Indonesia: New regulation on Foreign Construction Representative Offices and Construction Foreign Investment Companies
August 2, 2019
On 13 June 2019, the Minister of Public Works and Public Housing issued Regulation No. 09/PRT/M/2019 on Guidelines on Licensing Services for Foreign Construction Business Entities …
Settlement of disharmony between laws and regulations through mediation
June 26, 2019
On February 12, 2019, the Minister of Laws and Human Rights (MOLHR) issued Regulation No. 2 of 2019 on The Settlement of Disharmony between Laws and Regulations through Mediation (MOLHR Reg 2/2019), which came into effect on February 14, 2019 …
Chinese M&A goes under the radar
April 17, 2019
There is a greater focus on smaller, more strategic deals that attract less scrutiny from government officials …
Bank Indonesia issues a new regulation on the reporting of foreign exchange flows
April 17, 2019
Bank Indonesia (BI) recently issued Regulation No. 21/2/PBI/2019 on the Reporting of Foreign Exchange Flow Activities …
Trends in mergers and acquisitions in Indonesia
April 17, 2019
The government has recently promulgated several regulations that are beneficial for M&A transactions …
Equity crowdfunding: (Another) fundraising alternative
March 27, 2019
A new rule helps start-ups raise capital without triggering compliance with public offering rules.
Combating private sector corruption in Indonesia: A challenge to address in 2019
February 8, 2019
With elections just around the corner, corruption involving government and public service agencies will likely be a top issue …
Bank Indonesia issues new e-money regulation
June 20, 2018
The use of e-money has increased along with a growing number of e-money providers in Indonesia …
New ultimate beneficial ownership disclosure requirements: An important step in combating financial crime in Indonesia
June 13, 2018
The requirement will strengthen and amplify the anti-corruption, anti-money laundering, anti-tax avoidance/evasion and anti-monopolism efforts.
Indonesia: fines for late merger notification
April 25, 2018
The Indonesian Competition Authority again fines companies for late merger notification, with more likely to follow …
Indonesia: Technical provisions for the implementation of anti-money laundering and prevention of terrorism financing programmes within capital market sector
December 27, 2017
Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan/ OJK) has issued Circular Letter No. 47/SEOJK.04/2017 …
Indonesia: New regulation on guidelines and procedures for the implementation of investment climate development activities
November 17, 2017
The head of the Indonesian Investment Coordinating Board issued Regulation No. 9 of 2017 on Guidelines and Procedures for the Implementation of Investment Climate Development Activities …
Links between environmental destruction and corruption risk in Southeast Asia
October 15, 2017
Corporate investigators need only work in corruption and fraud cases in Southeast Asia for a short while before noticing a correlation as clear as it is unsurprising …
INDONESIA: The risk of government force majeure under PPA
October 13, 2017
The electricity industry is known to be a complicated but important industry, where external factors that are beyond the control of the parties involved can cause problems to the progress and/or cost of the projects.
Projects & Energy Special Report: Indonesia – Power struggle
October 13, 2017
Recent years have been challenging for the power sector in Indonesia. Despite the government’s ambitious target to install 35,000MW of new capacity by 2019, the development of the electricity sector has not gone at the expected pace …
Consolidating Indonesia’s SOEs — risk or reward?
