News

W&P Newsletter – Relaxation of Asset Quality Determination and Financing Restructuring Rules for Non-Bank Financial Institutions

On 28 January 2020, the Indonesian National Disaster Management Agency (Badan Nasional Penanggulangan Bencana or “BNPB”) declared a disaster emergency status due to the (“COVID-19”) outbreak in Indonesia. Following the declaration of the disaster emergency status, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued OJK Regulation No. 14/POJK.05/2020 on the Countercyclical Policy… Read More »

W&P Newsletter – BKPM Introduces New Guidelines for the Implementation of Integrated Electronic Business Licensing Service

In its latest effort to cut the red tapes of business licensing and to follow-up the takeover of Online Single Submission (“OSS”) system, as mandated by Government Regulation 24/2018 (“GR 24/2018”) (click here for the previous update), the Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal “BKPM”) issued Regulation No. 1 of 2020 on Guidelines… Read More »

W&P Newsletter – New Ministry of Health’s Guidelines of Dos and Don’ts at the Workplace during and after the Large-Scale Social Restriction (PSBB)

To maximize the implementation of the PSBB policy during the COVID-19 pandemic and to transition into the “new normal”, the Minister of Health has just issued a new Ministerial Decree No. HK.01.07/MENKES/328/2020 concerning Guidelines for COVID-19 Prevention and Control in Office and Industrial Workplace Settings to Support Business Sustainability during a Pandemic (“Guidelines”). The Guidelines… Read More »

W&P Newsletter – Indonesian Bankruptcy and PKPU Alert – New Rules by the Supreme Court

To provide further technical guidance in administering cases of bankruptcy and suspension of debt payment, the Indonesian Supreme Court has just issued a revised Guideline on Bankruptcy and Suspension of Debt Payment Case Settlements  (“Guideline”). Previously, the Guideline was enacted by virtue of the Chairman of the Supreme Court Decision No. 3/KMA/SK/I/2020 (“Decision 3/2020”). However,… Read More »

W&P Newsletter – Industrial Sectors Legal Alert – Exemption of Large-Scale Social

In response to the Covid-19 outbreak, the Indonesian Government has enacted specific regulations to impose the large-scale social restriction policy (pembatasan sosial berskala besar – PSBB). This policy temporarily limits mass activities within certain areas (please see W&P’s previous newsletters on large-scale social restriction and economic stability regulations here and measures taken by the Indonesian… Read More »

W&P Newsletter – Capital Markets Regulation Update on Material Transactions and Changes in Business Activities

On 21 April 2020, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued OJK Regulation No. 17/POJK.04/2020 on Material Transactions and Changes in Business Activities (“OJKR 17/2020”), annulling the previous Rule No. IX.E.2 as attached to Decision of Bapepam-LK No. KEP-614/BL/2011 dated 28 November 2011 on the same subject matter (“Rule IX.E.2”). Certain… Read More »

W&P Newsletter – Indonesian Antitrust Alert – Electronic Settlement of Antitrust Cases

Due to the COVID-19 outbreak, the Indonesia Competition Supervisory Commission – Komisi Pengawas Persaingan Usaha (“KPPU”) has issued KPPU Decision No. 12/KPPU/Kep.1/IV/2020 on Antitrust Cases Handling amid COVID-19 Outbreak  and KPPU Regulation No. 1 of 2020 on Electronic Settlement of Cases (“KPPU Regulation”), allowing KPPU to prioritize the use of the electronic media, including video… Read More »

W&P Newsletter – New Regulations Issued to Curb COVID-19: Large-Scale Social Restriction and Economic Stability Policies

To manage and mitigate the impact of the COVID-19 outbreak in Indonesia, the Indonesian Government has issued various policies and regulations, among others, those regarding the protection of employees’ rights (please see W&P’s previous newsletter on this matter here) and the giving of certain leeway to publicly-listed companies (please see W&P’s previous newsletter on this… Read More »

W&P Newsletter – Indonesia covid-19 outbreak – employer guideline

In response to the COVID -19 outbreak, the Indonesian Minister of Manpower recently issued Circular Letter No. M/3/HK.04/III/2020 TAHUN 2020 (“Circular Letter”) to protect the rights of employees as well as ensuring business continuity during the outbreak. Below are a few crucial points you need to know about employee salary protection as prescribed under the… Read More »

W&P Newsletter – Covid-19 outbreak – measures from the indonesian government

In relation to the Covid-19 outbreak, the Government of the Republic Indonesia has taken the following measures: On 29 February 2020, the Indonesian National Board for Disaster Management (BNPB) extended the emergency status of Covid-19 up to 29 May 2020. However, at the same time, BNPB emphasizes that for the time being the Government of… Read More »