Indonesia's international investment policy has been in the spotlight since the Government of Indonesia (the GOI) conveyed in 2014 its intention to terminate all of its existing bilateral investment treaties (BITs).
There have been several Indonesian employment law developments since the beginning of the year. While these are not particularly big changes, it is important for businesses in Indonesia to stay on top of the latest employment rules.
Presidential Regulation No. 44 of 2016 regarding the List of Business Fields that Are Closed and Business Fields that Are Conditionally Open for Investment (the 2016 Negative Investment List or 2016 DNI) replaces the 2014 Negative Investment List or 2014 DNI, and was made public on May 24, 2016.
The Financial Services Authority (the OJK) has had regulatory authority over Indonesian banks, except Bank Indonesia (BI), since December 31, 2013,as stipulated under Law No. 21 of 2011 regarding the Financial Services Authority. BI is Indonesia's central bank and maintains jurisdiction over the monetary supply.
On September 22, 2015, the Indonesian Centre for Arbitration and Alternative Dispute Resolution for Construction, BADAPSKI, held its first seminar to announce its existence as a dispute resolution body in the field of construction.
Law No. 5 of 1999 on the Prohibition of Monopolistic Practices and Unfair Business Competition (the Anti-Monopoly Law) was first enacted in 1999 and has never been amended. However, an amended law has been expected for more than a year.
SSEK Legal Consultants has contributed the Indonesia chapter to the Asia Regional Guide to Background Checks, which provides an overview of legal and practical issues relating to background checks in 17 countries in the region.
The regulation of airports in Indonesia is under the jurisdiction of the Ministry of Transportation (the MOT). The most recent basic regulation on airport business activities is MOT Regulation No. 69 of 2013 on the Order of National Airport Affairs.