News andUpdates


News and Updates

Microfinance Law Finally Enacted

Law No. 1 of 2013, dated January 8, 2013, on Microfinance Institutions (“Microfinance Law”) has been enacted after more than two years of deliberation in the House of Representatives. The…


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…


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…


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…


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).…


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…


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…


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…


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…


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…