- Latin America
- United Kingdom - Solicitors
- United Kingdom - The Bar
- United States
- What is the GC Powerlist?
- How to nominate in-house counsel
- Australia/New Zealand
- Asia Pacific
- Latin America
- Middle East
- United Kingdom
- United Kingdom Teams
- United Kingdom - Rising Stars
- United States
- United States - Rising Stars
- United States Teams
- Client Intelligence Report
- Up in the air
- Bridging the Gulf
- Litigation and regulatory challenges in financial services
- AI and the law tools of tomorrow
- Scottish GCs
- North West clients
- Pan-Europe bribery crackdown
- Arbitration backing Africa's investment boom
- Gaining access to North Africa
- Anti-corruption in Asia
- Business thinking
- In-house management
- Career path
- Legal perspective
- Big picture
- In discussion
- Interrogating value
- GC interviews
- Our great leader: unravelling the process of choosing the right candidate for the top job
- The promised land? Big data and
the in-house lawyer
- Law: a risky business?
- Playing to your strengths: building diversity of thought into business
US Special Edition Downloadable PDF
- Dissenting perspectives
- Developments in Panama
- The international arbitration summit
- The Global 100 debate - Chasing Alpha
- Cyber security
- North Africa - through the gate
- North West Clients
- Scottish GCs
- The Global London debate
- Law firm leaders
- Cyber in-security
- Legal Business commercial litigation summit
- Funding disputes
- GC Powerlist roundtable - Germany
- GC roundtable - talent management
- GC Powerlist roundtable - Brazil
Share this page
- Legal market overview
- Banking and finance
- Capital markets
- Corporate and M&A
- Dispute resolution
- Foreign firms
- Intellectual property
- Projects and energy
- Real estate
- Restructuring and insolvency
- Bosnia and Herzegovina
- British Virgin Islands
- Cayman Islands
- Costa Rica
- Czech Republic
- Dominican Republic
- El Salvador
- Hong Kong
- Ivory Coast
- Latin America: International firms
- New Zealand
- Saudi Arabia
- South Africa
- South Korea
- Sri Lanka
- United Kingdom
- United Arab Emirates
- United States
Market activity picked up considerably following the 2014 presidential election, most notably within the transactional and finance spaces. The areas of corporate and M&A, projects and shipping have seen a lot of joint venture work, and there is increased interest in the insurance and telecoms markets.
Indonesia continues to be an attractive hub for foreign investment, though the newly introduced regulatory changes have resulted in a more cautious approach from investors. Most notably, the rapid growth of the transactional market has been affected by the mandatory use of the Rupiah in all Indonesian transactions and the ban on the export of unprocessed minerals.
The energy sector has continued to flourish, and despite the notable drop in commodity prices over the past year, the extractive industry still generates a significant proportion of the national revenue. The new government has heavily increased its focus on infrastructure, and the education and healthcare sectors have also been subject to investment.
Major local and foreign firm alliances include Hadiputranto, Hadinoto & Partners, a member firm of Baker & McKenzie, Ginting & Reksodiputro in association with Allen & Overy, and Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills, and a number of newly formed ties have been established in the past 12 months. Key local independent firms include Assegaf Hamzah & Partners, Ali Budiardjo, Nugroho, Reksodiputro and SSEK Legal Consultants.
Firms in the spotlight
GC Powerlist -
Australia and New Zealand
GC Magazine -
The Legal 500 Asia Pacific - Insight reports
Search News and Articles
The President’s Office has issued Presidential Regulation No. 38 of 2015 on the Cooperation Between the Government and Business Entities in the Provision of Infrastructure (“PR No. 38/2015”). PR No. 38/2015 replaces the previous Presidential Regulation on the same issue, Presidential Regulation No. 67 of 2005 as last amended by Presidential Regulation No. 66 of 2013.
Indonesia’s monetary authority, Bank Indonesia, has issued regulation No. 17/3/PBI/2015 on the Requirement to Use Rupiah Within the Territory of the Republic of Indonesia (the “BI Regulation”). The BI Regulation serves as an implementing regulation to Law No. 7 of 2011 on Currency (the “Currency Law”). Bank Indonesia issued the regulation with a view of easing the pressure on the declining rupiah.
by Saudaranta Tarigan , Senior Associate, and Narada Kumara , Junior Associate
by Tony Budidjaja , Managing Principal
By Diana Kusumasari , Senior Associate
Indonesia's House of Representatives is currently considering a new draft banking bill (the Banking Bill ) which, if passed into law in its current form, will:
he House of Representatives ("DPR") recently passed the bill on Insurance. The provisions of the bill will come into force after the president assents to it or at any rate within 30 days of its passage at the DPR. The 2014 Insurance Law will replace Law No. 2 of 1992 on Insurance. Within Indonesia's legislative structure the Insurance Law regulates insurance businesses, core insurance concepts however are largely left to the Civil and Commercial Codes.
On 16 September 2014 the House of Representative revoked Law No. 19 of 2002 (" Old Copyright Law ") with the Bill on Copyright, which will become law and receive a number upon the earliest of being signed by the President or 30 days (" New Copyright Law "). The New Copyright Law is an effort from the lawmakers to protect the economic and moral rights of creators and owners as the essential element in the development of national creativity.
Negative Investment List
The Government has issued Presidential Regulation No. 39 of 2014 (PR 39/2014), which sets out the new negative investment list containing the business sectors that are closed or are partially open to foreign and domestic investment. The new negative investment list will replace the previous list under PR 36/2010, with a view of integrating Indonesia's economy to ASEAN, as well as accelerating development in the regions.
Pitmans has advised Premier Marinas Limited on its acquisition of Noss Marina, which is just outside Dartmouth, from the Administrators Duff & Phelps.
Following last year’s autumn statement, HMRC has now published draft legislation which introduces the proposed new apprenticeship levy. The levy will have effect from 6 April 2017.
The Department of Justice has issued a practice direction in connection with the new insolvency express trials pilot.
Many businesses will be liable for increased business rates following last year’s Supreme Court ruling in Woolway (Valuation Officer) v Mazars LLP.
Pitmans LLP has acted on behalf of its longstanding client, Westcoast (Holdings) Limited on its acquisition of Art Systems Holdings Limited.
The management team were backed by Maven Capital Partners with PNC providing debt facilities.
Pitmans today announced that Oliver Kelly (corporate) and Matt Heyworth (private client) will become partners as of 1 May 2016.
SOUTHAMPTON -- LV=, represented by Pitmans LLP, have won a case involving a fraudulent household insurance claim worth almost £50,000.
VEGAS LEX Manager of Life sciences projects Maria Borzova has discussed recent legislative initiatives relating to the compulsory licensing of medicines in her presentation at the first meeting of Pharm Salon.
In cases involving M&A transactions, a detailed evaluation of the economic risks and opportunities as well as the associated legal issues is indispensable.