Danantara and the Future of SOEs: What will change?
25 Mar 2025
In February 2025, Indonesia enacted amendments to its Law on State-Owned Enterprises (SOE Law), [1] introducing major reforms to the regulation of SOEs.A key development under this law is the launch of Daya Anagata Nusantara (Danantara), being Indonesia’s new sovereign wealth fund.Primary changes under these amendments include: the introduction of an expanded definition of State-Owned…
OJK Unveils New Regulation to Strengthen Issuers and Public Companies
11 Mar 2025
To align withLaw No. 4 of 2023 onFinancial Sector Development and Reinforcement Law (“P2SK Law”) which amends several financial sector regulations, including Law No. 8 of 1995 on Capital Markets (“Capital Markets Law”), the Financial Services Authority (Otoritas Jasa Keuanganor “OJK”) has introduced a new regulation: OJK Regulation No. 45 of 2024 on Issuers and Public Companies Development…
The 200 Club: Indonesia's Most Influential Lawyers by Hukumonline
04 Mar 2025
We are delighted to announce that several of our esteemed partners have been recognized among Indonesia's Most Influential Lawyers, reflecting their unwavering dedication and exceptional legal expertise.Agus Ahadi Deradjat is distinguished in corporate law, M&A, foreign direct investment (FDI), and technology, media, and telecommunications. His strategic insights have been pivotal in guiding…
OJK Reg. 36/2024: What’s Changing for Insurance Operations?
14 Feb 2025
BackgroundOn 20 December 2024, the Indonesian Financial Services Authority (OJK)introduced changes to the operations of insurance and reinsurance companies,including Sharia-compliant entities, with the release of OJK Regulation No. 36 of 2024 on Business Operations of Insurance Companies, Sharia Insurance Companies, Reinsurance Companies, and Sharia Reinsurance Companies[1] (“Reg. 36/2024”).This…
Indonesia: Starting off the year with a new era for crypto trading under OJK's helm
03 Feb 2025
The Indonesian cryptocurrency landscape is on the brink of transformation. Through the Indonesian Financial Services Authority (Otoritas Jasa Keuangan,“OJK”)Regulation No. 27 of 2024[1] (“OJK Reg. 27/2024”) effective from January 10, 2025, the regulatory framework for crypto trading has shifted from the Commodity Futures Trading Supervisory Agency (“Bappebti”)[2] to the OJK. This change marks…
ABNR Shines in 2025 Legal 500 Asia Pacific Rankings
21 Jan 2025
We are thrilled to announce that ABNR has once again demonstrated its excellence, securing top-tier rankings in the 2025 Legal 500 Asia Pacific, published on January 15.Top-Tier Practice AreasABNR is proudly ranked as a Tier-1 firm in nine practice areas:Antitrust & CompetitionAviationBanking & FinanceLabour & EmploymentProjects & EnergyReal EstateRestructuring & InsolvencyTMT…
Unbundling Electricity Business Activities: A Threat to State Control?
16 Jan 2025
On 29 November 2024, the Indonesian Constitutional Court (Mahkamah Konstitusi or “MK”) issued decision number 39/PUU-XXI/2023 (“MK Decision 39”) which might affect the Independent Power Producer (“IPP”) business scheme in Indonesia due to its “unbundling” nature.Unbundling Electricity BusinessThe concept of unbundling electricity business activities is outlinedin Article 10, paragraphs (1) and…
OJK Releases New Guidelines for the Implementation of Sharia-Based Products
04 Jan 2025
Indonesia’s Financial Services Authority (“OJK”) has taken a major step towards advancing regulation and consistency of the country’s sharia banking sector with the introduction of new guidelines for sharia-based banking products. Issued in October 2024, these guidelines are designed to reinforce the distinctive characteristics of sharia banking and highlight its unique competitive advantages, distinguishing…
New Rules Introduce Further Barriers to Foreign Direct Investment in Domestic Shipping Sector
30 Dec 2024
On 28 October 2024, Indonesia enacted the Third Amendment to Law No. 17 of 2008 on Shipping by virtue of Law No. 66 of 2024 (the “Third Amendment”), following its approval by the Indonesian House of Representatives on 30 September 2024. The Third Amendment makes Indonesia’s cabotage rules even stricter, and introduces various other changes that will impact on vessel owners and operators.Cabotage…
ABNR Recognized Again as a Leading Law Firm by Chambers
23 Dec 2024
ABNR has been acknowledged for its excellence in the legal profession in the Chambers Asia-Pacific Guide 2025. Our firm has been ranked across multiple practice areas, reflecting our commitment to providing top-tier legal services in Indonesia.The recognition reflects the effort and dedication of our team of lawyers, who work to achieve favorable outcomes for our clients. The firm's expertise covers…
