FOREIGN CAPITAL INVESTMENT IN UPSTREAM OIL AND GAS: A CASE STUDY OF PASE WORKING AREA, ACEH PROVINCE, INDONESIA

This paper explores the management of the Pase Upstream Working Area of oil and gas (MIGAS) by Triangle Pase Inc as a Foreign Direct Investment, which is not according to the Revenue Sharing Agreement signed by the parties and regulations Indonesia. The main obstacle in the implementation of Foreign Direct Investment in the Upstream MIGAS sector in Pase Working Area is the failure to establish the APGE as a Joint Venture Company that operated as a subsidiary company required by the Investment Law and Regulation of the Minister of Trade 08/2017. It has a severe impact on the Aceh government's income from the cooperation management of the Upstream MIGAS sector in the Pase Working Area. The Arbitration Award that BANI has granted, which rejected The PDPA lawsuit, has reduced and even eliminated the privilege of the Aceh Government in managing the Upstream MIGAS sector in the Pase Working Area as stipulated by Law Number 11 of 2006 and Aceh's MIGAS Government Regulation. As a solution, the BPMA has ordered Triangle Pase Inc. to revise the legality of APGE to comply with the prevailing laws and regulations in Indonesia. Therefore, the BPMA, as the regulator, and The PDPA as the parties in the Upstream MIGAS management in the Pase Working Area and Commission III of the Aceh's House of Representative to immediately summon Triangle Pase Inc. to resolve the dispute between The PDPA and Triangle Pase Inc. The PDPA, as the losing party in the award granted by BANI, needs to take immediate legal steps to prevent the execution of the BANI's Arbitration AwardKeywords: BPMA; Pase Upstream Working Area; MIGAS; Aceh Province

Legal Consquences of A Contract Made by The Parties Thereout Arbiral Award

As a top-10 gold mining countries, Indonesia becomes the most attractive investors destination in mining sector. Those foreign investors shall be a Joint Venture Company with a domestic company. That joint venture company later must be making an agreement with Indonesia’s government in form contract of work. Conflict of interests are often happen within holding companies with joint venture company’s measure performing contract of work. In this case discussed in this writing, the holding companies are making an agreement of which the object of that agreement turns out being an object which is must be executed based on the case verdict between the joint venture company and the government of Indonesia. The losingparty may apply for agreement revocation or derdenverzet over the verdict.

Perlindungan Hukum Kerjasama PT. Sarana Jateng Ventura dengan Perusahaan Pasangan Usaha dalam Pemberian Modal Ventura

The purpose of this legal research is to describe the patterns of distribution of venture capital legal relationship that occurs between the Venture Capital Partnership Company and to describe the legal protection of the venture capital and joint-venture company in cooperation venture capital channeled by PT. Sarana Jateng Ventura. This research method using doctrinal approach, the author chose the shape of the normative approach in the form of an inventory of legislation and legal discovery in-concreto.The results of the study the researchers showed that the pattern of legal relationships that occur between PT. Sarana Jateng Ventura with her business partner Company, in light of the treaty clause has been constructed as a venture capital agreement as set out in Finance Minister Regulation No. 18 / PMK.010 / 2012 on the Venture Capital Company is a pattern of legal relationship with the Revenue-Sharing. Legal protection of the PT. Sarana Jateng Ventura and Partnership Company as a legal subject has received legal protection in terms of both private law and public law

Hidden impacts of the Samarco mining waste dam collapse to Brazilian marine fauna - an example from the staurozoans (Cnidaria)

The collapse of the Fundão tailings dam at Mariana (State of Minas Gerais, Brazil) started a huge human tragedy and likely the most serious environmental disaster in recent Brazilian history. The dam had contained waste from processing iron ore from mines owned by Samarco, a joint venture company of the Brazilian Vale S.A. and the Anglo-Australian BHP Billiton Ltd. Following ineffective attempts to contain the disaster, after 16 days the mud flood reached the sea, where its impact is expected to affect thousands of marine fauna and flora species. Here, we provide an example of one of these species, the cnidarian Kishinouyea corbini Larson 1980 (Staurozoa), emblematic because it is extremely rare, poorly studied, and its known distribution overlaps the threatened area on the Brazilian coast. Based on this case, we discuss the need for efforts to monitor and minimize the possible impacts of this socio-environmental crime, as well as to identify and punish all responsible players in this tragedy, including negligent licensing and supervisory state agencies, in order to prevent future similar tragedies.

Unintended Consequences: Satellite Policy and Indigenous Television

This article examines two instances of media policy involving satellite transmission and Indigenous television: the introduction of the Viewer Access Satellite Television (VAST) platform in 2010 and the introduction of AUSSAT in the mid-1980s. The government's failure to provide community and Indigenous broadcasters with an access regime at the time of AUSSAT resulted in Australia's first and only Indigenous commercial television licensee, Imparja. Over a quarter of a century later, Imparja now forms part of the joint-venture company that runs VAST, a key component of Australia's digital switchover planning. During the passage of the legislative amendments required to establish VAST, the issue of access resurfaced – this time in relation to Australia's national and community Indigenous television channels. The article recounts the events leading up to the 2010 Bill, and examines the intended and unintended consequences of satellite policy in relation to Indigenous media, including equalisation and transparency of government funding programs.