17 Feb 2016
INDONESIAN GOVERNMENT ANNOUNCES REVISION OF NEGATIVE INVESTMENT LIST
The Indonesian government announced that it will issue a revision of the current Negative Investment List (“DNI”), which will enumerate business lines that are closed and conditionally open to foreign investment (e.g. by imposing a cap on foreign ownership in Indonesian companies or requiring foreign investors to collaborate with domestic micro, small and medium size companies (“SMEs”)…
09 Feb 2016
NEW PARTNERS APPOINTMENTS
ABNR is delighted to announce the promotion of Senior Associates Kevin Omar Sidharta and Indra Setiawan to the position of Partner with effect from 1 January 2016. Kevin Omar Sidharta joined ABNR in 2002 and became a partner at the beginning of 2016. He attended the Faculty of Law of the University of Indonesia, majoring in Business Law. After his graduation in 2000, he went on to continue his law…
09 Feb 2016
NEW OJK REGULATION ON RIGHTS ISSUE
A new regulation on rights issue was passed in December of last year by the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) under number 32/POJK.04/2015 regarding Increase of Capital with Pre-emptive Rights (“Regulation 32/2015”). Regulation 32/2015 is promulgated by way of and attached to Decision of the Chairman of Bapepam-LK No. Kep-26/PM/2003 on Pre-emptive…
09 Feb 2016
NEW GOVERNMENT REGULATION ON EXPLOITATION OF WATER RESOURCES BUSINESS
The Government of Indonesia just issued Government Regulation No. 121 of 2015 regarding Exploitation of Water Resources for Business Purposes (“GR 121/2015”), as the implementing regulation of Law No. 11 of 1974 regarding Water Cultivation (“Law 11/1974”). Law 11/1974 which was previously revoked by Law No. 7 of 2004 regarding Water Resources came back into effect when Law…
09 Feb 2016
OJK REGULATION ON EXEMPTION FROM REPORTING AND ANNOUNCEMENT OBLIGATIONS FOR QUALIFIED ISSUERS OR PUBLIC COMPANIES
Another new regulation which was passed by the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) in December of last year is OJK Regulation No. 29/POJK.04/2015 regarding Issuers or Public Companies Which Are Exempted from Reporting and Announcement Obligations (“Regulation 29/2015”). The reporting and announcement obligations meant by Regulation 29/2015 are obligations…
09 Feb 2016
NEW MINISTER OF TRADE REGULATION ON IMPORTATION OF COMPLEMENTARY GOODS AND GOODS FOR MARKET TEST AND AFTER SALES SERVICE PURPOSES
The Minister of Trade has issued a regulation which restores the permission for holders of the Producer Importer Identification Number (“API-P”) to import what is referred to as “Manufactured Goods” (barang manufaktur), comprising the so-called (i) complementary goods. (ii) market test goods, and (iii) after sales services goods. Upon their importation, the Manufactured Goods…