Indonesia’s FSA Relaxes ‘Single Presence Policy’ in Banking Sector but Tightens Minimum Capital Requirements (20/04/2020)
  A. Introduction   The Indonesian Financial Services Authority (Otoritas Jasa Keuangan / “OJK”) recently issued Regulation No. 12/POJK.03/2020 (“Reg. 12”, effective 17 March 2020),[1] which relaxes bank ownership rules under the OJK’s Single Presence ...


Jakarta Imposes Partial Lockdown to Curb Spread of Covid-19 (13/04/2020)
  Overview   Following the issuance of a Minister of Health decree permitting the introduction of large-scale social restrictions (“LSSR”) in Jakarta,[1]  the city’s governor, Mr. Anies Baswedan, has issued a regulation (the “Regulation”)[2] that ...


Indonesian Gov’t Arms Itself with Powers to Impose Local Lockdowns (08/04/2020)
  1. New Lockdown Powers   The Indonesian government has taken a series of concerted steps recently to establish a solid legal framework for the imposition of what are likely to be partial or total lockdowns at the local level to contain the spread of Covid-19.   The first of ...


Government Temporarily Bans Most Foreign Nationals from Entering Indonesia (06/04/2020)
  In response to the Covid-19 crisis, the President officially declared a public health emergency on March 31 through the issuance of Presidential Decree No. 11 of 2020, which mandates all government institutions to take whatever measures are necessary to contain the spread of the ...