EMAIL US: ssek@ssek.com
In an unexpected development with profound implications, the Constitutional Court of the Republic of Indonesia on November 13, 2012, announced a decision disbanding BP MIGAS, the upstream regulator of the petroleum industry in Indonesia.
The Indonesian Constitutional Court issued decisions in two cases on June 4, 2012, that could help change the playing field in the mining industry, giving smaller companies the chance to compete with big miners.
The Indonesian Ministry of Trade issued a new regulation on September 21, 2012, amending some of the provisions on the Importer Identification Number (API). The new regulation amends MOT Regulation No. 27/M-DAG/PER/5/2012 regarding Provisions on Importer Identification Number (MOT Reg 27).
Bank Indonesia has issued a long-awaited regulation on the ownership of commercial banks, as contained in BI Regulation No. 14/8/PBI/2012 regarding the Share Ownership of Commercial Banks.
