News andUpdates
News and Updates
December 24, 2013
SUPREME COURT ANNULS MEMR No. 7/2012: IMPLICATIONS FOR DOMESTIC MINERAL PROCESSING AND REFINING
Indonesia’s Supreme Court recently published Decision No. 13 P/HUM/2012, dated April 3, 2013, (“Decision”), ordering the Minister of Energy and Mineral Resources (“MEMR”) to revoke MEMR Regulation…
September 26, 2013
Statute of Limitation to Claim Payment under Manpower Law
The Constitutional Court has added yet another complication to employer-employee relations in Indonesia. In Decision No. 100/PUU-X/2012 dated September 19, 2013 (the “Decision”), the Court revoked…
August 27, 2013
Coastal and Small Island Reclamation
Presidential Regulation No. 122 of 2012 on Reclamation of Coastal Areas and Small Islands (“Regulation”) requires reclamation projects (dredging, draining, and landfill) to comply with permitting…
July 24, 2013
Transnational Electricity Licensing
Indonesia has committed to a number of cross-border power projects with Singapore and Malaysia as part of the ASEAN Power Grid (“APG”), which was devised to support economic growth in Southeast Asia…
April 15, 2013
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…
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…