Due to Low Sales Product, Tupperware Files for Bankruptcy

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Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "Nakamura Incident of 1946", "Creativity in Assembling Television Brings Male Graduates from Elementary School to Jail", you may read also "Be Careful Using AI, You Will be in Trouble for Citing Non-existent Jurisprudence" and on this occasion we will discuss about 'Due to Low Sales Product, Tupperware Files for Bankruptcy'.

Tupperware Brands Corp filed for bankruptcy after the famous by colorful food box company experienced a decline in sales. The brand from the United States (US) filed for Chapter 11 bankruptcy protection on Tuesday (17/9/2024). Not only that, several subsidiaries included in Tupperware Brands Corp are also included in bankruptcy protection. Tupperware's business journey had been stumbling in the last few years before the pandemic. However, the company recovered due to the Covid-19 pandemic, when some people decided to stay at home and this increased demand for airtight plastic containers.[1]

One of the reasons Tupperware went bankrupt was the surge in raw material costs, such as plastic receipts, labor costs, product delivery. This puts pressure on the profit margins of the food box manufacturers. Tupperware Brands Corp CEO Laurie Ann Goldman said Tupperware plans to file for bankruptcy protection after violating debt terms and seeking help from legal and financial advisors. "Over the last few years, the company's financial position has been greatly affected by the challenging macroeconomic environment," he said, quoted from an official statement, Wednesday (18/9/2024).[2]

Based on the bankruptcy filing in the US Bankruptcy Court for the District of Delaware, Tupparware listed assets worth US$ 500 million to US$ 1 billion and liabilities worth US$ 1 billion to US$ 10 billion. Tupperware has continued to try to turn around its business situation over the last four years, after reporting sales declines for six consecutive quarters, since the third quarter of 2021. This decline occurred due to high inflation, which continues to weaken low-income and middle-class consumers. In 2023, Tupperware completed an agreement with lenders to restructure debt obligations and signed investment bank Moelis & Co to assist in the exploration of strategic alternatives.[3]

Tupperware is also closing its only US factory in 2024, located in South Carolina. This closure resulted in the termination of employment (PHK) of 148 people. The Tupparware brand, which was founded in 1946 or is 78 years old, has become a brand in world households. However, the brand is now less popular among young consumers. This is one of the reasons for the decline in demand for these legendary food boxes.[4] And if you have any legal issue in Indonesia territory, contact us for business inquiry, feel free in 24 hour, we will be glad to assist you. 

*) For further information please contact:

Mahmud Kusuma Advocate

Law Office

Jakarta - Indonesia.

E-mail: mahmudkusuma22@gmail.com

________________

References:

1. "Setelah 78 Tahun, Produsen Kotak Makanan Tupperware Bangkrut", www.beritasatu.com., Alfi Dinilhaq, Rabu, 18 September 2024, Diakses pada tanggal 21 September 2024, Link: https://www.beritasatu.com/ekonomi/2842927/setelah-78-tahun-produsen-kotak-makanan-tupperware-bangkrut

2. Ibid.

3. Ibid.

4. Ibid.

Nakamura Incident of 1946

 

 

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By:

Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "How to Change the Name of Land whose Previous Owner Dies in Indonesia?", "Creativity in Assembling Television Brings Male Graduates from Elementary School to Jail", you may read also "I Have a Contract Whose Goods Have Not Been Delivered, How Do I Sue Under Indonesian Law?" and on this occasion we will discuss about 'Nakamura Incident of 1946'.

Decades ago there was a robbery of 960 kilograms of gold. However, the action was finally revealed to the public. The incident known as the Nakamura Affair occurred in 1946. It involved massive embezzlement at state pawnshops. At that time, historian Ben Anderson in Pemoeda Revolution (2018) said that the center of centralization of assets during the Japanese occupation was at the Pegadaian (red. Pawnshop) office on Kramat Street, Central Jakarta. Inside there were hundreds of kilos of gold, money and other valuables.[1]

In fact, Japan wanted to move all the goods from the local pawnshop to the Kramat street pawnshop. However, Japan finally left their homeland, leaving this treasure untouched. Supposedly, the property belonged to Indonesia in accordance with the laws of war. However, it turns out that Captain Hiroshi Nakamura thought of something else to steal it, said Vincent Houben in Histories of Scale. This reckless action was supported by his superior, Colonel Nomura Akura. Nakamura took a truck to Kramat Street to steal 960 kg of gold worth 10 to 80 million guilders. He divided the stolen profits to be stored at the house of his mistress Carla Wolff and the garden of a Chinese businessman. However, it was Carla's lifestyle that finally made Nakamura's actions discovered.[2]

Carla likes to show off and squander her wealth. He even said he was richer than the Queen of the Netherlands. "I am richer than the Queen of the Netherlands. I will sleep on a gold bed and the guests will eat from gold plates," said Carla. This is what made Dutch and British intelligence representatives suspicious. Intel was curious about the origin of his wealth and conducted an investigation. They knew the treasure was stolen. Instead of reporting, they took 20 kg of gold. However, the actions of Nakamura, Carla, Nomura Akira and two intelligence officers were discovered and detained by the Dutch government. Nakamura received the heaviest sentence while Carla was sentenced to 8 months in prison.[3] And if you have any legal issue in Indonesia territory, contact us for business inquiry, feel free in 24 hour, we will be glad to assist you. 

*) For further information please contact:

Mahmud Kusuma Advocate

Law Office

Jakarta - Indonesia.

