Aircraft Repossession in Indonesia amid Economic Fallout from COVID-19 (20/05/2020)
The aviation industry has been one of the hardest-hit during the COVID-19 crisis, and Indonesia is no exception. Indonesian airlines report a steep decline in the number of travelers, and some are looking at restructuring, such as through the issuance of restructuring bonds. Aircraft ...
Indonesia’s FSA Relaxes ‘Single Presence Policy’ in Banking Sector but Tightens Minimum Capital Requirements (20/04/2020)
A. Introduction
The Indonesian Financial Services Authority (Otoritas Jasa Keuangan / “OJK”) recently issued Regulation No. 12/POJK.03/2020 (“Reg. 12”, effective 17 March 2020),[1] which relaxes bank ownership rules under the OJK’s Single Presence ...
Jakarta Imposes Partial Lockdown to Curb Spread of Covid-19 (13/04/2020)
Overview
Following the issuance of a Minister of Health decree permitting the introduction of large-scale social restrictions (“LSSR”) in Jakarta,[1] the city’s governor, Mr. Anies Baswedan, has issued a regulation (the “Regulation”)[2] that ...
Indonesian Gov’t Arms Itself with Powers to Impose Local Lockdowns (08/04/2020)
1. New Lockdown Powers
The Indonesian government has taken a series of concerted steps recently to establish a solid legal framework for the imposition of what are likely to be partial or total lockdowns at the local level to contain the spread of Covid-19.
The first of ...
Government Temporarily Bans Most Foreign Nationals from Entering Indonesia (06/04/2020)
In response to the Covid-19 crisis, the President officially declared a public health emergency on March 31 through the issuance of Presidential Decree No. 11 of 2020, which mandates all government institutions to take whatever measures are necessary to contain the spread of the ...
Force Majeure and Impact of Covid-19 on Contractual Obligations (31/03/2020)
1. Introduction
Given the economic dislocation caused by the rapid spread of Covid-19 around the world, many parties facing difficulties in performing contracts will obviously be thinking about their legal situation. Can they be held liable for damages for breach of contract or ...
FAQs on Legal Impact of Covid-19 in Indonesia (31/03/2020)
With the world facing its biggest challenge of the century so far, and probably its greatest challenge since World War II, we have received a considerable number of inquiries as to how businesses should best respond to the impact of the Covid-19 crisis. Here are a number of FAQs and ...
Jakarta Manpower Office and Ministry of Manpower Issue Guidelines for Employers in Responding to Covid-19 Pandemic (24/03/2020)
Both the Jakarta Manpower Office and the Ministry of Manpower have recently issued circulars setting out guidelines for employers on how they should respond to the impacts of Covid-19 in the workplace. In this ABNR Legal Update, we briefly summarize the key points of each ...
Omnibus Bill’s Likely Impact on Foreign Direct Investment Open to Interpretation (10/03/2020)
This is the second in our series of ABNR Legal Updates on the Bill on Job Creation (dubbed the “Omnibus Bill” / the “Bill”),[1] submitted by the Government to the National Legislative Assembly (DPR) on 12 February 2020. Today, we focus on the changes proposed by the ...
Reformist ‘Omnibus’ Bill on Job Creation Submitted to Indonesia’s National Legislature but Long Road Still to Travel (26/02/2020)
Introduction
The Government submitted the much anticipated Bill on Job Creation (the “Bill”)[1] to the National Legislature (Dewan Perwakilan Rakyat / DPR) on Tuesday, 12 February 2020. Dubbed the “Omnibus Bill,” it contains 174 articles spread over ...