On 25 November 2021, the Constitutional Court of Indonesia (the Court) declared that the formation of Law No. 11 of 2020 regarding Job Creation (the Omnibus Law) violated the 1945 Constitution of Indonesia due to legislative...more
On 2 November 2020, Indonesia’s Law on Job Creation went into effect.
The Law, amends or revokes over 78 existing laws and introduces new provisions with the aim of increasing investment into Indonesia, and in turn...more
From January 2020, there has been a relaxation to the existing restrictions on foreign equity ownership of an Indonesian insurer, which will “grandfather” existing foreign ownership interests in excess of the 80% threshold...more
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New merger control guidelines in Indonesia provide that asset acquisitions are now transactions that need to comply with merger notification obligations, despite the Anti-Monopoly Law and government regulation...more
OJK recently passed a new regulation on increasing the capital of public companies through pre-emptive rights. This regulation consolidates two regulations regarding pre-emptive and non pre-emptive capital increase of public...more
The OJK recently passed Regulation No.9/POJK.04/2018 on Public Company Takeover, which revokes Rule No.IX.H.1. Key changes under the new regulation are a) a takeover that is carried out through a rights issue of the target...more
Businesses in Indonesia are entering a digital era of licensing. The Government has taken a significant step in changing how it delivers its licensing services by adopting the Online Single Submission (OSS) system, a...more
Indonesia has enacted Regulation no.14/2018 on Foreign Ownership of Insurance Companies, which came into force on 18 April 2018 and confirms a maximum threshold for foreign ownership of an Indonesian insurance company of...more
On 14 March 2017, the Financial Services Authority (Otoritas Jasa Keuangan, the OJK) issued Regulation No.11/ POJK.04/2017 on Reporting of Substantial Shareholdings in Public Companies (POJK 11/2017). This new regulation...more