Posts Tagged ‘Investment’

Businessmen

Indonesia Takes Steps to Ease Licensing Process for Trade Companies

The Indonesian Ministry of Trade (“MOT”) has issued two regulations with the goal of simplifying the licensing process for companies and reducing the amount of time they must spend on such matters. MOT Regulation No. 7/M-DAG/PER/2/2017 regarding the Third Amendment to MOT Regulation No. 36/M-DAG/PER/9/2007 regarding the Issuance of Trade Business License (“MOT Reg. 7/2017″) [...]

Michael Carl

Bauxite Mining and Alumina Refinery Investment Environment in Indonesia

Michael S. Carl, an international legal adviser at SSEK Indonesian Legal Consultants, was invited to give a presentation at the 3rd Global Bauxite Conference 2017 on the Bauxite Mining and Alumina Refinery Investment Environment in Indonesia. The conference was held June 14-15 in Jakarta. You can find his presentation materials here. Michael Carl is the [...]

Jakarta

Insurance Companies in Indonesia Must Follow Requirement on Ultimate Shareholders

By Ira A. Eddymurthy and Maria Yudhitama The Indonesian Insurance Law (Law No. 40 of 2014 regarding Insurance) introduced a significant change regarding the shareholding composition of insurance companies. Breaking from previous policy, the Insurance Law specifically mandates that the local shareholders in an insurance company must be ultimately owned by Indonesian individuals. After the [...]

Oil & Gas Regulation 2017

Restrictions on Contractors in the Indonesian Oil and Gas Sector

By Fitriana Mahiddin and Syahdan Z. Aziz There are a number of rules for Production Sharing Contract (“PSC”) Contractors in Indonesia’s oil and gas sector, including those on the export of production, currency exchange and the transfer or disposal of development rights. Subject to obtaining requisite export approvals, a Contractor is entitled to export its [...]

Oil & Gas Regulation 2017

Indonesian Oil and Gas Sector: Role of the State

By Fitriana Mahiddin and Syahdan Z. Aziz Extracted oil and gas in Indonesia remains owned by the State until it passes the point of export or other delivery point. Thereafter, the Government is entitled to a certain percentage of the production output as apportioned under the Production Sharing Contract (“PSC”), as is the Contractor. Under [...]

Construction

New Construction Law in Indonesia: Changing the Regulatory Framework

By Awang Fahrizal The Government of Indonesia (“GOI”) recently issued Law No. 2 of 2017 regarding Construction Services (the “New Construction Law”). The New Construction Law revokes Law No. 18 of 1999 regarding Construction Services (the “Previous Construction Law”) and introduces several changes and new provisions related to construction services in Indonesia. Below are the [...]

Mining

Government Regulation No. 1 of 2017: Digging a Hole for Indonesian Downstream Mining Industry?

By Ira A. Eddymurthy and Miftahul Khairi The Government of Indonesia (“GOI“) began 2017 by issuing Government Regulation No. 1 of 2017 regarding the Fourth Amendment to Government Regulation No. 23 of 2010 regarding the Implementation of Mineral and Coal Mining Business Activities (January 11, 2017) (“GR 1/2017“). To better understand the policies introduced under [...]

Infratructure

New Regulation in Indonesia Amends the Facilities Requirements for Public-Private Partnerships

By Awang Fahrizal Indonesia’s Ministry of Finance (“MOF”) recently issued MOF Regulation No. 129/PMK.08/2016 regarding the amendment of MOF Regulation No. 265/PMK.08/2015 regarding Facilities for the Preparation and Implementation of Public-Private Partnership (“PPP”) Project Transactions for the Provision of Infrastructure (“MOF 129/2016″). MOF 129/2016 amends MOF Regulation No. 265/PMK.08/2015 (“MOF 265/2015″) and introduces several new [...]

International Secured Transactions

SSEK Contributes Indonesia Chapter to Book on International Secured Transactions

SSEK partner Ira A. Eddymurthy and senior associate Dewi Savitri Reni have contributed the Indonesia chapter to the publication “International Secured Transactions.” The publication, organized by the Center for International Legal Studies and published with West Thomson Reuters,  examines the UNCITRAL (United Nations Commission on International Trade Law) Draft Guide on Secured Transactions, which is [...]

OLYMPUS DIGITAL CAMERA

Distributing Goods in Indonesia: What Are the Rules?

By Ira A. Eddymurthy and Christina N. Soela Indonesia’s Ministry of Trade (“MOT”) recently issued a regulation on the distribution of goods. MOT Regulation No. 22/M-DAG/PER/3/2016 regarding General Provisions on the Distribution of Goods (“MOT Reg 22/2016″) stipulates that goods can be distributed directly or indirectly to consumers within Indonesia. It revokes Minister of Industry [...]