Bryan Cave Leighton Paisner (JD Supra Indonesia)

New “priority list” for foreign investment The Indonesian government has issued Presidential Regulation No. 10 of 2021 (the “Regulation”) at the end of February, following the passage of its job creation law last year known as the Omnibus Law. Notably in the Regulation, the previous negative investment list set out in Presidential Regulation No. 44 of 2016 (the “Negative List”) is now...

This is a practical checklist to help Indonesian business leaders navigate workforce and legal issues relating to the COVID-19 coronavirus situation. The checklist is not intended to be exhaustive; new choices and challenges may rapidly emerge. Above all else, business leaders must adopt a flexible approach and adapt to changes as they come. These are still early days of the outbreak in...

Constitutional Court Accepts Judicial Review of Fiducia Security Law - Following the judicial review of Article 15(2) and Article 15(3) of Law No. 42 of 1999 on Fiducia Security (the “Fiducia Law”), the Constitutional Court has identified issues of constitutionality relating to aspects of the Fiducia Law and in particular, the provisions dealing with a creditor’s executorial power over the...

New Presidential Regulations on the Use of Indonesian Language - The new regulation, President of the Republic of Indonesia Regulation Number 63 of 2019 regarding the Use of Indonesian Language (“PR No. 63/2019”), affirms that agreements and memoranda of understanding (“MoU”) involving foreign parties must be signed in the Indonesian language.

With the demand for new aircraft and spare aircraft engines at an all-time high in the South-East Asia region, and foreign financiers and lessors meeting the majority of this demand, an understanding of local requirements and regulations is essential to mitigate enforcement and repossession risk successfully for such participants. Indonesia is a jurisdiction in which domestic traffic has more...

BKPM Assumes Operation of OSS System for Business Licenses and Permits - At end of June 2018, the government introduced the “Online Single Submission” initiative (“OSS”) that comprises an online system for applying for licenses and permits issued by Indonesian governmental authorities. Initially the OSS system was administered by the Coordinating Ministry for Economic Affairs (“CMEA”).