ArticleRegulation on Minimum Capital Requirement for Commercial Banks revisedThis regulation also requires the minimum capital requirement to be determined on a percentage of risk weighted assets.IndonesiaFinance and BankingMakarim & Taira S.
ArticleCourt Annuls Water Supply ContractIn the verdict, presiding judge Iim Nurohim declared that the defendants had been negligent in respecting Jakarta residents' right to water. IndonesiaEnergy and Natural ResourcesMakarim & Taira S.
ArticleGood practices product certification for processed food in IndonesiaThe Procedure for the Certification of Good Manufacturing Practices will ensure compliance with processed food standards.IndonesiaFood, Drugs, Healthcare, Life SciencesMakarim & Taira S.
ArticleRegulation on the Duties and Structure of SKK Migas - Oil & Gas law in IndonesiaThe Minister of Energy and Mineral Resources recently issued a regulation on the duties and structure of SKK Migas.IndonesiaEnergy and Natural ResourcesMakarim & Taira S.
ArticleOJK re-regulates fit and proper test requirements for non-banking financial servicesTo unify fit and proper test requirements for non-banking financial services, OJK issued Regulation No. 4/POJK.05/2013.IndonesiaFinance and BankingMakarim & Taira S.
ArticleMuch anticipated new BKPM regulation on permit and non-permit investment guidelines and proceduresReg. 5/2013 reduces the registration procedure as there is no longer a requirement to apply for Investment Registration.IndonesiaGovernment, Public SectorMakarim & Taira S.
ArticleDraft Bill on The Insurance BusinessA new law on insurance is expected to be passed by the House and will replace the 1992 Law.IndonesiaInsuranceMakarim & Taira S.
ArticleDelegation Of Authority To Issue Transportation Business LicensesLicenses issued before Regulation 3/2015 came into force remain valid until they expire. The Regulation has been in force since 7 January 2015.IndonesiaTransportMakarim & Taira S.
ArticleThe Latest Draft Oil and Gas Bill in IndonesiaThe article discusses some features of the draft bill on oil and gas, which is one of the most anticipated regulations.IndonesiaEnergy and Natural ResourcesMakarim & Taira S.
ArticleBan on raw mineral exports amended further by regulationIUP Operation Production and IPR holders may only sell unprocessed ores and raw materials offshore until 12 January 2014.IndonesiaInternational LawMakarim & Taira S.
ArticleSimplified procedures for mandatory manpower reportsRegional manpower offices must simplify the process of receiving and processing companies' mandatory 'manpower reports'.IndonesiaEmployment and HRMakarim & Taira S.
ArticleInternet content censorship strengthened in IndonesiaThe regulation promotes safe and healthy use of the internet by blocking access to pornographic or unlawful websites.IndonesiaMedia, Telecoms, IT, EntertainmentMakarim & Taira S.
ArticlePrudential principles in managing foreign loansBank Indonesia via PBI 16/2014 requires non-bank corporations that have foreign loans to implement prudential principles.IndonesiaFinance and BankingMakarim & Taira S.
ArticleNew Copyright Bill in Indonesia passedThe new Copyright Bill regulates and protects various topics and concepts not discussed in the current Copyright Law.IndonesiaIntellectual PropertyMakarim & Taira S.
ArticleIs Your Brand Well-Known In Another Country?Growing a brand or trademark in business takes a great deal of effort and investment. Your brand may be recognized or even well-known within your own country.IndonesiaIntellectual PropertyMakarim & Taira S.
ArticleNew BKPM (Investment Coordinating Board) regulation on foreign investmentSome of these amendments relate to the procedures and documents required for foreign investment application approvals.IndonesiaGovernment, Public SectorMakarim & Taira S.
ArticleMandatory Use Of L/C For Exporting Mining And Energy ProductsOn 5 January 2015, the Minister of Trade issued Regulation No. 4/M-DAG/PER/1/2015 of 2015 on Provisions to Use a Letter of Credit for Exporting Certain Commodities ("MOT Regulation 4"). IndonesiaInternational LawMakarim & Taira S.
ArticleNew procedures for securing a construction services license (IUJK) in JakartaConstruction services providers need an IUJK to provide construction services as planners, contractors or supervisors.IndonesiaReal Estate and ConstructionMakarim & Taira S.
ArticleAfter BP Migas has been Disbanded, the Government Establishes SKK MigasAssets and employees of BP Migas are transferred to SKK Migas and all contracts signed by BP Migas will remain valid.IndonesiaEnergy and Natural ResourcesMakarim & Taira S.
ArticleNew BPOM regulation on importing drugs and food into IndonesiaThis new regulation repeals and replaces the previous regulations on Imports of Processed Foods, Cosmetics and Drugs.IndonesiaInternational LawMakarim & Taira S.