News

Indonesia’s New Mother & Child Law Imposes Additional Obligations on Employers

11 Oct 2024 Indonesia has enacted wide-ranging new legislation on maternal and child welfare during the first 1,000 days of a child’s life ("KIA Law").[1] In the employment sphere, this imposes a variety of new obligations on employers, while simultaneously clarifying a number of existing ones. Key Takeaways for Employers From the employer’s perspective, five aspects of the KIA Law are of…

ABNR Dominates 2024 ABLJ Indonesia Law Awards: 17 Wins, ‘Indonesia Law Firm of the Year’

01 Oct 2024 ABNR has emerged from the 2024 iteration of the Asian Business Law Journal (ABLJ) Indonesia Law Awards with the firm’s largest ever haul of trophies, including the coveted “Indonesia Law Firm of the Year” title. Besides being named law firm of the year, the firm received awards in a total of 16 other categories: • Best overall law firms • Arbitration & ADR • Aviation…

Draft Presidential Regulation Envisages Mandatory Annual Legal Audits for Businesses and Other Entities

23 Sep 2024 A draft presidential regulation (“Draft”) introduced in July will, if eventually promulgated in its present form, require every Indonesian business entity (badan usaha), legal entity (badan hukum), and public entity (badan publik) to undergo an annual legal audit to assess the legality of the entity and its actions, including its levels of legal compliance and good corporate governance.…

ABNR Advises Indonesian State Rail Operator KAI on Conventional & Islamic Bond Issuances

11 Sep 2024 ABNR advised Indonesian state rail operator PT Kereta Api Indonesia (KAI) on their recent issuances of conventional and Islamic bonds under a shelf registration. The newly issued bonds consist of: IDR 700 billion of conventional bonds (Obligasi Berkelanjutan I Kereta Api Indonesia Tahap II Tahun 2024); and IDR 300 billion of Islamic bonds (Sukuk Ijarah Berkelanjutan I Kereta Api Indonesia Tahap II…

ABNR Advises Geo Energy Resources on USD 151-million Coal Road and Port Deal

26 Aug 2024 ABNR advised Singapore-based coal company Geo Energy Resources group, as project owner and guarantor, on their recently signed agreement for the USD 151-million development of an approx. 92 km coal-haul road that traverses South Sumatra and Jambi provinces, Indonesia, and a 7500 dwt coal loading berth located in South Sumatra province. Under the agreement, the new infrastructure will be designed and…

KPEI Collaborates with Other Financial Sector Institutions to Establish New Indonesian Money & Forex Clearing House

20 Aug 2024 We are pleased to share that we have assisted PT Kliring Penjaminan Efek Indonesia (ID Clear) with the drafting of the shareholders agreement for the establishment of a new central counterparty clearing house (CCP) for the Indonesian money and foreign currency (forex) markets. ID Clear is the Indonesian stock exchange’s central counterparty clearing house for securities. The agreement to set…

ABNR Open Day allows law students a fascinating peek into the life of legal professionals

14 Aug 2024 We are excited to share the success of our second ABNR Open Day, which took place on Saturday, 10 August 2024. Building upon the success of last year’s event, this year’s was even more impactful, bringing together a new wave of aspiring law students eager to take on the challenge of commercial law. Our team was delighted to welcome the students, offering them an exclusive opportunity to…

Indonesia’s FSA Issues New Regulation on Insurance Products and Marketing

19 Jul 2024 The Financial Services Authority (“OJK”) has introduced a number of significant changes as regards how insurance companies should develop and market their products. These changes are set out in OJK Regulation Number 8 of 2024 on Insurance Products and Marketing Channels for Insurance Products[1] (“Reg. 8/2024”), which supersedes OJK Regulation Number 23 of 2015 on the same…

ABNR Advises DFC on Loan Portfolio Guarantee for Bank Sahabat Sampoerna

17 Jul 2024 ABNR has advised the United States International Development Finance Corporation (DFC) on their 50% loan portfolio guaranty of up to USD 100 million to PT Bank Sahabat Sampoerna for the expansion of the bank’s on-lending to eligible micro, small and medium enterprises, women-owned businesses and micro-finance institutions in Indonesia (“the Project”). The deal, which was closed on…

OJK Moves to Strengthen Social Economy by Modernizing BPR Sector

05 Jul 2024 Introduction An important, and frequently overlooked, aspect of the Indonesian financial services industry is the crucial role played by often privately owned savings and loan banks, known now as Bank Perkonomian Rakyat,[1] and their sharia-compliant equivalents, the Bank Perekonomian Rakyat Syariah[2] (collectively “BPR”). The operations of these financial institutions are restricted…

ABNR Named ‘Best Full Service Law Firm of the Year 2024’ by HukumOnline

03 Jul 2024 We are delighted to announce that ABNR has been named “Best Full Service Law Firm of the Year 2024” by prestigious Indonesian online legal publisher HukumOnline. This latest accolade for the firm underscores our consistent drive to providing outstanding legal services and achieving impressive outcomes for our clients. A total of 200 leading Indonesian law firms participated in this year’s…

ABNR Advises Yamato on Acquisition of Indonesian Structural Steel Giant

10 Jun 2024 We would like to congratulate our clients Yamato Kogyo Co., Ltd., Siam Yamato Steel Co. Ltd., and PT Hanwa Indonesia (the Indonesian subsidiary of a Hanwa Co., Ltd. of Japan) on their successful acquisition of 95% of shares in PT Nusantara Baja Profil (now PT Garuda Yamato Steel), from PT Gunung Raja Paksi, Tbk. and PT Gunung Garuda. The deal, valued at over USD 400 million, marks a significant milestone…