News

The Indonesian Business Competition Supervisory Commission – Komisi Pengawas Persaingan Usaha (“KPPU”) issued KPPU Regulation No. 3 of 2023 (“Reg 3/2023”) as a new merger filing regulation, replacing, and revoking the previous regulation on the same matter, namely KPPU Regulation No. 3 of 2019 (“Reg 3/2019”). Reg 3/2023, which came into effect on 31 March… Read More

This is the 2nd part of our newsletter highlighting major changes to the PPSK Law on (i) the capital markets sector, (ii) carbon trading, (iii) insurance companies, (iv) financing services business (usaha jasa pembiayaan), (v) bullion business, and (vi) technology innovation in the financial sector. To check out the 1st part of our newsletter on… Read More

On 15 December 2022, the Indonesian Government together with the Indonesian parliament passed the bill of Financial Sector Development and Strengthening Law (“PPSK Law”), which aims to reform various laws and regulations in the financial sector. The PPSK Law became effective as of 12 January 2023 (except for certain provisions that are explicitly intended to… Read More

In this newsletter edition, we discuss the main updates brought by Government Regulation in Lieu of Law No. 2 of 2022 (“Perppu 2/2022”) – replacing the so-called ‘Omnibus Law on Job Creation’ (Undang-Undang Cipta Kerja) (“Omnibus Law”) – that may be relevant to your existing operations in Indonesia. Our discussion will touch on updates of selected… Read More

The Minister of Environment and Forestry Affairs (“MOEFA”) has just issued Regulation No. 21 of 2022 on the Guidelines for the Implementation of Carbon Pricing (“MOEFA Regulation 21/2022”) to implement Presidential Regulation No. 98 of 2021 on Carbon Pricing (“PR 98/2021”) and set out the technical aspects of carbon pricing implementation in Indonesia. To see… Read More

The Government of Indonesia (“GoI”) has just issued the much-anticipated Presidential Regulation No. 112 of 2022 on the Acceleration of Renewable Energy Development for Electricity Supply (“PR 112/2022”). Although it has not completely met the expectations of businesses, certain provisions of PR 112/2022 clearly show the constant and serious efforts made by the GoI to… Read More

The enactment of Indonesia’s Personal Data Protection Law (PDP Law) marks the introduction of the country’s first comprehensive personal data protection law. As it uses EU GDPR as the basis, one may find similarities between the two. The PDP Law applies to legal acts performed both in and outside the Indonesian territory, but for the… Read More

The Indonesian Government and the Business Competition Supervisory Commission (“KPPU”) issued Government Regulation No. 44 of 2021 (“GR 44/2021”) and KPPU Regulation No. 2 of 2021 (“KPPUR 2/2021”), both setting out detailed implementing provisions of the Indonesian Antitrust Law (“IAL”). GR 44/2021 and KPPUR 2/2021 are effective as of 2 February 2021 and 31 May… Read More

To accommodate the rapid and continuing development of start-up companies as well as stimulate their mass funding through listing on the Indonesia Stock Exchange (“IDX”), the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) has issued the long-awaited OJK Regulation No. 22/POJK.04/2021 (“OJKR 22/2021”), which allows eligible companies that contemplate an IPO to issue shares… Read More

Two years after the Commission for the Supervision of Business Competition (Komisi Pengawas Persaingan Usaha – “KPPU”) issued KPPU Regulation No. 3 of 2020 on the Relaxation of Law Enforcement of Monopolistic Practices and Unfair Business Competition as well as Supervision of the Implementation of Partnerships in the Context of Supporting the National Economic Recovery Program… Read More