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Rantau Dedap Power Purchase Agreement Signed

November 2012. Press Releases by Lubis Ganie Surowidjojo (view listing).

On 14 November 2012 PT Supreme Energy Rantau Dedap, which is the project company of the consortium of Japan's Marubeni Corp, Indonesia’s PT Supreme Energy and France’s GDF Suez SA, signed a 30 year power purchase agreement with the Indonesian state-owned electricity utility company PT Perusahaan Listrik Negara (PLN) (Persero).

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Dr. Mohamed Idwan Ganie Recognized as a Leading Lawyer in Maritime & Shipping by Asialaw in 2012

May 2012. Press Releases by Lubis Ganie Surowidjojo (view listing).

Lubis Ganie Surowidjojo (LGS) is pleased to announce that our Managing Partner, Dr. Mohamed Idwan Ganie, has been recognized by Asialaw as a Leading Lawyer in Maritime & Shipping in 2012.

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Muara Laboh & Rajabasa Geothermal Power Purchase Agreements Signed and Government Guarantees Issued

March 2012. Press Releases by Lubis Ganie Surowidjojo (view listing).

On 2 March 2012 the Power Purchase Agreements (PPAs) for the Muara Laboh and Rajabasa geothermal power plants have been signed between the Indonesian state-owned electricity utility company PT Perusahaan Listrik Negara (PLN) (Persero) and the two project companies. The projects will be carried out by PT Supreme Energy Muara Laboh and PT Supreme Energy Rajabasa, on behalf of PT Supreme Energy, International Power (IPR - GOF SUEZ Asia) and Sumitomo Corporation.

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LGS Recognized as Insolvency Law Firm of the Year by Lawyer Monthly

December 2011. Press Releases by Lubis Ganie Surowidjojo (view listing).

Lubis Ganie Surowidjojo is pleased to announce that our insolvency and restructuring practice has been recognized by Lawyer Monthly Magazine with the award of Insolvency Law Firm of the Year for 2011 in Indonesia.

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Award for “Top Corporate & Commercial Law Firm

August 2011. Press Releases by Lubis Ganie Surowidjojo (view listing).

Award for “Top Corporate & Commercial Law Firm - Indonesia” in 2011 by InterContinental Finance Magazine

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Rofik Sungkar becomes a partner at Lubis Ganie Surowidjojo

July 2011. Press Releases by Lubis Ganie Surowidjojo (view listing).

Lubis Ganie Surowidjojo is pleased to announce that Rofik Sungkar has become the 7th partner of the Firm on 1 July 2011.

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LGS Open Recruitment

November 2010. Press Releases by Lubis Ganie Surowidjojo (view listing).

Lubis Ganie Surowidjojo has an acknowledged reputation for providing international and Indonesian companies with authoritative legal analysis on the most complicated business transactions. For our roles in a number of large scale projects over the years, we have received awards from, among others, the International Financial Law Review, named as Indonesia Deal Firm of the Year by Asian Legal Business in 2006, and recently nominated by Asian Legal Business in 2008 and 2009 as Indonesian Deal Firm of the Year.

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Batik Day at LGS

November 2010. Press Releases by Lubis Ganie Surowidjojo (view listing).

On Friday, 2nd October 2009, LGS Lawyers and Staff wore batik to celebrate UNESCO`s decision to recognize batik as an element of global cultural heritage from Indonesia.

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LGS HAS BEEN NAMED AS FIRM OF THE YEAR 2010 BY ASIAN-COUNSEL

October 2010. Press Releases by Lubis Ganie Surowidjojo (view listing).

Adding its outstanding record of legal practice, Lubis Ganie Surowidjojo (LGS) has been named as ‘Firm of the Year 2010' by the Pacific Business Press Asian-Counsel.

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'New Partners of the Firm Joined LGS Ranks'

September 2010. Press Releases by Lubis Ganie Surowidjojo (view listing).

Lubis Ganie Surowidjojo (LGS) has appointed Mr. Harjon Sinaga and Ms. Arisia Arundati Pusponegoro as Partners of the Firm in January and July 2009, respectively. The two partners have been included alongside the firm's four partners to lead the firm's over ninety lawyers.

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LGS Pioneers in Obtaining the Environmental Quality Management International Certification Standard

September 2010. Press Releases by Lubis Ganie Surowidjojo (view listing).

On April 2010, Lubis Ganie Surowidjojo (LGS) acquired the ISO 14001 : 2004 standard for environmental quality management system (EMS).

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Lubis Ganie Surowidjojo Represented Temasek Private Limited

September 2010. Press Releases by Lubis Ganie Surowidjojo (view listing).

Lubis Ganie Surowidjojo Represented Temasek Private Limited in its successful defense in Antitrust and Monopoly cases, Advised Bank Tabungan Pensiun Nasional in its Second Bond Issuance and Recapital Advisors in Acquisition of Bank Eksekutif

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Batik Day at LGS

November 2009. Press Releases by Lubis Ganie Surowidjojo (view listing).

