Introduction

On November 2017, the Chief Judge at the South Jakarta District Court, Justice Achmad Guntur, along with two other members of the judging panel, Justice Irwan and Justice R. Iswahyu Widodo, rendered decision No. 618/Pdt.G/2016/PN Jkt.Sel (“Decision 618/2016”), which ordered global investment bank Goldman Sachs to pay IDR 320,875,000,000 to Mr. Benny Tjokrosaputro, an Indonesian entrepreneur. In short, the judges found that Goldman Sachs had undertaken an illegal transaction when purchasing the plaintiff’s shares in PT Hanson International Tbk (“Company”) from a party who did not have the authority to sell said shares.[1]