September 1, 2017
State-owned enterprises (SOEs) are key business players in Indonesia’s economy …
Indonesia: Amendment to government regulation on oil and gas cost recovery
September 1, 2017
On June 15, 2017, Indonesian Government issued Government Regulation No. 27 of 2017, amending Government Regulation No. 79 of 2010 on the Recoverable Operational Costs …
New Provisions to support the use of Renewable Energy for Electricity Generation
August 3, 2017
Despite the primary role that coal and gas continue to play in meeting Indonesia’s electricity needs, the Government of Indonesia (“GoI”) seems to be demonstrating a commitment to promote renewable energies …
Indonesia: New draft bill on the restriction of hard-cash transactions
July 16, 2017
The Indonesian government and the House of Representatives are currently in the process of drafting the Draft Bill on the Restriction of Hard-Cash Transactions …
Indonesia revisits online taxi issue
July 11, 2017
Indonesia’s previous attempt to regulate app-based online taxis, which came into force on October 1, 2016, clearly failed to resolve the tension with conventional taxi providers …
Indonesia: New Regulation Regarding Public Companies’ Shareholding Reporting Obligation
June 5, 2017
The Financial Services Authority has updated public companies’ obligation to report on their shareholding by way of OJK Regulation No. 11/POJK.04/2017 regarding Report on Public Company Ownership …
New regulation on wage structure and scale for businesses
May 23, 2017
A new regulation enacted by Indonesia’s Minister of Manpower requires employers to formulate, set and inform their employees of wage structure and scale….
S. Korean firm Yulchon establishes ‘Jakarta Desk’ following trends in investment
May 17, 2017
South Korea is currently the third biggest investor in Indonesia …
Visionary External Providers of the Year 2017
May 15, 2017
Introducing the winners of this year’s awards to recognise legal providers that go above and beyond in the service of their clients …
Key new provisions for power purchase agreements
April 18, 2017
On January 23, 2017, Indonesia’s Minister of Energy and Mineral Resources introduced a regulation that limits room for negotiation and risk allocation in power purchase agreements (PPAs)….
Recent changes to Indonesia’s coal and mineral resources regulations
March 14, 2017
On January 11, 2017, the Government of Indonesia enacted Government Regulation No. 1 of 2017 on Fourth Amendment of Government Regulation No. 23 of 2010 on Implementation of Mineral and Coal Mining Business Activity …
Personal data protection: Dawn of a new era
February 6, 2017
After for more than a year in the pipeline, Indonesia has issued rules that mark the start of a new era for personal data protection in the country. …
Indonesia’s new construction bill
February 3, 2017
In December 2016, Indonesia’s Parliament passed the Construction Services Bill to replace existing legislation on construction services, Law No. 18 of 1999 on Construction Services …
M&A Special Report
January 9, 2017
M&A Special Report In this month’s M&A issue we shine a light on two of the region’s biggest economies: China and India. First, we examine how China’s overseas acquisition frenzy is facing a backlash from regulators at home and abroad. Then we move to India and look at opportunities to invest in an e-commerce market that grew by a whopping 30 percent from 2011 to the end of 2015 and is expected to have doubled again during 2016. Phoenix Legal explores the legal landscape for investors.
Reformulation of coal prices for mine-mouth power plants
January 5, 2017
The Minister of Energy and Mineral Resources (MoEMR) has amended a number of key provisions that regulate the price for coal used in mine-mouth power plants. …
Energy & Projects Report
August 31, 2016
Middle East & Africa public-private partnership (PPP) guide – Neil Cuthbert and Atif Choudhary of Dentons analyse the emergence of PPP’s in the Middle East and how selected emerging markets in Africa have recently looked to introduce a PPP legal framework. Investing inIndonesia’s waste-to energy (WTE) sector – Building a WTE power plant requires a huge amount of investment, but, with limited government funding available, other financing sources are badly needed. Veronica Situmorang, Donke Kafi and David Harrison of DK & Situmorang Lawyers explain the options.
Energy & Projects Report
August 31, 2016
Middle East & Africa public-private partnership (PPP) guide – Neil Cuthbert and Atif Choudhary of Dentons analyse the emergence of PPP’s in the Middle East and how selected emerging markets in Africa have recently looked to introduce a PPP legal framework. Investing inIndonesia’s waste-to energy (WTE) sector – Building a WTE power plant requires a huge amount of investment, but, with limited government funding available, other financing sources are badly needed. Veronica Situmorang, Donke Kafi and David Harrison of DK & Situmorang Lawyers explain the options.