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Posts Tagged ‘business dispute’

Three Types of the Criminal Action of Money Laundering You Should Know

three-types-of-the-criminal-action-of-money-laundering-you-should-know

In Law Number 8 of 2010 on Countermeasure and Eradication of Money Laundering (Law on Money Laundering), the criminal actions of money laundering are classified into three provisions: The Criminal Action of Money Laundering regulated in Article 3: Anyone who places, transfers, forwards, spends, pays, grants, deposits, takes to the abroad, changes the form, changes…

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Two Conditions to Be Met in Setting Aside an Agreement Through Arbitration

two-conditions-to-be-met-in-setting-aside-an-agreement-through-arbitration

It is common to find arbitration clauses in construction, real estate, transportation, or other commercial agreements which mandate the concerned parties to use arbitration as a method of dispute resolution. This brings consequences if any party wishes to set aside the agreement, it cannot be submitted to the court, but rather to the arbitration. This…

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Flashback of 5 Biggest Cartel Cases In Indonesia

Shocking news came from the Business Competition Supervisory Commission (KPPU). It stated that Yamaha Indonesia Motor Manufacturing (YIMM) and Astra Honda Motor (AHM) found guilty of price fixing. Both companies were convicted of cartel practices in accordance with case 04 / KPPU-I / 2016 about the alleged of cartel on February 22, 2017. YIMM and…

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PERSONAL SECURITY IS ONE CHOICE OF COLLATERAL THAT YOU CAN USE

In any loan agreement, debtors (debt parties) will be charged with an obligation to provide collateral of repayment of debts owed to be submitted to the creditors. There are two kinds of collaterals; those are material and individual collaterals. When the debtor does not have the goods or valuable assets that can be charged as…

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