Posts Tagged ‘Economic Development’


Indonesia, ASEAN and Investment

With the increased interest in Indonesia and the impending completion of the ASEAN Economic Union, foreign investors are looking for a means to do business in Indonesia. SSEK discusses the revised Negative Investment List, the impact of the ASEAN Free Trade Area on Indonesia and Bilateral Investment Treaties. A new major development in Indonesian trade [...]

Bank Indonesia in Yogyakarta by B10m

Mandatory Use of Rupiah in Indonesia

Indonesia’s central bank, Bank Indonesia, recently issued BI Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of the Rupiah within the Republic of Indonesia, dated March 31, 2015 (“BI Reg 17″), which restricts the use of foreign currency in domestic transactions conducted within Indonesian territory. With the issuance of BI Reg 17, despite the fact that [...]

Deal News

Exploring the Indonesian Legal Landscape

To what extent has Indonesia been successful in attracting foreign investment in recent years? Fahrul S. Yusuf, a partner with SSEK Legal Consultants in Jakarta, recently spoke with LexisNexis about Indonesia’s legal landscape. How is the legal landscape in Indonesia changing? Why are companies more willing to try to enter the Indonesian market? What are [...]

Field of Gold by Randi Ang

Regulation Curbs Power of Local Authorities in Mining Sector

By Florence G. Santoso The Indonesian Government appears to be getting serious about stripping Regents of the authority to issue mining licenses. The Government took the first steps in this direction with Minister of Energy and Mineral Resources (MEMR) Regulation No. 27 of 2013 dated September 13, 2013 regarding Procedures for the Divestment of Shares [...]


Indonesian Financial Regulation: A Year in Review

The Financial Services Authority (Otoritas Jasa Keuangan or OJK), the financial services supervisory body in Indonesia, issued more than 30 regulations in 2014 covering capital markets, banks and non-bank financial institutions. Muliaman Hadad, the chairman of the Board of Commissioners of the OJK, issued a statement that the enactment of the regulations supported the goals [...]

Construction time by andrechinn

An Eye on PPP in Indonesia

By Syahdan Z. Aziz Public-private partnerships (“PPPs”) interest infrastructure investors in Indonesia for a number of reasons. PPP sets forth the arrangement for cooperation between the Government and private business entities in infrastructure procurement to accelerate the development of adequate and needed infrastructure. There are advantages to the PPP scheme, including the availability of government [...]


SSEK and Deloitte Welcome the Year of the Goat

SSEK Legal Consultants and Deloitte hosted a Lunar New Year Gathering on Friday, March 6, for members of the Chinese business community in Indonesia. SSEK’s managing partner, Rusmaini Lenggogeni, and Fahrul Yusuf, a partner at the firm, spoke at the event. They offered a legal perspective on foreign direct investment in Indonesia, looked at some [...]


A Closer Look at Indonesian Condominium Law

By Alvin Saptamandra Suryohadiprojo Indonesia enacted a new Condominium Law in 2011 (Law No. 20 of 2011 regarding Condominiums, the “New Condominium Law”). It replaced Law No. 16 of 1985 regarding Condominiums (the “Old Condominium Law”). The implementing regulations of the New Condominium Law were to be issued at the latest one year after the [...]


Indonesian Language Law from the Perspective of the Courts

By Miftahul Khairi Indonesia’s Language Law (Law No. 24 of 2009) took effect on July 9, 2009. It regulates the practices and procedures for using the Indonesian flag, emblems, national anthem and language. In 2013, the West Jakarta District Court issued a groundbreaking decision concerning the use of the Indonesian language in commercial agreements made [...]

Field of Gold by Randi Ang

Government Changes Divestment Requirements for Mining Companies in Indonesia

By Michael S. Carl andĀ Florence Gracia Santoso The mining industry in Indonesia remains in flux. On October 14, 2014, the Indonesian Government issued the third amendment to Government Regulation No. 23 of 2010 regarding the Implementation of Mineral and Coal Mining Business Activities. This third amendment is Government Regulation No. 77 of 2014 (GR 77/2014). [...]