Under Law 4/2009 on Coal and Mineral Mining (Law 4/2009), mining license holders may apply to the relevant issuing authority (ie, the Ministry of Energy and Mineral Resources (MEMR) or governor, as relevant) to extend the initial term of the mining permit (IUP) that is due to expire. Under MEMR Regulation 7/2020, applications for the … Mining in Indonesia – Renewal and Transfer of Mineral Licenses
Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of Law No. 11 of 2020 regarding Jobs Creation (the “Omnibus Law“) is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Law amends various provisions … Indonesia Omnibus Law – Changes to the Mining Law
Typical forms of exit used to realize a private equity fund’s investment in a successful company in Indonesia are: A sale of shares to another company. A sale to another private equity. An IPO. Advantages and Disadvantages The advantages and disadvantages will vary from deal to deal. As an illustration, if the private equity … Private Equity in Indonesia – Exit Strategies
Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of the Omnibus Law is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Law revises various provisions in laws across numerous sectors, including Law No. … Indonesia Omnibus Law – Changes to the Company Law
The administration of President Joko Widodo has set new growth targets for the use of new and renewable energy (“NRE“), e.g. nuclear, solar, water, biomass. It aims to have NRE make up at least 23% of Indonesia’s total energy consumption by 2025 and 31% by 2050. These targets are set out under Indonesia’s National Energy … Indonesia Looks to Foster Development of Rooftop Solar Panels
The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill, among other things, amends … Indonesia Omnibus Bill – Changes to the Electricity Law
The Indonesian House of Representatives (Dewan Perwakilan Rakyat or “DPR“) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill … Indonesia Omnibus Bill – Changes to the Mining Law
The Indonesian Commercial Code (“ICC”) provides that a carrier is liable to provide compensation for any damages arising from its failure to deliver cargo, whether partially or entirely, or any damages to the cargo, unless such damage or failure to deliver was caused by force majeure. Indonesia has not ratified the Hague/Hague-Visby/Hamburg/Rotterdam Rules. In practice, … Indonesia Shipping Law – Cargo Claims
The minimum capital requirements for foreign investment in Indonesia differ from one industry to another. In general, a foreign investment company (PMA company) must have a total investment of more than IDR10 billion, excluding land and buildings, for each line of business as determined by the five digits of its Indonesian Standard Business Classification (Klasifikasi … Investing in Indonesia – Minimum Capital Requirement
The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill amends various provisions in … Indonesia Omnibus Bill – Potential Changes to the Oil and Gas Law