E-mail: mahmudkusuma22@gmail.com

________________

References:

1. "Emas 960 Kg Dirampok di Indonesia, Akhirnya Ketahuan Gegara Istri", www.cnbcindonesia.com., Novina Putri Bestari, Diakses pada tanggal 17 September 2024, Link: https://www.cnbcindonesia.com/market/20240914120016-17-571860/emas-960-kg-dirampok-di-indonesia-akhirnya-ketahuan-gegara-istri

2. Ibid.

3. Ibid.

How to Change the Name of Land whose Previous Owner Dies in Indonesia?

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By:

Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "Pilot Cities Implementing Electronic Land Certificates in Indonesia", "What Are The Advantages of Electronic Land Certificates?", you may read also "How to Check Land Certificates Validity in Indonesia By Online" and on this occasion we will discuss about 'How to Change the Name of Land whose Previous Owner Dies in Indonesia?'.

Land is a property asset that has a fairly high value and will increase over time. Therefore, many people start buying land before building a residence so that it can become an investment tool in the future. You should discuss the process of buying land as soon as possible with the previous owner so that you can change the name of the land owner to your name so that you don't have problems in the future. However, what if you want to buy land for a house but haven't had time to change the name because the previous land owner has died? The following is how to change the name of a land certificate if the previous owner has died.[1]

Transfer of land rights in conditions like this can be submitted to ATR/BPN and registered in accordance with Article 42 of Government Regulation no. 24 of 1997 concerning Land Registration regarding the Transfer of Rights due to Inheritance by preparing complete files in the form of documents and application requirements.[2]

Documents required include a certificate of the rights concerned, a death certificate of the person whose name is recorded as the holder of the rights, and a letter of proof as an heir. If you are the only beneficiary of the inheritance, then registration of the transfer of rights is carried out based on a letter of proof of being the heir.[3]

However, if you are not the only recipient of the inheritance or more than one, then you need a certificate of heirship and a deed of distribution of inheritance. A Certificate of Inheritance (Proof of Heirship) and a Deed of Distribution of Inheritance to have legal force are made before an Authorized Official, and a Determination Application can also be submitted to the Religious Court or District Court (according to the religion of the Heir and Heir).[4]

There are times when land that has been traded is not immediately transferred to the name of the certificate and is only taken care of when the original owner has passed away. In such cases, the process of changing the name is carried out in stages. The first stage is transferring the name to the heirs. Next, the land certificate which has been reversed becomes the name of the heir, then the name is reversed again to be in the name of the buyer.[5] And if you have any legal issue in Indonesia territory, contact us for business inquiry, feel free in 24 hour, we will be glad to assist you. 

*) For further information please contact:

Mahmud Kusuma Advocate

Law Office

Jakarta - Indonesia.

E-mail: mahmudkusuma22@gmail.com

________________

References:

1. "Cara Balik Nama Tanah yang Pemilik Sebelumnya Meninggal Dunia", www.detik.com., tim detikcom - detikProperti, Senin, 02 Sep 2024, Diakses pada tanggal 10 September 2024, Link: https://www.detik.com/properti/kepemilikan-rumah/d-7519842/cara-balik-nama-tanah-yang-pemilik-sebelumnya-meninggal-dunia

2. Ibid.

3. Ibid.

4. Ibid.

5. Ibid.

Pilot Cities Implementing Electronic Land Certificates in Indonesia

  

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By:

Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "How to Register and/or Change a Conventional Land Certificate to an Electronic Land Certificate?", "What Are The Advantages of Electronic Land Certificates?", you may read also "How to Check Land Certificates Validity in Indonesia By Online" and on this occasion we will discuss about 'Pilot Cities Implementing Electronic Land Certificates in Indonesia'.

Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency (ATR/BPN) Hadi Tjahjanto, said that the latest developments regarding the electronic land certificate policy are ongoing. He explained that development of the program continues to be carried out, and as many as 13 districts/cities that have been declared 'complete' are a priority to fully implement electronic land certificates. This statement was delivered by Hadi at the Sheraton Grand Jakarta Gandaria City Hotel on Wednesday (10/1/2024).[1]

The following are a number of cities in Indonesia that have achieved the 'complete' title:[2]

1. Denpasar City, Bali.
2. Madiun City, East Java.
3. Bontang City, East Kalimantan.
4. Tegal City, Central Java.
5. Surakarta City, Central Java.
6. Yogyakarta City, Yogyakarta Special Region.
7. Central Jakarta Administrative City, DKI Jakarta.
8. Badung Regency, Bali.
9. North Jakarta Administrative City, DKI Jakarta.
10. West Jakarta Administrative City, DKI Jakarta.
11. Bogor City, West Java.
12. Metro City, Lampung.
13. Balikpapan City, East Kalimantan.

And if you have any legal issue in Indonesia territory, contact us for business inquiry, feel free in 24 hour, we will be glad to assist you. 

*) For further information please contact:

Mahmud Kusuma Advocate

Law Office

Jakarta - Indonesia.

E-mail: mahmudkusuma22@gmail.com

________________

References:

1. "Sertifikat Tanah Elektronik adalah: Definisi, Keunggulan dan Cara Buat", www.bfi.co.id., Admin BFI, 25 March 2024, Diakses pada tanggal 29 Agustus 2024, Link: https://www.bfi.co.id/id/blog/sertifikat-tanah-elektronik-adalah 

2. Ibid.