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 ...


New e-Commerce Rules Require Offshore Players to Establish Representative Offices in Indonesia, Provide Greater Consumer Protection (24/08/2020)
  Introduction   The Ministry of Trade (“MOT”) has issued an important ancillary / implementing regulation to give effect to Government Regulation No. 80 of 2019 on E-Commerce (“GR 80/2019” – for an ABNR analysis, click here). The new regulation (MOT ...


News Flash: Holders of Emergency Stay Permits Must Normalize Their Immigration Status by Sept. 20 or Face Sanctions (19/08/2020)
  With the onset of the Covid-19 pandemic in Indonesia, Indonesia’s Government responded by issuing Minister of Law and Human Rights Regulation No. 11 of 2020 (effective 2 April 2020),[1] which essentially closed the country’s borders to most non-Indonesians.   Regulation ...


Covid-19 in Indonesia: Is Govt Planning to Commandeer Drug Patents to Reduce Vaccination Costs? (07/08/2020)
  In a development that appears to be directly related to growing concerns over access to, and the cost of, potential Covid-19 vaccines, the Indonesian Government has issued Presidential Regulation No. 77 of 2020 on Procedures for Government Patent Use (the “Regulation”, effective ...


Tighter Rules on Private Placements of Debt Securities Come Into Force in Indonesia (04/08/2020)
  Private placements of debt securities, such as medium term notes, have been a hugely popular way for Indonesian corporates to raise fresh funds in recent years. This is due in no small part to the fact that they were not specifically regulated by the Indonesian Financial Services Authority ...


New Rules on Importation of Complementary, Market Testing and After Sales Service Goods Fill Legal Void but Restrict Eligible Sectors (29/07/2020)
  The Minister of Trade (“MOT”) recently issued Regulation No. 59 of 2020 (the “New Regulation”)[1] to amend MOT Regulation No. 118/M-DAG/PER/12/2015 on the Importation of Complementary Goods and Goods for Use in Market Testing or After-sales Service (the ...