Tighter Rules on Private Placements of Debt Securities Come Into Force in Indonesia (04/08/2020)
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 ...
New Rules on Importation of Complementary, Market Testing and After Sales Service Goods Fill Legal Void but Restrict Eligible Sectors (29/07/2020)
The Minister of Trade (“MOT”) recently issued Regulation No. 59 of 2020 (the “New Regulation”)[1] to amend MOT Regulation No. 118/M-DAG/PER/12/2015 on the Importation of Complementary Goods and Goods for Use in Market Testing or After-sales Service (the ...
Govt offers investors attractive new concession scheme for brownfield state assets (28/07/2020)
The President has issued a regulation that simultaneously holds out the prospect of attractive new opportunities for private-sector investment in existing public infrastructure and greater state funding for new infrastructure. This is the upshot of Presidential Regulation No. 32 of 2020 ...
OJK Can Now Order Healthy Non-Bank Financial Institutions to Shoulder Responsibility for Distressed Peers (22/07/2020)
Following an earlier Financial Services Authority (Otoritas Jasa Keuangan / “OJK”) regulation that may be used to require compulsory consolidation in the banking sector in order to avoid potential bank collapses,[1] healthy, well-managed non-bank financial institutions ...
Indonesia’s New Mining Law Heralds Significant Change but Challenges Lie Ahead (14/07/2020)
Indonesia’s Parliament (Dewan Perwakilan Rakyat / DPR) and Government have availed themselves of the public’s preoccupation with the Covid-19 pandemic to successfully push through important new mining legislation with a minimum of publicity, thus avoiding the concerted ...
Covid-19 in Indonesia: Jakarta Administration Lays Legal Groundwork for Reopening of Capital’s Economy (11/06/2020)
Despite widespread media reports of disagreement between the Jakarta provincial administration and the central government over the pace of reopening of the national capital’s economy, the Jakarta administration has now fallen into line with the center’s focus on restarting full ...
Covid-19 in Indonesia: OJK Issues New Rules on Compulsory Consolidation in Banking Sector to Safeguard Financial System Stability (10/06/2020)
Following the issuance of emergency legislation that gives the state special powers to contain the economic fallout of Covid-19 (“Perppu 1/2020”),[1] the Indonesian Financial Services Authority (Otoritas Jasa Keuangan / “OJK”) recently issued Regulation No. ...
Covid-19 in Indonesia: Protocols Established for Reopening of Retail and Services Sectors (09/06/2020)
The Ministry of Health (“MOH”) has recently issued guidelines for the reopening of businesses during the current winding down of partial lockdowns around the country and subsequent transition to the much vaunted “New Normal.” The guidelines for offices and industrial ...
BPOM Moves to Regulate Indonesia’s Burgeoning Online Trade in Food and Medicines (09/06/2020)
Given the ever-increasing popularity of shopping at the click of a mouse, concerted efforts are now being made to regulate certain aspects of e-commerce that until recently were still ‘no man’s land’ in Indonesia, including the online sale and distribution of food and ...
Covid-19 in Indonesia: New Rules on Safe Working Introduced Ahead of Reopening of Economy (09/06/2020)
Despite a continuing rise in the number of Covid-19 cases in Indonesia, the Government is laying the groundwork for the imminent lifting of partial lockdowns[1] around the country and a general reopening of the economy based on the application of what is termed the "New Normal," which ...