On Friday, 2nd October 2009, LGS Lawyers and Staff wore batik to celebrate UNESCO`s decision to recognize batik as an element of global cultural heritage from Indonesia.

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LGS was nominated for two awards in the Asian Legal Business

November 2009. Press Releases by Lubis Ganie Surowidjojo (view listing).

The Asian Legal Business (ALB) in its recent publication announced the Asia’s largest law firms. The announcement was made on the basis of data as of June 2009.

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Legal Developments by:
Lubis Ganie Surowidjojo

  • New BKPM Regulation on Investment Licenses and Non-License Facilities

    Indonesia's Investment Coordination Board ("BKPM") issued Regulation No. 5 of 2013 on the Guide and Procedure of Investment Licenses and Non-Licenses (" Regulation 5/2013 "). The regulation replaces its predecessor Regulation No. 12 of 2009 (" Regulation 12/2009 ") and serves as the principal regulation that governs the procedure on investing in Indonesia and obtaining tax and other facilities. Regulation 5/2013 comes into force 30 working days after 12 April 2013. This newsletter will highlight important changes under Regulation 5/2013.
    - Lubis Ganie Surowidjojo

Legal Developments in Indonesia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New BKPM Regulation on Investment Licenses and Non-License Facilities

    Indonesia's Investment Coordination Board ("BKPM") issued Regulation No. 5 of 2013 on the Guide and Procedure of Investment Licenses and Non-Licenses (" Regulation 5/2013 "). The regulation replaces its predecessor Regulation No. 12 of 2009 (" Regulation 12/2009 ") and serves as the principal regulation that governs the procedure on investing in Indonesia and obtaining tax and other facilities. Regulation 5/2013 comes into force 30 working days after 12 April 2013. This newsletter will highlight important changes under Regulation 5/2013.
  • Implementation of the 40-30-20 Bank Ownership Rule

    In July 2012, Bank Indonesia issued Regulation No. 14/8/PBI/2012 on Shareholding in Retail Banks (" Regulation "). The Regulation caps single ownership in a retail bank for banks, non-bank entities, and individuals at 40-30-20% respectively (the so-called "40-30-20 Rule"). BI issued the Regulation as part of its policy to break up concentrated shareholding, diversify shareholders and improve bank governance.
  • REDD+ Implementation and Deforestation Moratorium Status

    Efforts to implement REDD+ in Indonesia first began with President Susilo Bambang Yudhoyono’s speech at the G20 Leaders Summit in Pittsburgh, USA on 25 September 2009, to reduce emissions from LULUCF (Land Use, Land Use Change and Forestry) by 26% by 2020 and by 41% with international support. The President’s commitment to reduce emissions was followed by Letter of Intent between the Government of the Republic of Indonesia (“GoI”) and the Government of the Kingdom of Norway on Cooperation on Reducing Greenhouse Gas Emissions from Deforestation and Forest Degradation (“LoI”), signed on 26 May 2010. This LoI also includes partnership to implement REDD+ and financial contribution from Norway to finance the efforts of REDD+ implementation in Indonesia.
  • Sarulla Business Viability Guarantee Issued

    On 11 April 2013 the Ministry of Finance issued a Business Viability Guarantee Letter (BVGL) for the Sarualla geothermal power project company pursuant to Minister of Finance Regulation No. 139/PMK.011/2011 on PLN’s Business Viability. Following the signing of the Energy Sales Contract (ESC) and Joint Operation Contract (JOC) on April 4 this allows the Sarulla project to proceed with implementation, having been initiated on 27 February 1993 but later stalled due to the 1997 financial crisis.
  • Latest Banking Law Draft

    The DPR is currently discussing the Draft Banking Law (“Draft Law”), which will repeal the current Banking Law (Law No. 7 of 1992 as amended by Law No. 10 of 1998 “Banking Law”) upon enactment. The most important changes that the Draft Law will introduce are:
  • Green Shoe Option Concept in Indonesian IPOs

    A . Introduction
  • Acquittal in an AGO-prosecuted Corruption Case Sets Out the Limits of the Law

    The Jakarta Corruption Court, a court of first instance for corruption crimes, acquitted former Merpati Airlines Director Hotasi Nababan of corruption charges. Mr. Nababan was charged over an aircraft lease agreement that went awry. Under the agreement, Merpati leased two airplanes from a US-based corporation - the two aircraft were never delivered despite Merpati having paid the security deposit. At this time, the Attorney General’s Office (AGO) has decided to appeal the decision.
  • Indonesia Under Review - March 2013

    Politics
  • US IRSs FATCAs Effects on Indonesian Financial Institutions

    What Is FATCA?
  • New Bank Indonesia Regulation on Customer Due Diligence

    Bank Indonesia has issued Regulation No. 14/27/PBI/2012 (“PBI 14/2012”) on the Implementation of the Anti Money Laundering and Prevention of Terrorism Funding for Banks to replace Bank Indonesia Regulation No. 11/28/PBI/2009. PBI 14/2012 was issued on 28 December 2012, with immediate effect, and applies to commercial banks, sharia banks and branches of foreign banks.