Category: Newsflash

  • NewsflashApril 8, 2013

    MOLHR Regulation Revises Curator/Administrator Fees in Bankruptcy

    The Minister of Law and Human Rights (MOLHR) issued Regulation No. 1 of 2013 on Guidelines for Determination of Fees for Curators and Administrators (Regulation) to stipulate new fees for Curators and Administrators under Law No. 37 of 2004 on Bankruptcy and Postponement of Debt Repayment (Bankruptcy Law), revoking the fees listed in MOLHR Decree No. M.09 Read more…

  • NewsflashMarch 20, 2013

    New Bank Indonesia Regulation on Multiple Licensing Policy

    Bank Indonesia (“BI”) has issued Regulation No. 14/26/PBI/2012 of 2012 dated December 27, 2012 on Business Activities and Office Networks Based on Bank Core Capital (“BI Reg. 14/26/2012” or “Regulation”). The Regulation contains several of the six policies announced by BI during a Bankers’ Dinner held in late November 2012. 1 BI Reg. 14/26/2012 regulates Read more…

  • NewsflashMarch 11, 2013

    Bank Indonesia Issues Regulation on Fund Transfers

    Bank Indonesia Regulation No. 14/23/PBI/2012 dated December 26, 2012 (“PBI”) on Fund Transfers  has been issued to implement Law No. 3 of 2011 on Conduct of Fund Transfers (“Law No. 3/2011”).  This PBI repeals and replaces PBI No. 8/28/PBI/2006 on Money Transfer Business Activities. The PBI regulates the requirements of financial institutions and other entities Read more…

  • NewsflashMarch 1, 2013

    Ministry of Finance Regulation on Tax Objections

    The right of a taxpayer to object to a tax assessment is regulated under Articles 25, 26, 26A, 27 and 27A of the, Law on Taxation, General Provisions and Procedures (Law No. 6 of 1983, as amended). To implement these provisions, the Ministry of Finance issued Regulation No. 9/PMK.03/2013 on Procedure for Submitting and Resolving Objections, which revoked Read more…

  • NewsflashFebruary 14, 2013

    Oil and Gas: Indonesia Ratifies ASEAN Petroleum Security Agreement 2009

    In January 2013, Indonesia ratified the 2009 ASEAN Petroleum Security Agreement (“APSA 2009”) through Presidential Regulation No. 7 of 2013. APSA 2009 is the successor agreement to the 1986 ASEAN Petroleumn  Security Agreement, which was enacted to provide collective assistance among member states in cases of critical petroleum shortage. APSA 2009 will not enter into force until Read more…

  • Newsflash

    Government Stipulates Details for Spatial Planning Maps

    Government Regulation No. 8 of 2013 on Details for Spatial Planning Maps dated January 2, 2013 (“GR 8/2013”) was issued to replace Government Regulation No. 10 of 2000, which stipulates procedures for spatial planning, as required by Law No. 26 of 2007 on Spatial Planning. Spatial planning is one of the processes through which local, Read more…

  • NewsflashDecember 31, 2012

    Indonesia Limits the Jurisdiction of the ICSID

    On September 22, 2012, the President of Indonesia issued Decree No. 31 of 2012 (“Presidential Decree No. 31/2012”), which determined to exclude disputes arising from state administrative decisions issued by Regencies (Kabupaten) from the types of disputes that may be settled by ICSID. ICSID received the Government’s notification on September 27, 2012. Indonesia became a Read more…

  • NewsflashDecember 14, 2012

    Constitutional Court Disbanded BP MIGAS

    On November 13, 2012, the Constitutional Court issued a judgment partially-granting a judicial review on Law No. 22 of 2001 concerning Oil and Natural Gas (the “Oil & Gas Law”) filed by 30 individuals and 12 community organizations, which judgment disbands BP Migas (the Implementing Body of Upstream Oil and Gas Activities). Under the Oil & Gas Law Read more…

  • NewsflashNovember 27, 2012

    Minimum wage for DKI Jakarta Province increases for 2013

    The Governor of DKI Jakarta has determined a new Provincial Minimum Wage (“UMP”) that applies to every company in DKI Jakarta. The UMP for DKI Jakarta is stipulated under Governor of DKI Jakarta Regulation No. 189 of 2012 regarding Provincial Minimum Wage for 2013, dated November 20, 2012 (“Regulation”). Based on the Regulation, the UMP Read more…

  • NewsflashNovember 16, 2012

    BP Migas Role Transferred to Ministry of Energy and Mineral Resources

    Following the controversial decision of the Constitutional Court on the disbandment of  BP Migas (the Implementing Body of the Upstream Oil and Natural Gas Activities),  the President has transferred all authorities and tasks of BP Migas to the Ministry of Energy and Mineral Resources (the “MEMR”). The President issued Presidential Regulation No. 95 of 2012 dated Read more…


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