Archive for the ‘Legal Updates’ Category

Map of Indonesia

Coal Prices for Domestic Power Producers in Indonesia

By Florence Gracia Santoso With international coal sales prices rising, Indonesia’s Minister of Energy and Mineral Resources (“MEMR“) has taken a step to try and control the supply of coal for domestic power producers. The MEMR has enacted MEMR Decree No. 1395 K/30/MEM/2018 dated March 9, 2018 regarding Coal Sales Price for Power Generation for [...]

Labor & Employment

Foreign Employees and Termination Benefits in Indonesia

By Indrawan Dwi Yuriutomo The Indonesian Supreme Court in December issued Circular Letter No. 1 Year 2017 regarding the Implementation of the 2017 Supreme Court Meeting as a Guideline for the Role of Indonesian Courts (“SEMA No. 1″). SEMA No. 1 is a 41-page document that contains new policies to be applied by courts in [...]

Jakarta by Stenly Lam

Mandatory Disclosure of Beneficial Owners in Indonesia

By Bezaliel Basuki Erlan and Aldilla S. Suwana Legal entities in Indonesia are now required to declare the identity of beneficial owners and provide information on their beneficial ownership, following the recent enactment of Presidential Regulation No. 13 of 2018 regarding the Implementation of the Principle on Recognizing Beneficial Ownership of Corporations in the Framework [...]

KONICA MINOLTA DIGITAL CAMERA

MEMR Imposes New Abandonment and Site Restoration Obligations for Indonesian Upstream Oil and Gas Activities

By Wynne Prasetyo Indonesia’s Minister of Energy and Mineral Resources (“MEMR“), after a long wait, has regulated abandonment and site restoration (“ASR“) activities, or post-operation activities, for the upstream oil and gas sector. MEMR Regulation No. 15 of 2018 regarding Post-Operation Activities in Upstream Oil and Gas Business Activities (“MEMR Reg. 15/2018“) came into effect [...]

Foreign Investment Review

SSEK Contributes Indonesia Chapter to New Foreign Investment Review

SSEK senior foreign counsel Darrell R. Johnson and Irwina Annisa, an associate at the firm, have contributed the Indonesia chapter to Getting the Deal Through: Foreign Investment Review 2018. You can find the chapter here.

Bitcoin

Virtual Currency Is Here, So How Is Indonesia Going to Regulate It?

By Harry Kuswara Virtual currency, or cryptocurrency, has made its way to Indonesia and government agencies are working to regulate its use. But as Bitcoin, Ripple, Peercoin and other virtual currencies increasingly attract the interest of Indonesians for all kinds of reasons, there is no regulation in Indonesia that deals specifically with virtual currency, a [...]

Labor & Employment

Indonesian Manpower Ministry Issues Regulation on Delegation of Licensing Authority to the BKPM

The Indonesian Ministry of Manpower has issued a regulation concerning the delegation of some licensing authority to Indonesia’s Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”). Ministry of Manpower Regulation No. 22 of 2017 regarding the Implementation of the One-Stop Integrated Service (Pelayanan Terpadu Satu Pintu or “PTSP”) for the Manpower Sector at the [...]

Labor & Employment

Update on Employment Law in Indonesia and Asia

SSEK Legal Consultants has contributed the Indonesia chapter to the new Asia Employment Law, a quarterly review of employment law developments across 14 jurisdictions in Asia. Asia Employment Law: Quarterly Review is designed to help legal and human resources advisers stay up to date on employment-related legal developments in Indonesia and around Asia. For the [...]

Oil & Gas Regulation 2018

SSEK Contributes Indonesia Chapter to Oil & Gas Regulation Guide

SSEK partners Fitriana Mahiddin and Syahdan Z. Aziz have contributed the Indonesia chapter to the International Comparative Legal Guide to: Oil & Gas Regulation 2018. Fitriana and Syahdan provide a comprehensive overview of the oil and gas sector in Indonesia. They examine issues related to exploration and production, licenses, royalties, taxation, contracts, local content rules, [...]

Labor & Employment

Indonesian Manpower Regulation Changes Procedures for Companies Submitting Mandatory Employment Reports

The Indonesian Ministry of Manpower has issued a new regulation that is meant to improve the registration process and enhance legal protections for workers. What this means for employers is new reporting procedures, including the online submission of mandatory manpower reports. New Manpower Regulation Minister of Manpower Regulation No. 18 of 2017 (“Regulation 18/2017″) regarding [...]