Blog Category: Pembaruan Hukum

Putting a Price on Emissions: Indonesian Government Plans to Impose Carbon Tax

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Indonesia, together with other countries, has submitted to the United Nations Framework Convention on Climate Change (UNFCCC) its post-2020 climate pledges to reduce global emissions, known as intended nationally determined contributions. Indonesia has signed the Paris Agreement and ratified it through Law No. 16 of 2016. Following this action, Indonesia submitted its nationally determined contributions … Putting a Price on Emissions: Indonesian Government Plans to Impose Carbon Tax

Real Estate in Indonesia – Pre-Contract

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The Indonesian Civil Code (ICC), as the regulatory foundation for contracts, does not regulate pre-contract documents, such as letter of intent, memorandum of understanding, term sheet or other non-binding agreements, although these are customary to be entered into by the transacting parties prior to executing a binding contract. Before signing a contract as part of … Real Estate in Indonesia – Pre-Contract

Indonesia’s Business Competition Body Issues New Regulation on Enforcement of Fines

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The Indonesian Business Competition Supervisory Commission (Komisi Pengawas Persaingan Usaha or “KPPU“) issued a regulation at the end of May 2021 on the enforcement of fines for monopolistic practices and unfair business competition. KPPU Regulation No. 2 of 2021 (“Regulation No. 2“) aims to provide certainty in the enforcement of administrative fines regulated under Government … Indonesia’s Business Competition Body Issues New Regulation on Enforcement of Fines

Fintech in Indonesia – AI and Distributed Ledger Technology

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Presently, there is no specific law or regulation in Indonesia that addresses the use of artificial intelligence, including robo-advice. However, artificial intelligence is mentioned in Financial Services Authority (OJK) Regulation No. 13/POJK.02/2018, dated 16 August 2018, regarding Digital Financial Innovation in the Financial Services Sector as one of the examples of digital financial innovation in … Fintech in Indonesia – AI and Distributed Ledger Technology

Indonesia Oil & Gas Regulation – Import/Export of Natural Gas

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Under Indonesian law, cross-border sales of natural gas can only be conducted if (i) the domestic need for natural gas has been fulfilled, (ii) there is insufficient domestic infrastructure, or (iii) domestic purchasing power is insufficient to satisfy the relevant gas field’s economics. Pursuant to Ministry of Energy and Mineral Resources (MEMR) Regulation No. 6 … Indonesia Oil & Gas Regulation – Import/Export of Natural Gas

Fintech in Indonesia – P2P and Marketplace Lending

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In Indonesia, loan agreements in a peer-to-peer lending platform are acknowledged and regulated. Based on Financial Services Authority (OJK) Regulation No. 77/POJK.01/2016 regarding Information Technology-Based Money Lending Services, dated 29 December 2016, there are two agreements in a peer-to-peer lending scheme:   an agreement between the provider of the peer-to-peer lending service (the provider of … Fintech in Indonesia – P2P and Marketplace Lending

COVID-19 Vaccines: Rights and Obligations of Employers and Employees Under Indonesian Law

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In April 2021, Indonesia’s Ministry of Health issued Minister of Health Regulation No. 10/2021 (“MOHR 10/21“) regarding vaccinations in the context of the COVID-19 pandemic. MOHR 10/21 provides that there are two types of vaccination programs, those being the official government Vaccination Program (Program Vaksinasi) and a private scheme called Mutual Cooperation Vaccinations (Vaksin Gotong Royong). … COVID-19 Vaccines: Rights and Obligations of Employers and Employees Under Indonesian Law