Tag: Asmin Koalindo Tuhup

Asmin Koalindo Tuhup v. Government of Indonesia : Appeal Verdict

Towards the end of 2017, PT Asmin Koalindo Tuhup (AKT), a subsidiary of PT Borneo Lumbung Energi & Metal Tbk (BORN) belonging to Samin Tan, filed a lawsuit against the Minister of Energy and Mineral Resources over the Ministry’s decision to terminate the coal mining concession agreement (PKP2B) between the two parties. In April 2018, the Jakarta State Administrative Court (PTUN Jakarta) ruled in favor of AKT and cancelled the disputed decision. The Ministry filed an appeal and earlier this month, the Panel of Appeals ruled in favor of the Ministry. The copy of the verdict was published on August 23, 2018.

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Asmin Koalindo Tuhup v. Government of Indonesia: Next Chapter

The Government of Indonesia terminated its coal mining concession agreement (PKP2B) with PT Asmin Koalindo Tuhup (AKT), a subsidiary of PT Borneo Lumbung Energi & Metal Tbk (BORN) belonging to Samin Tan last year and AKT questioned the decision to the Jakarta State Administrative Court (PTUN Jakarta). On April 5, 2018, after several months of trial, the PTUN ruled in favor of AKT.

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Asmin Koalindo Tuhup v. Government of Indonesia (II)

The Government of Indonesia terminated its coal mining concession agreement (PKP2B) with PT Asmin Koalindo Tuhup (AKT), a subsidiary of PT Borneo Lumbung Energi & Metal Tbk (BORN) belonging to Samin Tan last year. Concerns emerged after the decision was published, one of which was the sustainability of BORN. Perhaps that’s why AKT decided to file a lawsuit against the Government. On January 23, 2018, news spread that AKT won the lawsuit but that turned out to be false rumor.

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