24 Aug 2020
New e-Commerce Rules Require Offshore Players to Establish Representative Offices in Indonesia, Provide Greater Consumer Protection
The Ministry of Trade (“MOT”) has issued an important ancillary / implementing regulation to give effect to Government Regulation No. 80 of 2019 on E-Commerce (“GR 80/2019” – for an ABNR analysis, click here). The new regulation (MOT Regulation No. 50 of 2020 / the “Regulation”),[1] which enters into force on 19 November 2020, requires global e-commerce companies…
19 Aug 2020
News Flash: Holders of Emergency Stay Permits Must Normalize Their Immigration Status by Sept. 20 or Face Sanctions
With the onset of the Covid-19 pandemic in Indonesia, Indonesia’s Government responded by issuing Minister of Law and Human Rights Regulation No. 11 of 2020 (effective 2 April 2020),[1] which essentially closed the country’s borders to most non-Indonesians. Regulation 11 also recognized the difficulties that the holders of expiring Indonesian visas would face in leaving the country due…
10 Aug 2020
All Change as Virtual Shareholders Meetings Become ‘New Normal’ in Indonesia
With the Covid-19 pandemic having disrupted long established ways of doing things around the world, businesses and regulators have had to quickly adjust to the new reality. In Indonesia, two regulations issued earlier this year by the Indonesian Financial Services Authority (Otoritas Jasa Keuangan / “OJK”) take cognizance of the changed circumstances by putting in place a solid legal framework…
07 Aug 2020
Covid-19 in Indonesia: Is Govt Planning to Commandeer Drug Patents to Reduce Vaccination Costs?
In a development that appears to be directly related to growing concerns over access to, and the cost of, potential Covid-19 vaccines, the Indonesian Government has issued Presidential Regulation No. 77 of 2020 on Procedures for Government Patent Use (the “Regulation”, effective 8 July 2020). While “government patent use” (Pelaksanaan Paten oleh Pemerintah / “GPU”)…
04 Aug 2020
Tighter Rules on Private Placements of Debt Securities Come Into Force in Indonesia
Private placements of debt securities, such as medium term notes, have been a hugely popular way for Indonesian corporates to raise fresh funds in recent years. This is due in no small part to the fact that they were not specifically regulated by the Indonesian Financial Services Authority (Otoritas Jasa Keuangan / “OJK”) so that issuance process was relatively straightforward and hassle…