Blog Category: Pembaruan Hukum

Diving into GR 30/2024: Water Resources Usage and Licensing for Companies in Indonesia

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Indonesia’s new Government Regulation No. 30 of 2024 regarding Water Resource Management (“GR 30/2024“), issued on August 14, 2024, seeks to establish a comprehensive framework for sustainable water resource management, aimed at protecting water resources while supporting productive use. The scope of resources covered includes surface water (from rivers, coasts, etc.) and groundwater. GR 30/2024 … Diving into GR 30/2024: Water Resources Usage and Licensing for Companies in Indonesia

Energy Transition in Indonesia

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The Indonesian government expects geothermal, hydropower and bioenergy to be among the primary energy sources in Indonesia from 2015 until 2050, as outlined in Presidential Regulation No. 22 of 2017 regarding the National Energy General Plan (PR 22/2017). PR 22/2017 also aims to increase the share of renewable energy in the energy supply mix from … Energy Transition in Indonesia

Indonesia Government Regulation Looks to Attract Investors to IKN with Improved Incentives

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In 2023, the Indonesian government issued Government Regulation No. 12 of 2023 regarding the Issuance of Business Licenses, Ease of Doing Business, and Investment Facilities for Business Actors Within the Capital City of Nusantara (Ibu Kota Nusantara or “IKN”) (“GR 12/2023”) to attract investors to invest and do business in IKN and areas of Kalimantan … Indonesia Government Regulation Looks to Attract Investors to IKN with Improved Incentives

Ship Collision and Salvage in Indonesia

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Indonesia has ratified the 1972 International Regulations for Preventing Collisions at Sea, by way of Presidential Decree No. 50 of 1979, but has not ratified the Convention for the Unification of Certain Rules of Law with respect to Collisions between Vessels. Liability in the event of ship collisions is also regulated by the Indonesian Commercial … Ship Collision and Salvage in Indonesia

Indonesia Legal Update: New OJK Regulation on Insurance Products and Marketing

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A new Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) regulation set to come into effect shortly will affect the products and marketing of insurance companies in Indonesia. OJK Regulation No. 8 of 2024 regarding Insurance Products and Marketing Channels for Insurance Products (“OJK Reg. 8/2024”) was stipulated on April 25, 2024, and will … Indonesia Legal Update: New OJK Regulation on Insurance Products and Marketing

Regulating the Promotion or Use of Cryptoassets in Indonesia

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The crypto industry in Indonesia falls under the auspices of the Commodity Futures Trading Regulatory Agency (Bappebti), under the Ministry of Trade (MOT) and in coordination with other institutions such as the Financial Services Authority (OJK), Bank Indonesia (BI) and the Ministry of Communication and Informatics (MOCI). The MOT has acknowledged cryptoassets, including but not … Regulating the Promotion or Use of Cryptoassets in Indonesia

Corporate Governance in Indonesia: Management of a Company

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Indonesia’s Company Law (Law No 40 of 2007 regarding Limited Liability Companies, as last amended by the provisions of the Job Creations Law) recognizes three primary bodies within the corporate structure of Indonesian companies: the board of directors (BOD), the board of commissioners (BOC), and the general meeting of shareholders (GMS). Each of these principal … Corporate Governance in Indonesia: Management of a Company