Pandara Prima - The investment world in Bali is really being tested right now! Recently, the internet and business world have been abuzz with news of the sealing of development activities in the Kura Kura Bali Special Economic Zone (KEK) in Serangan, Denpasar. Wow, how did the Bali DPRD's Special Committee for TRAP (Trapping) seal it? It's said to be due to alleged document deficiencies, including the mangrove land swap.
But on the other hand, the developer is furious because they feel this step is completely procedurally flawed! Let's dissect this heated case thoroughly so you're not out of touch and can better understand the legal process of investing in Indonesia, especially on the Island of the Gods!Scrolldown below, check it out!
- Chronology of the Sealing of the Bali Kura Kura Special Economic Zone, Which Caused a Stir on the Internet
- BTID Speaks Out: "Hey, This Is Clearly Procedural Malpractice!"
- Latent Danger: Scaring Investors Away from Investing in Bali?
- Want to streamline your business and investments without legal hurdles? Meet Pandara Prima!
For those of you who may have missed the news, the Bali Regional People's Representative Council (DPRD) Special Committee for Spatial Planning and Regional Assets (TRAP) suddenly decided yesterday to temporarily halt PT Bali Turtle Island Development's (BTID) marina project in the Kura Kura Special Economic Zone (SEZ). The main reason? They found alleged document discrepancies.bestie, especially regarding the rollover process (land swap) mangrove land.
So, during this temporary closure, project activities are being closely monitored by the Public Order Agency (Satpol PP). If anyone persists in operating, be prepared to face strict sanctions. But is this legally sound?Wait, that's why BTID immediately took action and didn't just accept it!
Not remaining silent, Anak Agung Ngurah Buana, a member of the BTID Legal and Licensing Team, immediately checkmated the TRAP Special Committee's actions. According to him, the sealing action was...procedural malpracticeaka not going through the proper route!"The Bali DPRD's TRAP Special Committee should report to the Bali DPRD Chairman through an official Plenary Session, then the DPRD Chairman should report to the Governor of Bali,"Agung said firmly and bluntly.
He also added that the Regional People's Representative Council (DPRD) is only authorized to issue recommendations, while the actual execution rests squarely with the executive branch, namely the Bali Provincial Government. Furthermore, the BTID feels wronged because the sealing recommendation was made unilaterally.withoutcomplete confirmation and clarification to them.
In fact, the land swap they took was from a convertible production forest area and complied with applicable laws! Echoing Agung, BTID's Head of Legal Affairs, Yossy Sulistyorini, also deplored this unilateral move. While they greatly appreciate the public's attention and are committed to complying with the law, sealing the area without a clear legal basis is certainly confusing.can?
Well, this is the most crucial point that you have tonote fine, GuysThis sealing action, deemed unprocedural, is feared to backfire on Bali's investment climate.
Yossy, Head of Legal at BTID, strongly cautioned against legal uncertainty like this, which should scare major investors into thinking twice about investing in the Island of the Gods. Just imagine, if investors flee due to unclear regulations, who will ultimately suffer? The answer is the Balinese themselves! After all, sound investment can create jobs and boost the local economy.right?
1. Sealing Action
The Bali DPRD's TRAP Special Committee temporarily halted PT BTID's marina project in the Kura Kura Bali Special Economic Zone due to document issues and mangrove swaps.
2. Allegations of Procedural Malpractice
The BTID party considers the special committee's steps to be misguided because they did not go through a Plenary Session with the Governor and were carried out without in-depth confirmation/clarification.
3. Legal Basis for Licensing
BTID claims the land swap process complies with regulations (convertible production forest areas) and the Governor of Bali acts as the KEK Supervisory Board in accordance with PP No. 23 of 2023.
4. Investment Threats
Legal uncertainty risks discouraging investors, which could ultimately harm the Balinese economy at large.
When it comes to licensing, regulations, and business law, which can sometimes be a headache, as in the case above, you certainly can't afford to be careless when managing your business's legalities. Don't let your dream business stall or run into problems later on just because you weren't thorough with important documents!
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