SIMPLIFICATION OF PROVISIONS ON IMPORTATION OF GADGETS
21 Oct 2016
The government amended, for the third time, the provisions on importation of cellular phones and handheld and tablet computers (“Gadgets”) by issuing Regulation of the Minister of Trade No. 41/M-DAG/PER/5/2016 of 2016 (“Regulation”) regarding Third Amendment to Regulation of the Minister of Trade No. 82/M-DAG/PER/12/2012 regarding the same subject matter. In line with…
DRAFT LAW ON DRUG AND FOOD SUPERVISION
21 Oct 2016
The Government has submitted a draft law on Drug and Food Supervision (“Bill“) to the House of Representatives, just in time following the recent uncovering of the counterfeit vaccine and drugs scandal. The Bill has been included in the 2015-2019 National Legislative Program, even though it is not placed in the priority category for the year 2016. Serving as an umbrella for regulations…
NEW PATENT LAW
21 Oct 2016
On 26 August 2016, the Indonesian Government enacted Law No. 13 of 2016 on Patents (“New Patent Law”). This new law became effective on the enactment date and replaces Law No. 14 of 2001 on the same subject matter (“Old Patent Law”). The noteworthy provisions of the New Patent Law are as follows: Scope of Patent Protection The New Patent Law stipulates in its Chapter II Article…
AMENDMENT TO NUISANCE PERMIT REGULATION
21 Oct 2016
The Minister of Home Affairs has recently enacted Regulation No. 22 of 2016, resulting in an amendment of Regulation of the Minister of Home Affairs No. 27 of 2009 on Guidelines for the Granting of Regional Nuisance Permits. This amendment is part of President Joko Widodo’s policy to reduce the number of required business permits/licenses to start a business. The amendment results in two important…
REGISTRATION PROCEDURE OF IP LICENSING AGREEMENT
03 May 2016
The Ministry of Law and Human Rights of the Republic of Indonesia (“MOLHR”) has issued a new regulation which requires that all IP licensing agreements be registered for recordation at the ministry. The regulation is MOLHR Regulation No. 8 of 2016 regarding Rules and Procedures for the Recordation of Intellectual Property License Agreements (“Regulation No. 8 / 2016”).…
SEMINAR ON REGULATION AND FINANCING OF SHIPPING BUSINESS IN INDONESIA
03 May 2016
Yayasan ABNR will be organizing a seminar on "Regulation and Financing of Shipping Business: Responding to Challenges and Opportunities of Maritime Industry in Indonesia" which will be held on May 24, 2016 at Financial Hall, Graha CIMB Niaga. The seminar will discuss business opportunity and investment in shipping business, financing and security law, as well as obstacles related to the banking sector.…
PROVISION OF OVER-THE-TOP APPLICATIONS AND/OR CONTENT SERVICE VIA THE INTERNET
12 Apr 2016
On 31 March 2016, the Minister of Communications and Information Technology (“CIT”) issued Circular Letter Number 3 of 2016 concerning Provision of Over-The-Top Applications and/or Content Services via the Internet (“OTT Services”) (“Circular Letter”). The Circular Letter begins with a general remark that the CIT Ministry is preparing a regulation regarding…
ABNR WINS 2016 IFLR “NATIONAL LAW FIRM OF THE YEAR' AWARD FOR INDONESIA
24 Mar 2016
Ali Budiardjo, Nugroho, Reksodiputro (ABNR) was named “National Law Firm of the Year for Indonesia” at the International Financial Law Review (IFLR) Asia Awards ceremony in Hong Kong which took place on March 3, 2016. ABNR also received the “Restructuring Deal of the Year” award for its work on the $2 billion debt restructuring of PT Berlian Laju Tanker Tbk, one of the…
NEW LAW ON PUBLIC HOUSING SAVINGS IMPOSES MANDATORY EMPLOYER CONTRIBUTION
02 Mar 2016
On February 23, 2016, the Indonesian House of Representatives passed the bill on Public Housing Savings into law. The law on Public Housing Savings (Tabungan Perumahan Rakyat / “Tapera Law”) will be the foundation for the government’s Tapera Program, a housing savings program for workers which will be established to help low income people attain proper housing. The Tapera Law is…
INDONESIAN GOVERNMENT ANNOUNCES REVISION OF NEGATIVE INVESTMENT LIST
17 Feb 2016
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”)…
NEW PARTNERS APPOINTMENTS
09 Feb 2016
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…
NEW OJK REGULATION ON RIGHTS ISSUE
09 Feb 2016
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…
NEW GOVERNMENT REGULATION ON EXPLOITATION OF WATER RESOURCES BUSINESS
09 Feb 2016
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…
