395 results found

Indonesia's Ministry of Energy and Mineral Resources has issued a new decree that significantly restricts mining license holders from using affiliated contractors and mandates priority for local mining services providers. The regulation introduces a beneficial ownership test to determine affiliate relationships and limits approvals to companies carrying out government assignments, potentially reshaping contractor selection practices across the Indonesian mining sector.

Regarding the above requirements, it is important that all business actors and their respective business entities comply with the Anti Competition laws and regulations to prevent being suspected of MPUBC.

Q: Could you provide an overview of the antitrust authority in your jurisdiction? What are its powers and scope of work in relation to merger control?

What is the legal definition of "franchise" pursuant to the relevant laws and regulations in your jurisdiction? Does your jurisdiction provide specific definition for "franchise"?

Indonesia's Draft Broadcasting Bill proposes sweeping changes to digital content regulation, requiring platforms like OTT and UGC services to register with authorities and implement comprehensive content moderation systems.

Indonesia's central bank, Bank Indonesia ("BI"), has issued several regulations that reform the legal framework for payment systems in Indonesia.

The Financial Services Authority (Otoritas Jasa Keuangan or "OJK") has introduced new rules concerning material transactions and changes of main business activities by public companies in Indonesia.

Indonesia is strengthening its efforts to achieve Indonesia's Net Zero Emission by 2060. In August 2023, the Financial Service Authority issued OJK Regulation No. 14 of 2023 on Carbon Trading Through Carbon Exchange ("OJK Reg 14/2023").

This article is the first in CNPUpdate's new Indonesia Investment Updates series and aims to provide you with a general overview and the laws and regulations governing foreign investments into Indonesia.

As mandated under Law Number 4 of 2023 on Development and Strengthening of the Financial Sector ("P2SK Law") the insurance industry, the Government requires, among others; minimum capital, sharia industry spin-offs.

The Government of Indonesia ("GOI") is continuing its policy of reforming state-owned enterprises (Badan Usaha Milik Negara or "BUMN"). Global competition requires that BUMNs should compete with the private sector. Since the 2003 enactment of Law No. 19 of 2003 Regarding State-owned Enterprises (the "BUMN Law"), many efforts have been made to tighten up the organization of BUMNs, including implementation of good corporate governance and a program to privatize and restructure BUMNs to make them

A stock split ("SS") is where a company subdivides its shares by splitting 1 share into 2 or more shares based on an agreed ratio. This results in an increase of the number...

The Financial Service Authority ("OJK") recently issued OJK Regulation No. 10/POJK.05/2022 dated July 4, 2022 on Information Technology Based Collective Financing Services ("POJK 10/2022").

For companies engaged in import activities, compliance with Indonesian import requirements extends beyond business licensing and customs formalities. Importers must also comply with specific technical requirements applicable to certain types of products entering Indonesia.

A PMA Company is a Limited Liability Company that is established by foreign investors (may also involve Indonesian investors).

There have been at least three significant developments in Indonesia in the past three years related to M&A transactions.

Indonesia is an attractive destination for investors and/or persons looking to expand their businesses or implement non-profit activities. This is due to one crucial and overall factor.