Category: Newsflash

  • NewsflashJanuary 24, 2020

    Indonesian Constitutional Court Reviewed Fiduciary Security Law

    On January 6, 2020, the Indonesian Constitutional Court (Mahkamah Konstitusi) rendered its decision number 18/PUU-XVII/2019 (“Decision No. 18/2019”) in relation to the judicial review of Article 15 paragraphs (2) and (3) of Law Number 42 of 1999 dated September 30, 1999, on Fiduciary Security (the “Fiduciary Security Law”). Briefly, the petition for the review was Read more…

  • NewsflashJanuary 22, 2020

    Government Introduces Regulatory Framework on Rooftop Solar Panel for Captive Use

    On November 16, 2018, the Minister of Energy and Mineral Resources of the Republic of Indonesia (the “MEMR”) enacted MEMR Regulation No. 49 of 2018 on the Utilization of Rooftop Solar Power Generation System by the Customer of PT Perusahaan Listrik Negara (Persero) (“MEMR 49/2018”). MEMR 49/2018 was enacted as an attempt of the government Read more…

  • Newsflash

    Acceleration of Electric Vehicle Industry in Indonesia (Updated)

    On August 12, 2019, the Government of Indonesia enacted Presidential Regulation No. 55 of 2019 dated August 12, 2019 on the Acceleration of Battery Electric Vehicle Program for Road Transportation (“PR 55/2019”). PR 55/2019 was enacted as an attempt of the Indonesian Government to increase energy efficiency and energy conservation in the field of transportation, Read more…

  • NewsflashJanuary 13, 2020

    Regulations on FX from Export and Import Activities Renewed

    Foreign exchange (“FX”) is one source of funding that is relatively stable and sustainable. It supports the stability of Indonesian lawful currency, Rupiah, which is imperative for national economic development. The regulatory body of foreign exchange is Bank Indonesia (“BI”), which recently renewed the regulations on FX derived from exports and imports under BI Regulation Read more…

  • NewsflashJanuary 6, 2020

    Minister of State-Owned Enterprises Prohibits Souvenir Gifting

    The Minister of State-Owned Enterprises (the “Minister”) issued Minister Letter No. SE-8/MBU/12/2019 dated December 5, 2019 on Prohibition for Gifting of Souvenirs or the Likes (the “Circular Letter”). The Circular Letter is addressed to the Board of Directors, Board of Commissioners, and Board of Supervisors of State-owned Enterprises (“SOE”). The Circular Letter is intended to Read more…

  • NewsflashDecember 13, 2019

    New Tax Incentives Introduced for Investors in Certain Industries and/or Regions

    The Government enacted Government Regulation No. 78 of 2019 dated November 13, 2019 on Granting of Income Tax Incentives for Investments in Certain Industries and/or Regions (“GR 78”) which comes into effect as at today, December 13, 2019. GR 78 revokes Government Regulation No. 18 of 2015 dated May 6, 2015 concerning the same subject. Read more…

  • NewsflashDecember 4, 2019

    Improvements of Industrial Business Licensing Processes

    The Minister of Industry (the “MOI”) issued MOI Regulation No. 30 of 2019 dated October 18, 2019 on Amendments to Minister of Industry Regulation No. 15 of 2019 on the Issuance of Industrial Business Licenses and Expansion Licenses Under the Electronically Integrated Business-Licensing Services Framework (“Regulation 30/2019”). Regulation 30/2019 eases the business licensing process and Read more…

  • NewsflashNovember 28, 2019

    KPPU Launches New Regulation on Post-Closing Notifications on Mergers, Consolidations, and Acquisitions (Including Asset Transfers)

      Overview On October 2, 2019, the Business Competition Supervisory Commission (Komisi Pengawas Persaingan Usaha or “KPPU”) issued Regulation No. 3 of 2019 on Assessment of Mergers or Consolidations of Business Entities, or Acquisition of Shares of Companies which May Result in Monopolistic Practices and/or Unfair Business Competition (“Regulation 3/2019”). Regulation 3/2019 entered into force Read more…

  • NewsflashNovember 20, 2019

    Answers to Certain Questions Relating to Language of Agreements

    References Law No. 24 of 2009 dated July 9, 2009 on National Flag, Language, and Coat of Arms, and Anthem (“Law 24”); and Presidential Regulation No. 63 of 2019 dated September 30, 2019 on Use of Indonesian Language (“PR 63”). Facts Article 31(1) of Law 24 requires that any agreement signed by an Indonesian or Read more…

  • NewsflashNovember 11, 2019

    Reporting Requirements for Corporations in the Implementation of Know-Your-Beneficial-Owner Principle

    Following the enactment of Presidential Regulation No. 13 of 2018 dated March 5, 2018 on Implementation of Know-Your-Beneficial-Owner Principle by Corporations for the Prevention and Eradication of the Criminal Acts of Money Laundering and Terrorism Funding (“PR 13/2018”), the Minister of Law and Human Rights (the “Minister”) issued his Regulation No. 21 of 2019 on Read more…


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