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New Regulation: Statutes, Pillars, and the Build Back Better Act
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The Government of Indonesia issued a new toll road regulation to address market concerns around tariff adjustment in special circumstances such as change in government policy. The new regulation also introduced a 'clawback'...more
On December 29, 2023, the Indonesia's Financial Services Authority (Otoritas Jasa Keuangan or "OJK") issued a new regulation, OJK Regulation No. 29 of 2023 (the "New Regulation"), which revokes the previous OJK Regulation No....more
The Medium Term National Development Plan (Rencana Pembangunan Jangka Menengah Nasional) 2020-2024, issued by the Indonesian Ministry of National Development Planning (Bappenas) (RPJMN), seeks annual economic growth of 6...more
Constitutional Court Accepts Judicial Review of Fiducia Security Law - Following the judicial review of Article 15(2) and Article 15(3) of Law No. 42 of 1999 on Fiducia Security (the “Fiducia Law”), the Constitutional...more
2019 was an interesting year, especially politically and legally. Yet Indonesia has made it to 2020 better and stronger. ...more
On 10 January 2019 the Government of Indonesia issued a new regulation that further tightens control over the proceeds from the export of Indonesian natural resources. As a result, such proceeds must be retained in Indonesia,...more
New Presidential Regulations on the Use of Indonesian Language - The new regulation, President of the Republic of Indonesia Regulation Number 63 of 2019 regarding the Use of Indonesian Language (“PR No. 63/2019”), affirms...more
BKPM Assumes Operation of OSS System for Business Licenses and Permits - At end of June 2018, the government introduced the “Online Single Submission” initiative (“OSS”) that comprises an online system for applying for...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