Client alert: changes in investment licensing procedures

As part of its commitment to making it easier to run businesses in Indonesia, on 21 June 2018 the Indonesian Government issued the long-awaited Government Regulation No. 24 of 2018 on Electronically Integrated Licensing Services (“GR 24/2018”). GR 24/2018 cuts the red tape and simplifies the previously complex licensing procedures by introducing a new system… Read More »

New Requirements by Indonesian Government on Management of Expiring Oil and Gas Working Areas and Signing Bonus

On 24 April 2018 the Minister of Energy and Mineral Resources of the Republic of Indonesia (“MEMR”) issued MEMR Regulation No. 23 of 2018 (“MEMR Regulation 23/2018”), as further amended by MEMR Regulation No 28 of 2018 dated 7 May 2018 (“MEMR Regulation 28/2018”). Below are the highlights of MEMR Regulation 23/2018: MEMR Regulation 23/2018… Read More »

Major changes to electronic money regulation, including new foreign ownership limit and restriction of holding multiple licenses in two different categories

I. Background Ever since the Indonesian central bank (Bank Indonesia, “BI”) permitted the use of electronic money (e-Money) as a non-cash payment facility and issued Bank Indonesia Regulation No. 11/12/PBI/2009 on Electronic Money (“PBI 2009”), the use of e-Money has significantly increased in Indonesia[1], which in turn indirectly stimulate the advance of fintech transactions. To… Read More »

Client Alert: Stricter Rules On Foreign Ownership In Insurance Companies

After years of waiting, on 18 April 2018, the Indonesian Government finally issued Government Regulation No. 14 of 2018 on Foreign Ownership in Insurance Companies (“GR 14/2018”). The previous regimes of the Indonesian insurance laws and regulations issued during 1992 through 2008 have experienced several changes, one of which is concerned with Foreign Ownership in… Read More »

Simplified New Rules on Foreign Workers (TKA) in Indonesia

President Joko Widodo has officially signed Presidential Regulation No. 20 of 2018 on Foreign Worker Utilization (“PR No. 20/2018”), which will come into force on 29 June 2018. Upon its forthcoming operation, the new regulation will replace and revoke Presidential Regulation No. 72 of 2014 on Utilization of Foreign Workers and Implementation of Education and… Read More »

New Obligations On Post-Operation (Asr) Activities And Reserve Fund Allocation

The Ministry of Energy and Mineral Resources (“MEMR”) recently issued Regulation No. 15 of 2018 regarding the Post-Operation Activities in the Upstream Oil and Gas Industry (“MEMR Regulation No. 15/2018”), imposing new obligations with respect to Abandonment and Site Restoration (ASR) or post-operation activities on contractors. The regulation came into force on 23 February 2018… Read More »

Key Differences Between Existing Indonesian Personal Data Regulations

For the past few years, the Indonesian market has seen the rise of technology-based start-up companies, and this phenomenon stimulates the rapid development of technology-based transactions (including the technology-based “unicorn”[1] companies such as Go-Jek, Tokopedia, and Traveloka[2]). One distinctive characteristic of these technology-based transactions is that consumers are generally required to provide their personal information… Read More »

Further Steps by the Ministry/Minister of Energy and Mineral Resource (‘MEMR”) to Ease Investment Procedures in Energy Sectors

Following the press conference last February, the Indonesian Ministry of Energy and Mineral Resources (“MEMR”) has taken several progressing steps to improve investment climate in Indonesia, particularly in energy sectors. In Oil and Gas Sector, MEMR has issued the Minister of Energy and Mineral Resources Regulation No. 6 of 2018, which revokes 11 existing MEMR… Read More »

W&P presented a seminar on Hukum Online Training 2018 of “Scrutinizing Legal Aspect of Merger, Acquisition and Consolidation”

On 20 February 2018, our Luky Walalangi, Miriam Andreta, Fiesta Victoria and Hans Adiputra, presented a seminar on Hukum Online training 2018 of “Scrutinizing Legal Aspect of Merger, Acquisition and Consolidation”, which was attended by almost 40 participants, coming from various sectors of domestic and multi-national companies. The discussions were lively, where Hans Adiputra focused… Read More »

Simplifications and Regulatory Improvement in Energy and Mining Sectors

To simplify the bureaucracy and improve the investment climate in Indonesia, the Indonesian Ministry of Energy and Mineral Resources (MEMR) issued a press release on the 5th of February, 2018, which announced the plan to revoke 32 energy regulations consisting of: 11 regulations from the oil and gas sector, 7 regulations from the mineral and… Read More »