Indonesia’s FSA Raises Registration Threshold to Encourage Private Securities Offerings
13 Mar 2023
In 2021, the Indonesian Financial Services Authority (“OJK”) increased the threshold that triggers the requirement to register and seek OJK approval for a private offering of securities. Previously, the registration threshold was IDR 1 billion (approx. USD 65,000), but this was increased to IDR 5 billion (approx. USD 327,000) under OJK Regulation No. 29/POJK.04/2021.[1]…
State Infrastructure Guarantee Agency Gets Revamp to Boost Sector’s Attractiveness to Financiers
08 Mar 2023
A. Background The Government has moved to expand the remit of its infrastructure guarantee agency in recognition of the ongoing urgent need for private-sector finance to overcome the continuing infrastructure gap in Indonesia, notwithstanding the major progress made to date under the Jokowi administration. As always, the basic problem boils down to money. The need for new infrastructure…
Indonesian Gov’t Opts for Quick Fix for “Conditionally Unconstitutional” Job Creation Law
07 Feb 2023
Background On 30 December 2022, the Indonesian Government promulgated an emergency regulation, Government Regulation in Lieu of Law No. 2 of 2022 on Job Creation (“Perppu 2/2022”).[1] The new regulation repeals and replaces Law No. 11 of 2020 on Job Creation (“Job Creation Law” or “JCL”),[2] which was declared “conditionally unconstitutional”…
ABNR Awarded Nine Tier-1 Rankings by Legal 500, Eight More Lawyers Recognized
25 Jan 2023
ABNR’s position as a top-tier Indonesia commercial law firm has been reaffirmed by the 2023 rankings published by leading international legal directory The Legal 500 Asia Pacific on Jan 11. ABNR is now ranked as a Tier-1 firm in a total of nine practice areas: Antitrust & Competition; Aviation; Banking & Finance; Labour & Employment; Projects & Energy; Real…
IDX Launches New Economy Board to Accommodate Volatile Tech Stocks
09 Jan 2023
Introduction The Indonesian government and Indonesia Stock Exchange (“IDX”) have long been eager for more players in the country’s booming tech scene to go public. However, investor confidence has been undermined by a perceived lack of financial transparency among tech companies, while the overall performance of the IDX has been dragged down in recent months by the…
