In an unexpected development with profound implications, the Constitutional Court of the Republic of Indonesia on November 13, 2012, announced a decision disbanding BP MIGAS, the upstream regulator of the petroleum industry in Indonesia. In response, President Susilo Bambang Yudhoyono that same day issued Presidential Regulation No. 95 Year 2012, which transferred the responsibilities of … BP Migas Decision
Indonesia’s Constitutional Court (the “Court”) issued decisions in two cases on June 4, 2012, that could help change the playing field in the mining industry, giving smaller companies the chance to compete with big miners. In separate rulings in cases brought by tin miners from Bangka-Belitung Province, the Court found that several provisions of Law … Review of the Indonesian Mining Industry
The Indonesian Ministry of Trade (MOT) issued a new regulation on September 21, 2012, amending some of the provisions on the Importer Identification Number (API). The new regulation, MOT Regulation No. 59/M-DAG/PER/9/2012 (MOT Reg 59), amends MOT Regulation No. 27/M-DAG/PER/5/2012 regarding Provisions on Importer Identification Number (MOT Reg 27). Below is a look at the … Indonesia Import Regulation Update: MOT Reg No. 59
Long awaited by the banking industry and having gone through a lengthy process within Bank Indonesia (BI) itself, where several share purchase transactions were put on hold by BI, BI has issued a new regulation on the ownership of commercial banks, as contained in BI Regulation No. 14/8/PBI/2012 regarding the Share Ownership of Commercial Banks … New BI Regulation on the Share Ownership of Commercial Banks
