FINANCIAL SERVICE PROVIDERS TO APPLY THE KNOW-YOUR-CUSTOMER PRINCIPLE (19/02/2010)
The Capital Market Supervisory Agency and Financial Institution (“Bapepam-LK”) has issued a regulation regarding the application of the Know Your ...
NEW INVESTMENT PROCEDURES (19/02/2010)
The Investment Coordinating Board (the “BKPM”) has issued on December 23, 2009 a new regulation concerning Guidance and Procedures for ...
MINISTER OF TRADE'S REGULATION ON IMPORTATION OF USED CAPITAL GOODS (19/02/2010)
To assist the country’s industrial players with less purchasing power, the Minister of Trade has issued Regulation No. 63/MDAG/PER/12/2009 regarding Provisions for Importation of Used Capital Goods (the “Regulation”). The Regulation basically extends the provision of the ...
COAL AND MINERAL MINERS TO PRIORITIZE DOMESTIC SUPPLIES (19/02/2010)
To prevent shortage of supplies of coal and minerals in the country, the Minister of Energy and Mineral Resources has issued his Regulation No. 34 of 2009 regarding Prioritization of Supplies of Mineral and Coal for Domestic Needs (the “Regulation”). The Regulation will be ...
ELECTRONIC INVESTMENT INFORMATION SERVICES AND LICENSING (19/02/2010)
The Investment Coordinating Board (Badan Koordinasi Penanaman Modal, “BKPM”) continues its efforts to improve the country’s investment climate and address investors’ ...
ABNR contributed an Indonesian chapter on Getting the Deal Trough - Climate Regulation 2009 (02/02/2010)
Ali Budiardjo, Nugroho, Reksodiputro contributed an Indonesian chapter on Getting the Deal Trough - Climate Regulation 2009 which is published in 17 jurisdictions worldwide. The chapter is authored by Theodoor Bakker, A Zen Umar Purba, Abdul Aziz Wahid, Josephine Hadiwijaya and Mahatma ...
BAPEPAM-LK'S NEW REGULATIONS ON AFFILIATED TRANSACTIONS AND MATERIAL TRANSACTIONS (18/01/2010)
After having been in effect for only one year, Regulation No. IX.E.1 of 2008 regarding Affiliated Transactions and Conflict-of-Interest Transactions was replaced by Regulation No. IX.E.1 regarding the same subject matter that was issued recently in November 2009 (“Regulation No. ...
MINISTER OF TRADE'S REGULATION ON IMPORTER IDENTITY NUMBER (API) (18/01/2010)
The Minister of Trade issued, on September 16, 2009, her Regulation Number 45/M-DAG/PER/9/2009 concerning Importer Identity Number (generally known by its Indonesian acronym API, short for Angka Pengenal Importir).
Under this regulation (“Regulation 45/2009), ...
GOVERNMENT REGULATION ON HARBOR MATTERS (18/01/2010)
As infrastructure in Indonesia has become a bottleneck to economic growth and development, the government is making efforts to attract private investors to this sector among others by enacting a number of laws and regulations that, unlike their predecessors, allow investors to own, manage, ...
ABNR APPOINTS A NEW PARTNER AND ANNOUNCES RETIREMENT OF A PARTNER (18/01/2010)
ABNR continues its expansion by promoting its senior associate, Sahat A.M. Siahaan
