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  • Article

    Corporate Governance In Indonesia - February 19, 2020

    Corporate governance is slowly but surely being implemented in Indonesia. The typical form of corporate/business organisation in Indonesia is a limited liability company...
    IndonesiaCorporate/Commercial Law
    SSEK Law Firm
    SSEK Law Firm
  • Article

    Court Nullifies English Language Contract

    On June 20, 2013, the District Court of Jakarta Barat nullified a Loan Agreement executed only in English, concluding that contracts involving Indonesian parties must be written in Bahasa Indonesia, under Decision No. 451/Pdt.G/2012/PNJkt.Bar.
    IndonesiaCorporate/Commercial Law
    AKSET Law
    AKSET Law
  • Article

    Updates On Indonesia Business Licensing: Introduction To Indonesia Standard Business Classification 2020

    On 24 September 2020, the Indonesia Government has issued an updated Indonesia Standard Business Classification/Klasifikasi Baku Lapangan Usaha Indonesia ("KBLI").
    IndonesiaCorporate/Commercial Law
    Nusantara Legal Partnership
    Nusantara Legal Partnership
  • Article

    Beneficial Ownership – Implementation, Supervision And Sanctions

    If you only hold minority shares in a company, can you be considered a beneficial owner of that company from an Indonesian regulatory perspective?
    IndonesiaCorporate/Commercial Law
    Herbert Smith Freehills Kramer LLP
    Herbert Smith Freehills Kramer LLP
  • Article

    Impact Of COVID-19 On Corporate Governance In Indonesia

    The Indonesian Government has taken several measures to respond to the COVID-19 pandemic. The main measure was the enactment of Government Regulation in lieu of Law No. 1 of 2020 regarding the State's
    IndonesiaCorporate/Commercial Law
    SSEK Law Firm
    SSEK Law Firm
  • Article

    Indonesia Omnibus Law – Simplification Of Business Licensing And Investment Requirements

    (13 November 2020) Indonesia's closely watched omnibus jobs creation bill recently became law. The stated aim of Law No. 11 Year 2020 on Jobs Creation (the "Omnibus Law")
    IndonesiaCorporate/Commercial Law
    SSEK Law Firm
    SSEK Law Firm
  • Article

    Indonesia Quarterly Regulatory Updates

    We provide herein our executive summary of 20 newly enacted regulations from various sectors in Indonesia, which have been enforced since 1 October – 31 January 2022.
    IndonesiaCorporate/Commercial Law
    Nusantara Legal Partnership
    Nusantara Legal Partnership
  • Article

    Indonesia Ranked The Second Most Complex Place For Business Compliance In The World

    Indonesia has been ranked the second most complex place for multinationals to stay compliant with corporate regulation and legislation during 2015, according to TMF Group's Global Benchmark Complexity Index.
    IndonesiaCorporate/Commercial Law
    TMF Group BV
    TMF Group BV
  • Article

    New Mechanism And Procedures For Investment Principle License Application For Consultation Service Business Sectors

    On 15 July 2015, the Indonesian Capital Investment Coordination Board issued a circular letter on a new mechanism and procedures for Principle License applications, aimed particularly at businesses in consulting services.
    IndonesiaCorporate/Commercial Law
    Budidjaja International Lawyers
    Budidjaja International Lawyers
  • Article

    Real Estate Investment Vehicles In Indonesia

    For domestic investors, Indonesian law recognizes vari­ous corporate vehicles.
    IndonesiaCorporate/Commercial Law
    SSEK Law Firm
    SSEK Law Firm
  • Article

    General Overview On The Second Amendment Of EIT Law: To What Extent Its Transformations?

    The issuance of Law No. 11 of 2008 on Electronic Information and Transactions which was then amended by Law No.19 of 2016 (together as "EIT Law")...
    IndonesiaCriminal Law
    Nusantara Legal Partnership
    Nusantara Legal Partnership
  • Article

    OJK Re-Regulates Venture Capital Business

    On December 28, 2015, the Financial Services Authority issued new regulations governing venture capital business, which was previously regulated by the Ministry of Finance,
    IndonesiaFinance and Banking
    AKSET Law
    AKSET Law
  • Article

    Implications Of Foreign Ownership Of Indonesian Companies

    Foreign investors have long used nominee arrangements to participate in industries on which the DNI imposes foreign equity restrictions.
    IndonesiaGovernment, Public Sector
    SSEK Law Firm
    SSEK Law Firm
  • Article

    Indonesia Waives Copyright Registration Fees For Songs And Music

    Indonesia has eliminated copyright registration fees for songs and musical works, reducing costs from $11 to zero in an effort to build a comprehensive national music database. While the policy is expected to significantly benefit domestic copyright owners by encouraging active registration, foreign rights holders may see limited practical advantages as they continue to face enforcement challenges in the country.
    IndonesiaIntellectual Property
    Rouse
    Rouse
  • Article

    Cross-Border Dispute Management: Focus On Indonesia

    Indonesia's legal system is primarily rooted in the civil law tradition, with significant influence from Dutch colonial law.
    IndonesiaLitigation, Mediation & Arbitration
    SSEK Law Firm
    SSEK Law Firm
  • Article

    Introduction Of Indonesia Sovereign Wealth Fund – Danantara

    The Indonesian government announced on 24 February 2025, the establishment of a new Indonesian Sovereign Wealth Fund ("SWF") named, Daya Anagata Nusantara ("Danantara"), a super holding company that will manage assets of Indonesia's State-Owned Enterprise.
    IndonesiaWealth Management
    Nusantara Legal Partnership
    Nusantara Legal Partnership
  • Article

    New Franchise Regulation 53 Issued to prevent "monopoly"

    Regulation 53 prohibits franchisors appointing franchisees with whom there is a direct or indirect control relationship.
    IndonesiaCorporate/Commercial Law
    Makarim & Taira S.
    Makarim & Taira S.
  • Article

    E-GMS – What We Know So Far

    As the Covid-19 outbreak is showing no sign of slowing down, governors in certain provinces in Indonesia have begun to initiate social restriction policies. Particularly for DKI Jakarta, ...
    IndonesiaCorporate/Commercial Law
    Assegaf Hamzah & Partners
    Assegaf Hamzah & Partners
  • Article

    Does National Insurance Requirement Mean Rough Seas For Coal Shipments?

    A recently published surveyor report (laporan surveryor) on Indonesian coal exports noted that as of March 2019, of 1,095 coal shipments...
    IndonesiaInsurance
    SSEK Law Firm
    SSEK Law Firm
  • Article

    Why Certified Lighters Matter: New Indonesian Standards And Industry Compliance

    On October 15, 2024, Indonesia issued Minister of Industry Regulation No. 51 of 2024 ("MOI Reg 51/2024"), introducing updated safety standards for lighters under the Indonesian...
    IndonesiaCompliance
    SSEK Law Firm
    SSEK Law Firm

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