Under a proposed amendment to the DNI, the government has indicated that foreign private universities will be open to 67% foreign capital investment and may be open to 100% foreign capital investment if the university is established in a SEZ, and it seems likely the DNI rules for foreign hospitals will also be relaxed.
Bank Indonesia has issued a regulation on the reporting of foreign exchange activities that introduces several changes from the previous regulation, particularly related to the scope of LLD reports, the submission and correction of reports, and reporting supervision and administrative sanctions.
The Government of Indonesia has issued a regulation, GR 1/2019, that requires foreign exchange export proceeds deriving from natural resources to be deposited in special accounts in Indonesian foreign exchange banks.
SSEK managing partner Denny Rahmansyah is featured in an article on the Indonesian economy and legal market in the new edition of Asian Legal Business (ALB). The article, “Intriguing Indonesia,” looks at the trends over the past 12 months and what we can expect in 2019.
The Indonesian Minister of Communication and Informatics has issued a regulation on the certification of telecommunications equipment and devices following the implementation of one-door licensing through the OSS system and product labelling requirements.
The Indonesian Financial Services Authority (OJK) has issued a regulation that sets the guidelines for a fit and proper reassessment of the primary parties of a financial services institution, including the scope, procedure, results and consequences of such reassessment.
SSEK partners Fitriana Mahiddin and Syahdan Z. Aziz have contributed the Indonesia chapter to the International Comparative Legal Guide to: Oil & Gas Regulation 2019. Fitriana and Syahdan provide a comprehensive overview of the oil and gas sector in Indonesia.
Clients of SSEK can register for the free Employment Law Alliance webinar on Thursday, January 31 on “Employment Law in Europe: A Year in Review.” The webinar will provde an overview of key employment laws and identify issues that will be paramount in the coming year.