Risiko likuiditas Financial Risk Management Objectives and Policies

PT Tifa Finance Tbk Catatan atas Laporan Keuangan 31 Desember 2011 dan 2010 serta untuk Tahun-tahun yang Berakhir pada Tanggal tersebut PT Tifa Finance Tbk Notes to Financial Statements December 31, 2011 and 2010 and for the Years then Ended - 88 -

33. Perkara Hukum

33. Legal Matters

a. Pada tahun 2003, Perusahaan mendapat gugatan dari Ir. Cahyo Budi Sentoso Ir. Cahyo melalui Pengadilan Negeri Jakarta Selatan, berkaitan dengan alat berat milik Ir. Cahyo, yang melekat pada aset sewaan kapal atas fasilitas PT Pelayaran Hadijaya Putra Hadijaya yang ditarik pada tahun 1998 dimana gugatan Hadijaya ditolak terakhir berdasarkan putusan Pengadilan Tinggi DKI Jakarta tertanggal 15 Maret 2005 dan Perusahaan telah menerima putusan tersebut pada tanggal 15 Desember 2005. Berdasarkan putusan Pengadilan Negeri Jakarta Selatan pada tanggal 18 Maret 2004, seluruh gugatan yang diajukan oleh Ir. Cahyo ditolak dan kemudian ia mengajukan banding ke Pengadilan Tinggi DKI Jakarta, namun gugatan tersebut kembali ditolak berdasarkan putusan Pengadilan Tinggi DKI Jakarta tertanggal 7 November 2006. a. In 2003, the Company has been sued by Ir. Cahyo Budi Sentoso Ir. Cahyo through the District Court of South Jakarta, in relation to the heavy equipment which belongs to Ir. Cahyo and was leased by PT Pelayaran Hadijaya Putra Hadijaya, which was on the boat at the time the boat was repossessed in 1998 which the claim of Hadijaya was rejected, recently based on the decision of the High Court of DKI Jakarta dated March 15, 2005 and the Company had received the notification on December 15, 2005. Based on the decision of the District Court of South Jakarta dated March 18, 2004, all of the claims filed by Ir. Cahyo were rejected, thus, he filed an appeal to the High Court of DKI Jakarta. Based on the decision of the High Court of DKI Jakarta dated November 7, 2006, the claim of Ir. Cahyo was also rejected. Pada tanggal 22 Mei 2007, Ir. Cahyo mengajukan kasasi ke Mahkamah Agung Republik Indonesia, dan pada tanggal 15 Juni 2007 Perusahaan juga menanggapi kasasi tersebut kepada Mahkamah Agung Republik Indonesia. Pada tanggal 11 Desember 2010, Mahkamah Agung Republik Indonesia menolak kasasi yang diajukan oleh Ir. Cahyo dan keputusan tertulis atas penolakan kasasi tersebut diterima Perusahaan pada tanggal 14 Juni 2010. On May 22, 2007, Ir. Cahyo appealed to the Supreme Court of the Republic of Indonesia, and on June 15, 2007, the Company also filed its counter motion to appeal to the Supreme Court of Republic of Indonesia. On December 11, 2010, Indonesia’s Supreme Court rejected an appeal field by Ir. Cahyo and a written decision on the rejection of the appeal is received by the Company on June 14, 2010. b. Pada tanggal 10 September 2008, Perusahaan mendapat gugatan dari Rusman melalui Pengadilan Negeri Jakarta Selatan, berkaitan dengan penarikan aset sewaan berupa rumah. Berdasarkan putusan Pengadilan Negeri Jakarta Selatan pada tanggal 16 Juni 2009, menolak eksepsi yang diajukan Perusahaan. b. On September 10, 2008, the Company has been sued by Rusman through the District Court of Sourth Jakarta, in relation to the repossession of a leased asset a house. Based on the judgement of the District Court of South Jakarta dated June 16, 2009, a favorable decision was given to Rusman. Pada tanggal 28 Agustus 2009, Perusahaan mengajukan banding atas putusan Pengadilan Negeri Jakarta Selatan ke Pengadilan Tinggi DKI Jakarta dan pada tanggal 2 Oktober 2009 Rusman juga menanggapi banding Perusahaan. Sampai dengan tanggal laporan keuangan ini kasus tersebut masih dalam proses. On August 28, 2009, the Company submitted a Memorandum of the Appeal to the High Court of Jakarta and on October 2, 2009, Rusman also filed his counter motion on the Company’s appeal. As of the date of completion of these financial statements, the legal case proceeding is still on going.