Blog Category: Pembaruan Hukum

New Limitation on the Foreign Exchange Proceeds from the Export of Natural Resources

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On January 10, 2019, the Government of Indonesia (GOI) issued Government Regulation No. 1 of 2019 regarding Foreign Exchange Export Proceeds from the Business, Management, and/or Processing of Natural Resources (GR 1/2019). In essence, GR 1/2019 requires that foreign exchange export proceeds deriving from natural resources (DHE SDA) be deposited in special accounts (Special DHE … New Limitation on the Foreign Exchange Proceeds from the Export of Natural Resources

New Regulation on the Certification and Labeling of Telecommunications Equipment and Devices in Indonesia

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The Indonesian Minister of Communication and Informatics (“MOCI“) has issued a regulation that principally governs (i) the certification of telecommunications equipment and devices following the implementation of one-door licensing through the Online Single Submission (“OSS“) system, and (ii) product labelling requirements. MOCI Regulation No. 16 of 2018 regarding Operational Provisions for the Certification of Telecommunications … New Regulation on the Certification and Labeling of Telecommunications Equipment and Devices in Indonesia

Indonesia’s OJK Issues Regulation on Fit and Proper Test Reassessment

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The Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK“) has issued a regulation that sets the guidelines for a fit and proper reassessment of the primary parties of a financial services institution, including the scope, procedure, results and consequences of such reassessment. OJK Regulation No. 34/POJK.03/2018 regarding Fit and Proper Test Reassessment for the … Indonesia’s OJK Issues Regulation on Fit and Proper Test Reassessment

Indonesian Energy Ministry Issues Regulation on Rooftop Solar Power Systems

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The Indonesian government has issued rules for rooftop photovoltaic (PV) systems. Minister of Energy and Mineral Resources (MEMR) Regulation No. 49 of 2018 regarding the Utilization of Rooftop Solar Power Systems by Customers of PT Perusahaan Listrik Negara (Persero) (MEMR Regulation 49/2018) governs the general requirements and procedures for the installation of rooftop PV systems … Indonesian Energy Ministry Issues Regulation on Rooftop Solar Power Systems

Are Judicial Reviews for Industrial Relations Disputes Allowed Under New Rules?

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By Indrawan Dwi Yuriutomo and Vicky Karnadi The Indonesian Supreme Court (Mahkamah Agung) held a plenary meeting from November 1 – 3, 2018 in Bandung, in West Java province. The results of this meeting were rendered into Circular of the Supreme Court No. 3 of 2018 dated November 16, 2018 regarding Guidelines for the Role … Are Judicial Reviews for Industrial Relations Disputes Allowed Under New Rules?

Extraterritorial Scope of GDPR and Its Implications for Companies in Indonesia

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The intention behind the issuance of the General Data Protection Regulation (GDPR) is commendable: to standardize and simplify data protection legislation across all European Union countries, so that both EU citizens and businesses (involving EU citizens) can benefit and thrive in our borderless digital era. The aim of the GDPR is to give EU citizens … Extraterritorial Scope of GDPR and Its Implications for Companies in Indonesia

Implications of Foreign Ownership of Indonesian Companies

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This article was prepared by SSEK Legal Consultants and RHTLaw Taylor Wessing Indonesian investment law makes a clear distinction between locally-owned companies and foreign-owned companies. There is also a negative list (commonly referred to as the \"DNI‚Äù in Indonesian) which regulates the specific sectors that are open and closed to foreign investment. The DNI also … Implications of Foreign Ownership of Indonesian Companies

Indonesian Investment Stimulus – DNI Revision, New Business Sectors Opened to Foreign Capital

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In an effort to stimulate investment in Indonesia, the government announced on Friday, November 16, 2018, that it had launched the 16th Economic Policy Package, with the primary objective of relaxing investment-related regulations. There are three key points to this latest economic package: (i) the revision of the Negative Investment List (Daftar Negatif Investasi or … Indonesian Investment Stimulus – DNI Revision, New Business Sectors Opened to Foreign Capital

Indonesia Issues Regulation to Prioritize the Domestic Use of Crude Oil

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The Indonesian Minister of Energy and Mineral Resources has issued Regulation No. 42 of 2018 regarding the Prioritization of the Use of Crude Oil for the Fulfilment of Domestic Demand (MEMR Reg 42/2018), which came into effect on September 6, 2018. MEMR Reg 42/2018 was issued in response to the order by Indonesian President Joko … Indonesia Issues Regulation to Prioritize the Domestic Use of Crude Oil

PTs in Indonesia Told to Adjust Business Line Classifications

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The Indonesian Ministry of Law and Human Rights (“MOLHR”) and the Coordinating Ministry for Economic Affairs (“CMEA”) issued a joint announcement on October 11, 2018, which was published on the website of the Online Single Submission (“OSS”) system. According to the announcement, limited liability companies (Perseroan Terbatas or “PTs”) that were established or expanded their … PTs in Indonesia Told to Adjust Business Line Classifications