After having to redo the verification process as a result of mismatching bills, the bills verification process of PT Bumi Resources Tbk (BUMI) has been finally completed. The bills of bonds at issue has been verified by the team of administrators and declared entitled to participate in the creditors voting.

On June 20, 2016, the Ministry of Home Affairs has officially uploaded the list of 3,143 burdensome bylaws that have reportedly been canceled by the Government. But the list contains three categories: bylaws that must be immediately canceled, bylaws that must be revised to conform to superior regulations, and regulations or decree of the Minister of Home Affairs that must be canceled or revised.

On June 15, 2016, the panel of judges of the Corruption Court at the Central Jakarta District Court read the verdict on the case of the 4 ex-leaders of the North Sumatera Representative Council (DPRD) who were arrested for accepting bribes from the disgraced Governor of North Sumatera Gatot Pujo Nugroho. Investigation into this graft case, however, will continue. The next day, the Corruption Eradication Commission (KPK) named 7 suspects in the same case.

The process of Suspension of Debts Payment (PKPU) currently undertaken by PT Brent Ventura continues. The Company will reportedly offer the option of selling its assets and collection of accounts receivable in the peace proposal. But there has not been any definite offer. The Company is required to immediately send their peace proposal before the scheduled discussion with creditors takes place on July 18, 2016.

Panghegar Group’s efforts to rescue its two subsidiaries PT Panghegar Kana Properti and PT Hotel Panghegar is over. At the hearing held on June 15, 2016, both companies were eventually declared bankrupt by the Panel of Judges of the Commercial Court of the Central Jakarta District Court. The legal counsel of both companies Syaiful Huda Lazuardhi told the press that he would propose a wide range of legal actions for he believed the PKPU process was conducted unfairly.

The team of curators on the insolvency of PT Metro Batavia have just announced another plan to distribute the results of the auction of assets in the amount of Rp37,06 billion. In this fourth stage of auction results distribution, the team of curators will distribute to the tax office and Batavia Air’s former employees as the preferred creditors; and to PT Bank Muamalat Indonesia Tbk (BBMI) as the separatist creditor.

In a speech delivered at the opening of the 2016 National Conference of Indonesian Chancellors Forum held in late January, President Joko “Jokowi” Widodo told the attendees that there were 42,633 overlapping legislations, of which 3,000 are bylaws considered burdensome for business. The President then said that he had instructed the Minister of Home Affairs to cancel said bylaws. At the beginning of this week, or 4 months later, the Government reportedly canceled 3,143 bylaws. What legal basis did the Government use for this move? What kind of bylaws did they consider burdensome? What are the implications?

The process of Suspension of Debts Payment (PKPU) for PT Trikomsel Oke Tbk (TRIO) is still ongoing. At the hearing held on June 16, 2016, the Panel of Judges of the Commercial Court of the Central Jakarta District Court decided to grant the third application for an extension of time. TRIO was granted 45 more days to revise its peace proposal.

At the end of May 2016 news, a map published by the Singaporean property developer Funtasy Island Development (FID) Pte Ltd—the developer of Pulau Manis in Batam—made news. In said map, Pulau Manis, marketed under the name Funtasy Island, was colored turquoise, the same as the rest of Singapore, whereas Malaysia and Indonesia territory were colored white. As a result of these difference in coloring, Pulau Manis appeared as if it’s a part of Singaporean territory. The Indonesian Government reacted to the revelation and questioned FID.