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.
SSEK's Michael D. Twomey was interviewed for The Oil & Gas Year magazine, where he discusses developments in the oil and gas industry in Indonesia and recent regulations to encourage the development of power projects in Indonesia.
SSEK's Michael S. Carl will be a featured speaker at the 3rd Annual Smelting & Processing Summit being held May 11-12 in Jakarta. Michael will discuss the Minerals Refinery Investment Environment in Indonesia.
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.