Blog Category: Legal Updates

Indonesia Omnibus Bill – Simplification of Business Licensing and Investment Requirements

|

The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill, among other things, introduces … Indonesia Omnibus Bill – Simplification of Business Licensing and Investment Requirements

Establishing a Business in Indonesia – Forming a Private Company

|

Limited liability companies (PTs) in Indonesia are governed by Law No. 40 of 2007 dated 16 August 2007 regarding Limited Liability Companies (Company Law). Other applicable laws and regulations include:   Law No. 3 of 1982 dated 1 February 1982 regarding Mandatory Company Registry. Law No. 25 of 2007 dated 26 April 2007 regarding Capital … Establishing a Business in Indonesia – Forming a Private Company

Indonesia Omnibus Bill – Changes to Construction Services Law

|

The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill revises various provisions in … Indonesia Omnibus Bill – Changes to Construction Services Law

E-commerce in Indonesia – Electronic Signatures

|

Indonesia acknowledges digital signatures or e-signatures as a valid signature, regulated by Government Regulation No. 71 of 2019 on the Implementation of Electronic Systems and Transactions (the Electronic Transaction Regulation). Under the Electronic Transaction Regulation, “digital signature” is defined as a signature comprising electronic information attached, associated or related to other electronic information used as … E-commerce in Indonesia – Electronic Signatures

Indonesia Omnibus Bill – Changes to Labor-Related Sectors

|

The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Law is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Bill revises various provisions in … Indonesia Omnibus Bill – Changes to Labor-Related Sectors

Private Equity in Indonesia – Fund Regulation and Licensing

|

Under Indonesian capital markets laws and regulations, special licensing or approval is not required, except for a securities company acting as a stockbroker, where both the buyer and seller must be licensed by the Indonesian Financial Services Authority (Otoritas Jasa Keuangan) (OJK). No Indonesian licence, approval or permit is generally required for either the buyers … Private Equity in Indonesia – Fund Regulation and Licensing

Corporate Governance in Indonesia – Sources of Law, Regulation and Practice

|

The primary source of law relating to corporate governance in Indonesia is Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law). Additionally, corporate governance for certain types of companies, namely those operating in the insurance and capital market sectors, as well as issuers and public companies, is governed by the Financial Services … Corporate Governance in Indonesia – Sources of Law, Regulation and Practice