Indonesia is one of the world's most volcanically active countries and among the countries with the greatest geothermal energy potential. Dwindling production of traditional energy sources such as oil and gas has the Government of Indonesia seeking alternatives to maximize national energy production.
SSEK contributed the Indonesia chapter to the 2014 edition of Getting the Deal Through: Oil Regulation. SSEKs' Fitriana Mahiddin and Syahdan Z. Aziz provide a comprehensive overview of oil regulation in Indonesia.
A new Indonesian Ministry of Trade regulation requires that certain goods manufactured in Indonesia and certain imported goods traded in Indonesia carry a label in the Indonesian language. It is seen as a tool to ensure the right of consumers to receive clear information about the goods they purchase.
The Indonesian Government has released a new list of business fields that are closed to investment and business fields that are conditionally open to investment. The long-awaited New Negative List, increases allowed foreign ownership levels in several key industries, including the health sector.
In general, Indonesia's Antimonopoly Law prohibits resale price maintenance in the form of a minimum resale price. The Antimonopoly Law does not prohibit resale price maintenance in the form of maximum resale price or specified resale price.
Indonesia's Bankruptcy Law stipulates that the fees for Administrators and Receivers are decided after the bankruptcy or the Suspension of Debt Payment is concluded. While there is some subjectivity in determining the fees of Administrators and Receivers, the fees must follow the guidelines set by the Ministry of Law and Human Rights.
Anti-corruption compliance is rightly a focus of companies operating in Indonesia. One of the more interesting questions for such companies, particularly foreign investment companies, is whether the company and/or individual company directors can be prosecuted for corruption as a result of the actions of employees.