Blog Category: Pembaruan Hukum

New OJK Regulation on Technological Innovation in Indonesia’s Financial Sector

To help regulate Technological Innovations in the Financial Sector (Inovasi Teknologi Sektor Keuangan or “ITSK”), Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) recently issued OJK Regulation No. 3 of 2024 dated February 16, 2024, regarding the Implementation of ITSK (“OJK Reg. 3/2024”). This is an implementing regulation for Law No. 4 of 2023 New OJK Regulation on Technological Innovation in Indonesia’s Financial Sector

Indonesia Employment Law Update: Constitutional Court Affirms Statute of Limitation for Filing Employment Termination Lawsuits

On 29 February 2024, through its Decision No. 94/PUU-XXI/2023, Indonesia’s Constitutional Court affirmed that an employment termination lawsuit can only be filed within one year of the date of notification of employment termination. In the decision, the Constitutional Court said Article 82 of Law No. 2 of 2004 concerning Industrial Dispute Settlement (“Law No. 2 Indonesia Employment Law Update: Constitutional Court Affirms Statute of Limitation for Filing Employment Termination Lawsuits

Regulation of Artificial Intelligence in Indonesia

The introduction and rise of artificial intelligence (“AI”) in different industries and sectors, including the financial services sector and the telecommunications industry, is affecting almost every aspect of how those industries and sectors operate. Despite the many advantages of AI, the transition to its increased carries potential risks if not accompanied by appropriate laws and Regulation of Artificial Intelligence in Indonesia

Indonesia Looks to Attract Investment, Skilled Workers with Changes to Immigration Provisions

Indonesia’s Minister of Law and Human Rights has introduced changes to the regulatory framework for visas and stay permits with the goal of attracting greater flows of investment and creating an investment climate that attracts highly skilled talents. This article focuses on changes to provisions on visas and stay permits under MOLHR Regulation No. 22 Indonesia Looks to Attract Investment, Skilled Workers with Changes to Immigration Provisions

New Indonesia Trade Regulation on Import Policies and Arrangements: A Simplification or Mere Clarification?

On December 11, 2023, the Indonesian Minister of Trade (“MoT”) issued a new regulation that introduces substantial changes to import policies and arrangements, with the stated aim of clarifying and improving import procedures in Indonesia. The new regulation, MoT Regulation No. 36 of 2023 on Import Policies and Arrangements (“Regulation 36/2023”), is effective as of New Indonesia Trade Regulation on Import Policies and Arrangements: A Simplification or Mere Clarification?

Indonesia Legal Update: Incentives for Four-Wheeled Battery Electric Vehicles

The Indonesian Government has issued a regulation that provides guidance on the granting of incentives for Battery Electric Vehicles (“BEVs”) previously introduced in Presidential Regulation No. 55 of 2019 regarding the Acceleration of the Battery Electric Vehicles for Road Transportation Program, as amended by Presidential Regulation No. 79 of 2023 (“PR 55/2019 as amended”). Minister Indonesia Legal Update: Incentives for Four-Wheeled Battery Electric Vehicles

Legal Update: Indonesia Takes Big Step Forward with New Revision of Electronic Information and Transactions Law

On January 2, 2024, Indonesian President Joko Widodo signed the second revision of Law No. 11 of 2008 regarding Electronic Information and Transactions (“EIT Law”). This new revision modifies existing clauses, introduces additional articles, and makes subtle changes to phrasing. These amendments generally broaden the scope of government oversight of Electronic System Providers (“ESPs”), facilitate Legal Update: Indonesia Takes Big Step Forward with New Revision of Electronic Information and Transactions Law

Indonesia Employment Law Update: New Supreme Court Guidance on Compensation Pay and Balance of Contract Pay for Fixed-Term Employees

On 29 December 2023, the Supreme Court issued a circular letter that employers in Indonesia should take note of, as it concerns compensation pay and balance of contract pay for fixed-term employees. Circular Letter No. 3 Year 2023 concerning the Implementation of the 2023 Supreme Court Meeting as a Guideline for the Role of Indonesian Indonesia Employment Law Update: New Supreme Court Guidance on Compensation Pay and Balance of Contract Pay for Fixed-Term Employees

Indonesia Employment Law Update: Amendment to Wages Regulation and Minimum Wage Regulation in Nusantara

On November 10, 2023, the Indonesian Government issued Government Regulation No. 51 of 2023 concerning Amendments to Government Regulation No. 36 of 2021 concerning Wages (“GR 51“). GR 51 provides certainty that there will be adjustments to the minimum wage every year, for both provincial minimum wages and district/city minimum wages. The adjustment is determined Indonesia Employment Law Update: Amendment to Wages Regulation and Minimum Wage Regulation in Nusantara

Renewable Energy Consumption, Policy and General Regulation – Indonesia

Until mid-2020, the share of renewable energy in Indonesia’s total primary energy supply had only reached 10.9 percent. Coal-fired power plants still dominate the supply of electrical energy in Indonesia, while renewable energy power plants account for 14.69 percent of the total national installed power generation capacity. Hydropower and geothermal power account for a majority Renewable Energy Consumption, Policy and General Regulation – Indonesia