In an employment relationship between a company and employees, a non-competition clause, is often found in an employment agreement or confidentiality agreement, ...

Regulation 2 provides certain mandatory Good Corporate Governance business practices that insurance companies must apply.

After 80 years of using a very old Dutch trade law, Indonesia has finally introduced its own Bill on Trade.

Financial services institutions and/or entities engaging in financial services must pay mandatory charges to the OJK.

On September 2015, the Minister of Trade issued MOT Regulation No. 70/M-DAG/PER/9/2015 on Import Identification Numbers. MOT Reg 70/2015 came into effect on 1 January 2016 and revoked the previous API regulation...

The new bill regulates Sharia insurance as well as the businesses of general insurance, life insurance, and reinsurance.

Offshore loans (all loans made by residents to non-residents) must be reported to Bank Indonesia.

Circular 17 further describes the details on payments in foreign exchange agreed to by the parties under a written agreement for strategic infrastructure projects which are exempted from the obligation to use Rupiah.

After discussions with regulators and politicians on ownership of commercial banks, Bank Indonesia has issued new rules.

Regulation 31/2013 has been issued to provide further details on certain articles of the Immigration Law in Indonesia.

This Regulation redefines the procedures and requirements to secure approval for the name of a foundation in Indonesia.

The new list revises the components classified as: a) closed for investment; and b) conditionally open for investment.

What is the current business climate in your jurisdiction including major political, economic and/or legal activities on the horizon in your country that could have a big impact on businesses?

New legislation makes the Indonesian language the official language for transactions and commercial documents.

The Indonesian Stock Exchange has amended Regulation Number I-A on the Listing of Shares and Equity Securities.

The article is a summary of the provisions of the new Banking Bill, which will govern both commercial and rural banks.

The Minister of Communications and Information has amended the Regulation on Organizing Telecommunications Networks.

The Indonesian Government has issued a new immigration regulation that aims to stimulate post-pandemic economic growth by revising the rules for foreigners to enter the country, while maintaining a selective approach.

Employers may not pay less than the minimum wage and a company unable to pay must apply to the Governor for a suspension.

As a developing country, Indonesia has many infrastructure construction projects which many foreign construction companies are interested to get involved in. There are two ways for a foreign construction company to provide construction services in Indonesia: by establishing (i) a foreign construction services representative office ("Rep Office"); or (ii) a joint venture company in the field of construction services ("PMA Construction Company").