Archive for the ‘Legal Updates’ Category

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 [...]

FRD ASV

New Regulation in Indonesia on the Management of Oil and Gas Working Areas with Expiring PSCs

By Fransiscus Rodyanto and Aninda Nurul Savitri The Minister of Energy and Mineral Resources (“MEMR“) has issued MEMR Regulation No. 23 of 2018 regarding the Management of Oil and Gas Working Areas which Production Sharing Contract Will Expire dated April 24, 2018 (“MEMR Reg 23/2018“). MEMR Reg 23/2018 revokes MEMR Regulation No. 15 of 2015 [...]

Bank Indonesia in Yogyakarta by B10m

Bank Indonesia Sets New Limits for the Provision of E-Money

Bank Indonesia (“BI“) has issued a long-anticipated regulation on e-money that stipulates a number of requirements and prohibitions that were previously unregulated. The new regulation, BI Regulation No. 20/6/PBI/2018 regarding Electronic Money (“BI Reg 20“), revokes all existing BI e-money regulations. E-Money Classification BI Reg 20 opens with an explicit classification of e-money based on [...]

Halal Food

Questions Remain Around Halal Certification Compliance in Indonesia

By Winnie Y. Rolindrawan and Alvin Saptamandra Suryohadiprojo The Indonesian government issued Law No. 33 of 2014 concerning Halal Product Assurance (the “Halal Law”) in 2014. This was seen as an important piece of legislation, considering that Indonesia is home to the world’s largest Muslim population and halal refers to what is permissible under Islamic [...]

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 [...]