court of the Central Jakarta District Court has decided to endorse the peace agreement between PT Geo Cepu Indonesia (Geo Cepu, which is the partner of PT Pertamina EP) and its creditors. And so Geo Cepu manages to escape the period of Suspension of Debts Payment (PKPU) in just three months. One creditor, however, rejected the peace proposal and planned to file for an appeal.

Pertamina EP v. IKPT Adhi Karya

PT Pertamina EP (PEP), a subsidiary of PT Pertamina (Persero), and PT Bank Mandiri (Persero) Tbk filed for a lawsuit at the Central Jakarta District Court to cancel the decision of the Indonesian National Arbitration Board (BANI). The BANI decision that’s the subject of this dispute is the decision that punished the two plaintiffs with the order to compensate their partners in the amount of US$19.3 million and the order to restore performance bond worth US$12.7 million. The two plaintiffs has since argued that the BANI decision does not have binding legal force because the partners are the ones who are in default.

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