News andUpdates
News and Updates
June 22, 2015
Court Nullifies English Language Contract
On June 20, 2013, the District Court of Jakarta Barat nullified a Loan Agreement executed only in English, concluding that contracts involving Indonesian parties must be written in Bahasa Indonesia,…
June 16, 2015
BI Sets July 1 Deadline for Mandatory Use of Rupiah for Transactions in Indonesia
The obligation to use Rupiah in Indonesian transactions has long been established under the Currency Law (Law No. 7 of 2011 on Currency). Recently, however, Bank Indonesia took major steps to…
May 13, 2015
Outsourcing Licenses to Be Processed by BKPM; Only Granted for Single Line of Business
On January 26, 2015, the Minister of Manpower issued Reg. No. 6 of 2015 on Standard Operational Procedure for Outsourcing Business License Issuance through the One-Stop Integrated Services in the…
May 5, 2015
MEMR Announces 35,000MW Power Plant Construction Program
AKSET Translation, May 5, 2015 PRESS RELEASE Launching of the 35,000 MW Power Plant Construction Program MONDAY, MAY 04, 2015 12:48 WIB MINISTER OF ENERGY AND MINERAL RESOURCES OF THE REPUBLIC OF…
February 11, 2015
Restrictions on Expatriates in Mining Sector
Since the issuance of the Labor Law (Law No. 13 of 2003), the Minister of Manpower (the “MOM”, formerly the Minister of Manpower and Transmigration—the “MOMT”) has issued 12 regulations regulating or…
January 30, 2015
Minister of Manpower Clarifies Statute of Limitation for Employee Claims
The Minister of Manpower (MOM) has finally issued a directive on the statute of limitations for employees to file claims for payments allegedly owed by employers, which was revoked in September 2013,…
January 14, 2015
New Regional Government Law Consolidates Authority to Issue Mining Licenses in Central and Provincial Governments
Law No. 23 of 2014 regarding Regional Governance (2014 Regional Law) was enacted on October 5, 2014, to redefine, yet again, relations between, and authorities among, the Central, Provincial and…
December 10, 2014
OJK RE-REGULATES MULTI – FINANCE SECTOR
On November 19, 2014, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) issued 20 regulations governing banking, capital markets, and non-bank financial institutions. Four of the…
December 1, 2014
Minimum Wage for DKI Jakarta Province Increased to Rp2,700,000 for 2015
The Governor of DKI Jakarta has determined a new Provincial Minimum Wage (“UMP”) that applies to every employer in DKI Jakarta, except those covered by special sectoral minimum wages. The UMP is…
November 5, 2014
New Law on Halal Product Assurance
The House of Representatives has enacted Law No. 33 of 2014 on Halal Product Assurance (“Halal Law”), which regulates the materials, processing, and certification of halal products, as well as…