23 Sep 2024
Draft Presidential Regulation Envisages Mandatory Annual Legal Audits for Businesses and Other Entities
A draft presidential regulation (“Draft”) introduced in July will, if eventually promulgated in its present form, require every Indonesian business entity (badan usaha), legal entity (badan hukum), and public entity (badan publik) to undergo an annual legal audit to assess the legality of the entity and its actions, including its levels of legal compliance and good corporate governance.…
11 Sep 2024
ABNR Advises Indonesian State Rail Operator KAI on Conventional & Islamic Bond Issuances
ABNR advised Indonesian state rail operator PT Kereta Api Indonesia (KAI) on their recent issuances of conventional and Islamic bonds under a shelf registration. The newly issued bonds consist of: IDR 700 billion of conventional bonds (Obligasi Berkelanjutan I Kereta Api Indonesia Tahap II Tahun 2024); and IDR 300 billion of Islamic bonds (Sukuk Ijarah Berkelanjutan I Kereta Api Indonesia Tahap II…