Anticorruption Latest: Some Encouragement for Whistleblowers and KPK Launches Its First-Ever Prosecution of a Corporation (08/11/2018)
  New whistleblower regulation   One of the things that often surprises outside observers of graft in Indonesia is the comparative rarity with which complex, multilayered schemes of corruption are uncovered through the action of whistleblowers, despite such schemes frequently involving ...


Government Backtracks on Date for Prohibiting Deployment of Certain Types of Foreign-Flagged Vessels in Indonesian Waters (07/11/2018)
  Under Minister of Transportation Regulation No. PM 100 of 2016, certain types of foreign-flagged vessels, other than passenger and freight vessels, were permitted to be deployed in Indonesian waters for particular purposes until the end of December 2017 (“Permitted Vessels”). ...


ABNR Shines at ALB Indonesia Law Awards 2018 (08/10/2018)
  ABNR emerged as one of the two biggest winners from the ALB Indonesia Law Awards 2018, which were presented during a gala event in the Grand Ballroom of Jakarta’s Mandarin Oriental Hotel on Oct. 4.   ABNR received a total of six awards, including the prestigious Indonesia Deal ...


OJK Issues Umbrella Regulation for Fintech Development, Establishes Regulatory Sandbox Regime (20/09/2018)
  A. Introduction   The financial technology (“fintech”) sector in Indonesia is regulated by two separate institutions: (i) the central bank (Bank Indonesia / “BI”) for fintech related to the payments system, such as payment gateways, e-money, e-wallet, etc.) ...


Minimum Equity Requirement for Foreign Investors Wishing to Use OSS System Reduced to IDR 2.5 Billion (10/09/2018)
  In our Legal Update titled OSS System Requires Foreign Investment Companies to Have More Than IDR 10 Billion in Equity, which was published on 5 September 2018, we reported that foreign investment companies ("PT PMA") could only register on and use the OSS System if they had a minimum ...


OJK Issues New Regulation on Takeovers of Public Companies (05/09/2018)
  The Financial Services Authority (“OJK”) has issued a new regulation governing takeovers of public companies. The regulation (OJK Regulation No. 9/POJK.04/2018 / “Reg 9/2018”), which entered into effect on 25 July 2018, supersedes Bapepam-LK Rule No. IX.H.1 (the ...


The OSS System: What Exactly is it? (04/09/2018)
  The establishment of the integrated OSS system under Government Regulation No. 24 of 2018, which entered into force on 21 June 2018, constitutes a quite fundamental overhaul of Indonesia’s business licensing regime. The essential idea is that all necessary business and operating ...


ABNR Hosts Roundtable Discussion on Recent Developments and Third-party Funding in Arbitration Arena (20/08/2018)
  On August 8, ABNR Counsellors at Law played host to a well-attended roundtable discussion on topical arbitration issues at ABNR’s offices in Jakarta’s SCBD. Organized in conjunction with the International Chamber of Commerce (ICC)’s Indonesia Arbitration & ADR ...


Devil’s in the Detail: New Regulation Rolls Back Expat Employment Liberalization (07/08/2018)
  A. Introduction   Pursuant to the changes in the expatriate employment rules brought about by Presidential Regulation No. 20 of 2018 (“PR 20/2018”), the Ministry of Manpower (“MOM”) has issued a new implementing regulation (Regulation No. 10 of 2018 / ...


BKPM to Continue PTSP Role despite New Online Single Submission (16/07/2018)
BKPM issued an announcement on Tuesday, 10 July 2018, stating that it will continue its service in its role as the operator of the so called Central PTSP (Pelayanan Terpadu Satu Pintu Pusat – Central One Door Policy). Previously on Friday, 29 June 2018, BKPM issued a press release stating ...