Victoria Securities v. Adistra Utama
The Attorney General Office (AGO) have escalated the investigation into the transfer of right to collect receivables (cessie) between Indonesian Bank Restructuring Agency (BPPN) and PT Victoria Securities to inquisition. Graft was allegedly committed during the auction of debt securities (surat utang) owned by PT Adistra Utama.
The Case of Pluit City
On April 21, 2015, the Jakarta Administrative Court continued hearing the lawsuit filed by the Jakarta Monitoring Network (JMN) against the Jakarta Governor regarding the Governor Decree (SK) No. 2238/2014 on the Permission for the Reclamation of Island G on the Northern Coast of Jakarta.
Consumer Protection in the Age of Electronic Banking
A lot of the complaints banks receive from its customers are related to problems of funding, standards of services, and facilities for customers. But the recent revelation of account burglary cases via internet banking transactions sparked discussions about consumer protection from cyber crime.
Account Burglary at Major Banks
The National Police Criminal Investigation Unit (Bareskrim Polri) revealed to the public three cases of burglary that happened to bank account holders at BCA, Mandiri, and BNI. The Bareskrim Polri explained that the burglary happened by way of a computer virus that functions as a spyware. The virus was embedded in customers’ computer to bring up the false instruction of “token synchronization” displayed when targeted customers opened their respective bank’s internet banking page.
Roadmap for E-Commerce in the Pipeline
Indonesia enacted Law No. 7/2014 on Trade (UU Perdagangan) after hanging the fate of national trading activity for far too long on the Bedrijfsreglementerings Ordonnantie 1934, the product of Dutch Colonial law. The new UU Perdagangan contains provisions on e-commerce, promising legal certainty for businesses. So the UU Perdagangan became the second legal basis regulating the business of e-Commerce after the Law No. 11/2008 on Information and Electronic Transactions (UU ITE).
Tackling the Problems Related to Migrant Workers
The Saudi government have executed another Indonesian migrant worker (TKI). Karni Bint Medi Tarsim, a TKI from Brebes, Central Java, was executed in Yanbu prison, Thursday, April 16, 2015. Karni was executed for allegedly killing her employer’s 4 year-old son in 2013.
The Mavrodi Scheme
The Ministry of Communication and Informatics decided block 20 websites affiliated with the Mavrodi Mondial Moneybox (MMM) at the request of the Financial Services Authority (OJK). The 20 sites are:
The Case of PT Semen Indonesia’s Rembang Plant Continues
The Gadjah Mada University (UGM) established an independent review team to respond to public protests on the testimony of its two lecturers Dr. Heru Hendrayana and Dr. Eko Haryono. Both men were representatives of the university as an expert witness at the request of the defendant, PT Semen Indonesia.
SPE vs Soeryadjaya on Lemang Block
Super Power Enterprises Group Ltd (SPE) has commenced arbitration proceedings against PT Hexindo Gemilang Jaya, a company controlled by SGX-listed Ramba Energy Ltd, pursuant to the arbitration rules of the Singapore International Arbitration Centre (SIAC). What’s up?
Land Tax Reform
President Joko Widodo (Jokowi) chaired a meeting on the reformulation of the Selling Value of Tax Object (NJOP) and Land and Building Tax (PBB) on April 1, 2015. The Minister of Agrarian Affairs and Spatial Planning, who is also the Head of the National Land Agency, Ferry Mursyidan Baldan, said that he saw the opportunity to simplify NJOP and PBB. The simplification would focus on property rights and the rights to use. Minister of Finance Bambang Brodjonegoro, and Minister of Internal Affairs Tjahjo Kumolo also attended the meeting.