ABNR Named ALB Indonesia Law Firm of the Year 2022

28 Oct 2022 We are very pleased to announce that ABNR Counsellors at Law was named Asian Legal Business (ALB) Indonesia Law Firm of the Year 2022 at a glittering awards ceremony at Shangri La Hotel Jakarta on Thursday, Oct. 20. The annual ALB Indonesia Law Awards recognize the country’s best law firms, legal work and lawyers across all major practice areas. Speaking about this latest recognition…

Indonesia’s SOE Ministry to Require Proactive Risk Management in Public Companies

20 Oct 2022 1. Introduction Two years after the “Three Lines Model” risk management protocol was issued by the Institute of Internal Auditors (https://www.theiia.org/) to help organizations manage risk and successfully achieve their goals, the Ministry of State-Owned Enterprises (“MSOE”) has adopted it for the state-owned sector in Indonesia via MSOE Regulation No. PER-5/MBU/09/2022…

Long-Awaited Presidential Regulation Signals Transition to Greener Energy in Indonesia

06 Oct 2022 The President has finally issued a long-awaited regulation that maps out the road towards cleaner power generation in Indonesia, in line with the country’s international climate-change commitments. The new regulation, Presidential Regulation No. 112 of 2022 on Accelerated Development of Renewable Energy for Electricity Supply (“PR 112”),i was issued and entered into force on 13 September…

Indonesia’s OJK Moves to Beef Up Consumer Protection in Financial Services Sector

04 Oct 2022 A. Introduction Against a backdrop of widespread unauthorized disclosure of personal data and dubious business practices that frequently leave consumers of financial services aggrieved or out of pocket, the Indonesian Financial Services Authority (“OJK”) has issued a new regulation to beef up consumer protection in the sector. The regulation, (No. 6/POJK.07/2022 on Consumer and Public…