News andUpdates
News and Updates
April 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…
March 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…
March 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…
March 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).…
February 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…
February 14, 2013
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…
December 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…
December 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…
November 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…
November 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…