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  • 20130725miscellaneous Litigation Update For Apac Coal Limited

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    APAC Coal Limited's subsidiary, PT Batubara Selaras Sapta ("PT BSS"), has been involved in ongoing legal proceedings in Indonesian courts regarding ownership of PT BSS shares. According to a recent update, a civil court ruled that APAC's petition was unacceptable as it did not include all relevant parties as defendants or co-defendants. Additionally, another civil court ruling determined the rightful owners of PT BSS. APAC will consider filing a fresh civil suit that includes all necessary defendants and co-defendants, and will provide negotiations with Indonesian authorities over the next 6 months.

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    20130725miscellaneous Litigation Update for Apac Coal Limited

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    APAC Coal Limited's subsidiary, PT Batubara Selaras Sapta ("PT BSS"), has been involved in ongoing legal proceedings in Indonesian courts regarding ownership of PT BSS shares. According to a recent update, a civil court ruled that APAC's petition was unacceptable as it did not include all relevant parties as defendants or co-defendants. Additionally, another civil court ruling determined the rightful owners of PT BSS. APAC will consider filing a fresh civil suit that includes all necessary defendants and co-defendants, and will provide negotiations with Indonesian authorities over the next 6 months.

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    70 views1 page

    20130725miscellaneous Litigation Update For Apac Coal Limited

    Uploaded by

    Titin Kustini
    APAC Coal Limited's subsidiary, PT Batubara Selaras Sapta ("PT BSS"), has been involved in ongoing legal proceedings in Indonesian courts regarding ownership of PT BSS shares. According to a recent update, a civil court ruled that APAC's petition was unacceptable as it did not include all relevant parties as defendants or co-defendants. Additionally, another civil court ruling determined the rightful owners of PT BSS. APAC will consider filing a fresh civil suit that includes all necessary defendants and co-defendants, and will provide negotiations with Indonesian authorities over the next 6 months.

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    of 1

    MAGNUS ENERGY GROUP LTD.

    (Incorporated in Singapore)
    (Registration No. 198301375M)

    LITIGATION UPDATE FOR APAC COAL LIMITED


    We refer to our update announcement dated 21 October 2011 on the legal proceedings in Indonesia
    concerning our subsidiary, APAC Coal Limited (APAC).
    We wish to announce that APAC has included an update on the aforementioned litigation in its
    quarterly announcement dated 25 July 2013. The update has been extracted and reproduced below:
    APAC had been advised by our former Indonesian litigation lawyer that the formal outcome of the
    Judicial Review had been received from The Indonesian Supreme Court. The Judicial Review
    verdict mentioned that the Administrative Court does not have any competency to examine the title
    of ownership of the shares of PT Batubara Selaras Sapta ("PT BSS") and that only the District Civil
    Court has such a competence.
    PT Deefu Chemical Indonesia (PTDCI), the immediate shareholder of PT BSS has received the
    judgement of the South Jakarta civil suit (registration number 223/Pdt.G/2012/PN.Jkt.Sel*). The
    judgement mainly said that our petition was unacceptable due to "lack of the parties", this means
    that the plaintiffs have to include all relevant parties either as defendants or co-defendants. The
    existing claim of PTDCI brought against 4 parties as defendants i.e. (Hafrizal, Revli Orelius
    Mandagie, The Chen Siang and Muchlis Karnanin) and 2 co-defendants, the Ministry of Law and
    Human Rights (MOLHR) and the Ministry of Energy and Mineral Resources (MEMR) are not
    sufficient.
    In another recent civil court judgement concerning PT BSS in Central Jakarta, this Central Jakarta
    court had said that the rightful owners of PT BSS are Aan Rustiawan, Revli Orelius Mandagie, Japto
    S. Soemarso and Herman Afif Sudiro. In addition, since the purchase of shares in PT BSS by
    PTDCI involving previous parties i.e. Roosnawati/Heru Setiabudi and also the shares have been
    transferred as well to Iyul Sulinah/Lisa Megawati (the parties named under the First MOLHR
    Measure), at least they should also be included as co-defendants.
    APAC has been advised by our lawyer, Purnomo Sumitro, S.H. and our Indonesian counsel, who
    served the Letter of Intent on the Indonesian authorities under the Business Investment Treaty and
    Protection, that PTDCI will consider to file a fresh civil suit with the inclusion of ALL defendants and
    co-defendants pending the resolution of Investment Dispute Through Consultations and
    Negotiations with the Indonesian authorities within the next 6 months.
    *561/Pdt.G/2011/PN.Jkt.Sel has been replaced by 223/Pdt.G/2012/PN.Jkt.Sel due to a change of lawyer
    following the appointment of Amir Syamsuddin as the Indonesian Law Minister. The change was necessary due
    to the conflict of interests as the co-defendants are MOLHR and MEMR.

    The Board will continue to keep our shareholders updated on any material developments in
    connection to this legal case.
    By Order of the Board
    MAGNUS ENERGY GROUP LTD.
    Luke Ho Khee Yong
    Company Secretary
    25 July 2013

    This announcement was prepared by the Company and its contents have been reviewed by the Companys Continuing
    Sponsor, Stamford Corporate Services Pte Ltd (Sponsor), for compliance with the relevant rules of the Singapore
    Exchange Securities Trading Limited (the SGX-ST). The Sponsor has not independently verified the contents of this
    announcement.
    This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the
    contents of this announcement, including the correctness of any of the statements or opinions made or reports contained
    in this announcement.
    The contact person for the Sponsor is Mr Bernard Lui whose details are set out below:
    Tel: 6389 3000 Email: [email protected]

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