Register Your Warehouse or Risk Closure

Since enactment of the Law No. 7 of 2014 on Trade, the registration of warehouses has been mandatory. Several types of sanctions will be imposed for non-compliance, namely temporary closure and/or penalty up to Rp2,000,000,000.00. Recently the government issued Government Regulation No. 33 of 2019 on Imposition of Administrative Sanctions to Warehouse Owners Who Fail…

New Law on the Indonesia Anti-Graft Body

The House of Representative together with the President of Indonesia have passed Law number 19 of 2019 on Second Amendment to the Law number 30 of 2002 on the Corruption Eradication Commission (“New KPK Law”). The New KPK Law has been promulgated on 17 October 2019.  Key Changes  Some of major amendments under the New…

SMEs Listing on IDX

Background On 22 July 2019, the Indonesia Stock Exchange (“IDX”) issued Rule No. I-V on Specific Provisions for the Listing of Shares and Equity Securities other than Shares on the IDX Acceleration Board – another attempt to encourage more IPOs by start-ups or small-sized companies, but those companies are generally not able to meet listing…