Monthly Law Review March 2017
Moving on, as the end of this month rolls around, we are also focusing upon several noteworthy business-sector regulations which have been issued over the course of the last four weeks. To begin with, within the energy sector, a new regulation on geothermal industry has finally been issued, specifically Government Regulation No. 7 of 2017 on the Indirect Utilization of Geothermal Industry.
Monthly Law Review February 2017
The ongoing dispute between the government and PT Freeport Indonesia has been very much in the spotlight throughout February 2017. Both parties have yet to reach an agreement regarding the conditions of the Special Mining Business Permit (Izin Usaha Pertambangan Khusus/IUPK) which was granted to Freeport in order to replace its original Contract of Work (Kontrak Karya). Freeport subsequently invoked the arbitration clause in its Contract of Work, meaning that both parties have less than four months in which to settle their dispute amicably before an arbitration forum is set up. The dispute is considered to be one of the greatest challenges currently facing Indonesia and, whatever the outcome, it will surely affect the country’s future investment climate.
Monthly Law Review January 2017
This edition of Monthly Law Review will outline the key aspects of 114 regulations which were issued in end of December 2016 and January 2017, and we have classified these various regulations into Energy and Natural Resources, Financial Service, Tax, Manufacturing and Industry, Telecommunication and Media, Trade, General Corporate, Litigation, as well as a number of other sectors which we have grouped under the Miscellaneous banner.
Monthly Law Review December 2016
Moving on to the legislative sector, the House of Representative has passed 22 new laws this year. Seven of these relate to Indonesia’s ratification of several international treaties or agreements, and three are laws concerning the national budget. As such, the House has in fact only completed 12 new laws of the 51 new laws set by the 2016 Priority Legislative Program. This is a slight improvement by the House compared to last year’s performance, in which the House passed only one of 50 laws set by the 2015 Priority Legislative Program.
Monthly Law Review November 2016
As part of our commitment to providing a comprehensive but easily digestible survey of any recent updates which are made to Indonesia’s overall regulatory framework, this edition of Monthly Law Review highlights the key aspects covered by 60 regulations. For ease of access, we have classified these various regulations into a number of groups, specifically: Trade, Manufacturing and Industry, Energy and Mineral Resources, Financial Services, Taxation, Telecommunications and Media, General Corporate and Miscellaneous.
Monthly Law Review October 2016
The House of Representatives finally passed two significant and important bills governing the business sector just before the end of October, specifically the Bill on the Amendment to Law No. 11 of 2008 on Electronic Information and Transactions, and the Bill on Trademarks and Geographical Indications.
Monthly Law Review September 2016
Several noteworthy regulations were also issued in September. In the consumer-goods sector, the Head of the National Food and Drug Supervisory Agency (BPOM) issued a number of regulations relating to the registration of food and drugs. In the financial sector, Bank Indonesia relaxed the prevailing Loan-to-Value and Finance-to-Value ratios for property and motor-vehicle ownership by the public through the issuance of BI Regulation No.18/16/PBI/2016. Furthermore, BI also has relaxed the various requirements that have to be met by any banks which are looking to involve themselves within the e-money sector, and this strategy will hopefully help the government to achieve its financial inclusivity objectives.
Monthly Law Review August 2016
As part of our ongoing commitment to keep our subscribers updated as regards the most recent legal developments within Indonesia, this edition of Monthly Law Review covers a total of 62 laws and regulations, which we have classified into Energy and Natural Resources, Trade, Taxation, Financial Services, Manufacturing and Industry, Consumer Goods, Telecommunications and Media, General Corporate, and a number of other sectors which we have grouped under the Miscellaneous banner.
Monthly Law Review July 2016
Surprising news emerged from the Presidential Palace just before the end of July 2016 in the form of President Joko Widodo announcing his second cabinet reshuffle. Introducing his new cabinet, the President contended that he was aiming to inject some fresh energy into the government, as well as accelerate economic growth through a new influx of investment into the country.
Monthly Law Review June 2016
Earlier this month the government took the big step of officially revoking over 3,000 regional regulations which were considered to be inefficient and hampering investment. Most of the regulations revoked related to provisions on regional taxes and levies, mining, nuisance permits, irrigation, the management of regionally owned assets, etc.