News

W&P Newsletter – Omnibus Law – W&P Analysis Series (Part 4) Simplification and Liberalization in Various Business Sectors

This fourth part of our updates on the Omnibus Law highlights the simplification and liberalization of the Energy and Mineral Resources Sector, Maritime and Fishery Sector, Plantation Sector, Forestry Sector, and Halal Product Certification Process. For Part 1, Part 2 and Part 3 of the analytical reviews, please refer to the following: Part 1 :… Read More »

W&P Newsletter – Omnibus Law – W&P Analysis Series (Part 3) Harmonization and Relaxation of Land Related Provisions and Development on Definite-Term Employment Provisions

In this third part of our analytical review of the Omnibus Law, we would like to highlight (i) the harmonization and relaxation of land related provisions, and (ii) the development on the definite-term employment provisions. For Part 1 and Part 2 of the analytical reviews, please check out these links: Part 1 : Changes to… Read More »

W&P Newsletter – Omnibus Law – W&P Analysis Series (Part 2) Simplification of Regulatory Requirements and Authorities and Amendments to the Antitrust Law

This is the second part of our analytical review of the Omnibus Law, and this time we are focusing on (a) simplification of business licensing requirements; (b) relaxation of Limited Liability Company (PT) requirements; (c) amendments to the Antitrust Law; and (d) liberalization and simplification of regulatory authorities in certain business sectors. For the first… Read More »

W&P Newsletter – Omnibus Law – W&P Analysis Series (Part 1) Analytical Review of Changes to General Investment, Manpower and Land/Building Regulations

On 5 October 2020, the Indonesian Government together with Indonesia’s parliament passed the so-called ‘Omnibus Law on Job Creation’ (Undang-Undang Cipta Kerja) (“Omnibus Law”), which according to the Indonesian Government is a solution to tackle overlapping and contradictory existing legislation that often causes confusion and delays to businesses in implementing their investment plans. The Omnibus… Read More »

W&P Newsletter – E-Commerce Regulation – Reaching Out Offshore E-Commerce Players

In November 2019, the Government Regulation No. 80 of 2019 on Trading through Electronic System (“E-Commerce GR”) was enacted, setting out distinct requirements for e-commerce business players, classified into: online merchants, e-commerce platform providers, and intermediary services providers. Just recently, the technical implementing regulation was issued through the Minister of Trade (“MOT”) Regulation No. 50… Read More »

W&P Newsletter – ADVANCE PRICING AGREEMENT – NEW MOF REGULATION (NEW FEATURES)

The Indonesian Minister of Finance (“MOF”) issued Regulation No. 22/PMK.03/2020 on Implementation Procedures for Advance Pricing Agreement (“MOF Regulation 22/2020”), revoking the previous MOF Regulation No. 7/PMK.03/2015 on the same subject matter. Advance Pricing Agreement (“APA”) is a tax facility applicable to certain qualified taxpayers, which, if approved by the tax authority, will be concluded… Read More »

W&P Newsletter – Indonesian Mining Law Finally Amended – The Highlighted Provisions

In an effort to provide more legal certainty for investors and to simplify the licensing procedures in the mineral and coal mining (“Mining”) sector, the Indonesian Government finally issued Law No. 3 of 2020 (“Law 3/2020”), which amends and annuls certain provisions of the previous Mining Law No. 4 of 2009 (“Law 4/2009”). Because the… Read More »

W&P Newsletter – DEVELOPMENT OF INTERNATIONAL TRADE IN INDONESIA: ENTERING A NEW ERA OF FREE TRADE AGREEMENTS

Free Trade Agreements (FTAs) and Indonesia From 1990 to 2015, there were only 10 FTAs concluded by the Indonesian government. Among those are the prominent FTAs, namely the ASEAN Free Trade Agreement (AFTA), ASEAN-China Free Trade Agreement (ACFTA), and Indonesia-Japan Economic Partnership Agreement (IJEPA). However, the more integrated economy after 2015 has inevitably changed the… Read More »

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 »