SSEK Indonesian Legal Consultants has advised WeWork, a US multinational that provides shared workspaces and services for entrepreneurs, freelancers, startups, small businesses and large enterprises, on the opening of its first two locations in Jakarta, part of WeWork’s expansion into Southeast Asia.
Indonesia’s construction and projects market is growing and is predicted to continue to strengthen. Infrastructure development has been one of the main focuses of the current administration of President Joko “Jokowi” Widodo.
A franchise, under Indonesian regulations, is defined as a special right owned by an individual or a legal entity to a unique business system that has proven successful in selling goods and/or services, and can be used by another party based on a Franchise Agreement.
The Indonesian government has introduced a new tariff regime for renewable energies. The new regime gives the Indonesian state power company, PT Perusahaan Listrik Negara (“PLN“), greater control over tariffs in the sector through business-to-business negotiations and benchmarking against the applicable Electricity Generation Basic Cost (Biaya Pokok Penyediaan Pembangkitan or “BPP“).
Bank Indonesia (“BI“) has issued a long-anticipated regulation on e-money that stipulates a number of requirements and prohibitions that were previously unregulated. The new regulation, BI Regulation No. 20/6/PBI/2018 regarding Electronic Money (“BI Reg 20“), revokes all existing BI e-money regulations.