PHE Raja Tempirai v. Wihana Cipta Mega
PT Pertamina Hulu Energi (PHE) Raja Tempirai is facing a Suspension of Debt Payment (PKPU) lawsuit filed by one of its partners and creditors PT Wihana Cipta Mega (WCM). This is the second PKPU petition that WCM has filed against PHE Raja Tempirai in the past two years.
Updates on Sentul City’s Bribery Case: Swie Teng’s Reconsideration
The Supreme Court (MA) reduced the sentence of the President Director of Sentul City Kwee Cahyadi Kumala a.k.a. Swie Teng from 5 years in prison to 2 years and 6 months in prison after his plea for Reconsideration (PK) was accepted. Swie Teng was found guilty of involvement in the corrupt conversion of forest area implicating the former Regent of Bogor Rachmat Yasin.
Victory for Bukit Darmo?
The dispute between PT Bukit Darmo Property Tbk (BKDP) and the Arbiter Assembly of the Indonesian National Arbitration Board (BANI) has ended with victory for BKDP. On May 19, 2016, the panel of judges of the South Jakarta District Court partially granted BKDP’s petition and asked the Arbiter Assembly to compensate BKDP
Cal Dive v. Bumi Hasta Mukti and Pertamina
The dispute between PT Cal Dive Offshore Indonesia, a subsidiary of Cal Dive International Inc,. and PT Bumi Hasta Mukti (BHM) continues. After a year of fruitless effort at getting BHM to implement the decision of the Indonesian National Arbitration Board (BANI), Cal Dive Indonesia reportedly applied for a confiscation order at the South Jakarta District Court.
Peace for Petroselat
The debt dispute that lead to a bankruptcy lawsuit for Petroselat Ltd, the subsidiary of PT Sugih Energy Tbk (SUGI), was resolved peacefully. In the trial held on May 18, 2016, the panel of judges of the Commercial Court of the Central Jakarta District Court delivered the decision of the disputing parties to settle outside of the court, and thus the lawsuit against Petroselat was officially revoked.
Updates on the Arrest of MA Officials
The former Head of the Specific Civil Appeals and Reconsideration Sub-Directorate of the Supreme Court Andri Tristianto Sutrisna attended a hearing held on May 16, 2016, as a witness of the other bribe suspects. Andri revealed some shocking facts.
The Constitutional Court Forbids Public Prosecutors From Filing Reconsideration
On May 11, 2016 the Constitutional Court (MK) granted the judicial review on Art. 263 paragraph (1) of the Law No. 8/1981 on the Criminal Procedure. With this decision, the MK reinforces the legal restriction that had been long debated: prosecutors (JPU) are not allowed to file an extraordinary legal remedy in the form of Reconsideration (PK) on cases with legally binding decisions.
Shima Seiki v. Bank MNC and Bank SBI
It has been more than a year since PT Jaba Garmindo was officially declared bankrupt by the Commercial Court of the Central Jakarta District Court, but the problem related to the insolvency proceedings has not yet ended. Four months after Jaba Garmindo was declared bankrupt, two of its creditors filed a lawsuit against the team of curators and five other parties disputing the auction of assets.
Updates on PKPU for Bumi Resources
The process of Suspension of Debts Payment (PKPU) of PT Bumi Resources Tbk (BUMI) continues. The PKPU administrator team called for an initial meeting of creditors on May 9, 2016 in the Commercial Court of Central Jakarta District Court and estimated the amount of debt owed by BUMI.
PKPU for Dwi Aneka Jaya Kemasindo
The process of Suspension of Debts Payment on PT Dwi Aneka Jaya Kemasindo Tbk (DAJK) continues. In the meeting of creditors held on May 12, 2016, DAJK requested to restore the activity on one of its production lines while completing its liabilities to creditors. However, up to the last meeting, the PKPU administrator team claimed to have not received any submission of bills from creditors even though the period of registration of bill was set to end on May 20, 2016.