GlobeAsia - Shamim Razavi - new legislative and regulatory changes

In an article written for the November issue of business magazine GlobeAsia, Senior Foreign Counsel Shamim Razavi discusses the legislative changes introduced by Indonesia's new government and looks back at other recent regulatory developments in Indonesia.

This article has been reproduced with permission of GlobeAsia.

Parsing Legislation

In the last days of the outgoing parliament, a raft of new measures were announced and enacted in a sudden flurry of legislative activity – particularly laws in the banking, insurance and plantation sectors.

When first proposed, these laws often had a distinctly nationalistic flavour - reducing the maximum foreign ownership in key sectors – and it was this aspect which initially caught the attention of the media and investors.