The key laws governing foreign investment in Indonesia are: Law No. 25 of 2007 regarding Investment (26 April 2007). Government Regulation Number 24 of 2018 on Electronically Integrated Business Licensing Services (21 June 2018). Presidential Regulation No. 44 of 2016 on List of Business Fields that Are Closed and Business Fields that Are Open … Investing in Indonesia – Overview of Legal System
By Rusmaini Lenggogeni The principal form of corporate/business organization that applies in Indonesia is a limited liability company. However, there are other forms of business organizations such as cooperatives, representative offices and partnerships. Sources of Corporate Governance Requirements Since corporate organizations in Indonesia largely take the form of a limited liability company, corporate governance in … Corporate Governance in Indonesia
The COVID-19 outbreak in Indonesia has disrupted almost all aspects of life in the country. Numerous regulations have been issued in response to the outbreak, affecting the way companies do business. SSEK Legal Consultants is closely monitoring events and providing regular updates on regulatory changes to help companies navigate these difficult times. Find our discussion … COVID-19 and Indonesia – Legal Updates
The main business vehicles in Indonesia are legal entities and business entities. In a legal entity, there is a separation between the assets of the founder(s) and that of the established entity, which is not the case in a business entity. Establishing a legal entity requires the approval of several government entities, while establishing a … Establishing a Business in Indonesia – Business Vehicles
The Indonesian government initially adopted a conservative and relatively traditional approach to regulating internet-based activities. Prior to 2008, there was no legislation or guidelines in Indonesia that regulated the internet and how electronic information was offered and consumed, for both commercial and non-commercial purposes. In the five to seven years before 2008, Indonesia experienced the … E-commerce in Indonesia – Legal and Regulatory Framework
Purchasing shares in a company, either from a selling shareholder or from the company itself, is the most common type of share acquisition in Indonesia. Asset acquisitions are also becoming more common for individuals acquiring business units. Other methods include mergers or amalgamations, where the target company may be dissolved into the surviving company and … Corporate M&A in Indonesia – Overview of Regulatory Field
By Rusmaini Lenggogeni The Indonesian Government has taken several measures to respond to the COVID-19 pandemic. The main measure was the enactment of Government Regulation in lieu of Law No. 1 of 2020 regarding the State\'s Finance Policy and Financial Stability to Manage COVID-19 and/or in the Framework of Averting Threats to the National Economy … Impact of COVID-19 on Corporate Governance in Indonesia
By Denny Rahmansyah and Mahareksha Singh Dillon The COVID-19 pandemic has caused more economic harm to Indonesia than the subprime mortgage crisis in 2008. As part of efforts to check the spread of the virus, the Indonesian government has implemented a policy of Large-Scale Social Restrictions (Pembatasan Sosial Berskala Besar or \"PSBB‚Äù), requiring most businesses … Indonesian Bankruptcy and PKPU Proceedings in a Time of COVID-19
According to reports and anecdotal evidence, many players in the Indonesian upstream oil and gas industry consider the latest form of Production Sharing Contract (“PSC“) using the gross split mechanism less attractive than the cost recovery PSC. So, in an effort to attract new investors and maintain existing investors, the Minister of Energy and Mineral … Indonesian Government Grants Flexibility for Use of Gross Split and Cost Recovery PSCs
Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK“) has issued OJK Regulation No. 41/POJK.04/2020 regarding the Implementation of Electronic Securities Offerings in the Form of Equity Securities, Debt Securities and/or Sharia Bonds (July 2, 2020) (“Regulation“). The Regulation stipulates that offerings of equity securities, debt securities and sharia bonds be done electronically, with the … Going Online: Indonesia’s OJK Establishes Mechanism for Electronic Securities Offering
