ArticleCorporate Governance In Indonesia - February 19, 2020Corporate 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 LawSSEK Law Firm
ArticleCourt Nullifies English Language ContractOn 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 LawAKSET Law
ArticleUpdates On Indonesia Business Licensing: Introduction To Indonesia Standard Business Classification 2020On 24 September 2020, the Indonesia Government has issued an updated Indonesia Standard Business Classification/Klasifikasi Baku Lapangan Usaha Indonesia ("KBLI"). IndonesiaCorporate/Commercial LawNusantara Legal Partnership
ArticleBeneficial Ownership – Implementation, Supervision And SanctionsIf 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 LawHerbert Smith Freehills Kramer LLP
ArticleImpact Of COVID-19 On Corporate Governance In IndonesiaThe 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'sIndonesiaCorporate/Commercial LawSSEK Law Firm
ArticleIndonesia 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 LawSSEK Law Firm
ArticleIndonesia Quarterly Regulatory UpdatesWe 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 LawNusantara Legal Partnership
ArticleIndonesia Ranked The Second Most Complex Place For Business Compliance In The WorldIndonesia 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 LawTMF Group BV
ArticleNew Mechanism And Procedures For Investment Principle License Application For Consultation Service Business SectorsOn 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 LawBudidjaja International Lawyers
ArticleReal Estate Investment Vehicles In IndonesiaFor domestic investors, Indonesian law recognizes various corporate vehicles.IndonesiaCorporate/Commercial LawSSEK Law Firm
ArticleGeneral 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 LawNusantara Legal Partnership
ArticleOJK Re-Regulates Venture Capital BusinessOn 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 BankingAKSET Law
ArticleImplications Of Foreign Ownership Of Indonesian CompaniesForeign investors have long used nominee arrangements to participate in industries on which the DNI imposes foreign equity restrictions. IndonesiaGovernment, Public SectorSSEK Law Firm
ArticleIndonesia Waives Copyright Registration Fees For Songs And MusicIndonesia 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 PropertyRouse
ArticleCross-Border Dispute Management: Focus On IndonesiaIndonesia's legal system is primarily rooted in the civil law tradition, with significant influence from Dutch colonial law. IndonesiaLitigation, Mediation & ArbitrationSSEK Law Firm
ArticleIntroduction Of Indonesia Sovereign Wealth Fund – DanantaraThe 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 ManagementNusantara Legal Partnership
ArticleNew 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 LawMakarim & Taira S.
ArticleE-GMS – What We Know So FarAs 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 LawAssegaf Hamzah & Partners
ArticleDoes 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...IndonesiaInsuranceSSEK Law Firm
ArticleWhy Certified Lighters Matter: New Indonesian Standards And Industry ComplianceOn 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...IndonesiaComplianceSSEK Law Firm