Deadline for Normalization of Immigration Status Extended from Sept. 20 to Oct. 5 (30/09/2020)
  The Immigration Service has further extended the deadline for the normalization of immigration status for foreigners who find themselves in Indonesia on Emergency Stay Permits (Izin Tinggal Keadaan Terpaksa / ITKT).  The latest extension, from the original deadline of Sept 20 to Oct. 5 ...


Indonesia’s FSA Tightens Rules on Affiliate and Conflict-of-Interest Transactions for Listed Companies (23/09/2020)
  The Indonesian Financial Services Authority (Otoritas Jasa Keuangan / “OJK”) has issued a new regulation on transactions involving affiliates (“Affiliate Transaction”) and conflicts of interest (“COI”). The new regulation (OJK Regulation Number ...


Jakarta Hits COVID-19 Brakes as Capital Placed under Partial Lockdown Once Again (14/09/2020)
  With the number of COVID-19 cases soaring and intensive-care beds becoming scarcer in Jakarta, the region’s governor, Mr. Anies Baswedan, has issued Jakarta Gubernatorial Regulation No. 88 of 2020 (“Reg. 88”),[1] which reinstates a partial lockdown in the national capital. ...


Indonesian Intellectual Property Law: New Regulation Updates Rules on Patent Transfers (10/09/2020)
  The Government has issued an important and long-awaited ancillary / implementing regulation for the 2016 Patent Law.[1] The new regulation, Government Regulation No. 46 of 2020 ("GR 46"),[2] sets out revised requirements and procedures for the registration of patent transfers and revokes ...


Government Underwrites Working-capital Loans to Keep Economic Wheels Turning (08/09/2020)
  The Minister of Finance (“MoF”) has issued Regulation No. 98/PMK.08/2020 to establish a government-guarantee scheme for working capital loans extended by the banking sector to large-scale businesses (“Reg. 98”).[1] The scheme is to be operated by Indonesia ...


Capital Markets: Indonesia’s FSA Tightens Material-transaction Rules for Public Companies (04/09/2020)
  The Indonesian Financial Services Authority (Otoritas Jasa Keuangan / “OJK”) has issued a new regulation that tightens the rules on material transactions and shareholder-approval requirements in public companies, while at the same time providing some leeway for those in the ...