In Indonesia, parties may challenge an arbitral award in very limited and specific circumstances, as arbitral awards are generally considered final and binding. However, parties are given the opportunity to file a request to annul a domestic arbitration award if there are grounds to suspect that the award involves any of the following elements. … Arbitration in Indonesia: When Can an Award Be Annulled or Refused?
Generally, remedies for parties that suffer from intellectual property rights infringement are claims for damages and cessation of the unlawful act by the infringer. These claims are to be filed with the commercial courts, except for claims related to the infringement of trade secrets and plant variety protection, which are to be filed with the … IP Infringement in Indonesia: Legal Remedies and Criminal Sanctions Explained
The Indonesian Ministry of Law has issued Regulation No. 2 of 2025 on the Verification and Supervision of Beneficial Owners of Corporations (“MOL Regulation No. 2/2025“), which came into force on February 4, 2025. It replaces Ministry of Law and Human Rights Regulation No. 21 of 2019. With stricter compliance requirements, enhanced verification procedures, and … New Regulation Strengthens Beneficial Ownership Reporting in Indonesia
On December 18, 2024, Indonesia took a step toward modernizing its export customs system with the issuance of Director General of Customs and Excise (“DGCE“) Regulation No. 22/BC/2024 (“DGCE Regulation 22/2024“). Effective March 18, 2025, this regulation replaces DGCE No. 21/BC/2018 (“DGCE Regulation 21/2018”) and its amendment, DGCE No. 7/BC/2020 (“DGCE Regulation 7/2020”). DGCE Regulation … Indonesia’s New Export Customs Rules: What DGCE Regulation 22/2024 Means for Businesses
With its vast CO₂ storage potential, Indonesia is positioning itself as a key player in global carbon capture and storage (“CCS”) efforts. Recognizing the need for clear regulations, the Government introduced Presidential Regulation No. 14 of 2024 (“PR 14/2024”), establishing a legal framework for CCS activities. This regulation outlines two distinct CCS schemes: one within … New Implementing Regulation in Indonesia on Carbon Capture Storage Activities in Licensed Areas
As of January 10, 2025, regulatory and supervisory authority over crypto assets in Indonesia has officially transferred from the Indonesian Commodity Futures Trading Supervisory Body (Badan Pengawas Perdagangan Berjangka Komoditi or “Bappebti”) to the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”). The transfer was mandated by Government Regulation No. 49 of 2024 regarding Transfer … From Bappebti to OJK: Indonesia’s Crypto Regulation Just Changed
SSEK Law Firm has contributed Indonesia updates to the latest Global Guide Quarterly: Labor and Employment Law Updates from Around the Globe. The guide is organized and published by Littler Mendelson P.C., a global law firm that specializes in labor and employment law. Global Guide Quarterly (GGQ) provides high-level and concise coverage of global labor … Employment Law Updates from Indonesia and the World
SSEK Law Firm partner Denny Rahmansyah and associate Axel Cross have contributed a Q&A guide to Construction and Projects in Indonesia. This guide provides an overview of construction and projects law and practice in Indonesia. It discusses, among other topics, the use of standard forms of contracts, the allocation of risks, and summarizes the legal … Construction and Projects in Indonesia – Practical Law Guide
On December 24, 2024, Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued a regulation aimed at improving the oversight and operational framework for peer-to-peer (“P2P”) lending platforms in the country (“P2P Organizers”). This new regulation is OJK Regulation No. 40 of 2024 regarding Information Technology-Based Co-Funding Services (“OJK Reg. 40/2024”), which supersedes OJK … Strengthening Indonesia’s Financial Sector: Key Impacts of OJK Regulation No. 40/2024 on IT-Based Co-Funding Services
The Government of Indonesia announced in December 2024 that Value Added Tax (“VAT”) would increase on January 1, 2025, as a follow-up of Law No. 7 of 2021 regarding the Harmonization of Taxation Regulations. As promised, on December 31, 2024, the Minister of Finance issue Regulation No. 131 of 2024 regarding the Treatment of Value-Added … Indonesia Tax Law: Imposition of 12% VAT
