Electronic Administration of Cases in Indonesian Courts

The Supreme Court of the Republic of Indonesia (“Supreme Court”) has introduced electronic administration of cases in Indonesian Courts through the Supreme Court Regulation number 3 of 2018 on Electronic Administration of Cases in Court (“SCR No. 3 of 2018”). The new system is set to be applied for civil, religious, military administrative and state…

Read details

New Regulation on the Use of Foreign-Flag Ships in Indonesian Waters

The Minister of Transportation of the Republic of Indonesia (“Minister”) on December 12, 2017 has issued Minister Regulation number 115 of 2017 on Procedures and Requirements for the Granting of Permit for the Use of Foreign Ships for Domestic Sea-Transportation Activities Other Than the Transportation of Passenger and/or Goods (“Minister Regulation No. 115 of 2017”).…

Read details

New Regulation on Ship Registration and Nationality in Indonesia

The Minister of Transportation of the Republic of Indonesia (“Minister”) has issued Minister Regulation number 39 of 2017 on Ship Registration and Nationality (“Minister Regulation No. 39/2017”). This new regulation revokes and replaces Minister Regulation number 13 of 2012 on the same matter.   Key Changes Minister Regulation No. 39/2017 in essence imposes that Bareboat…

Read details

OJK Issues New Rule on IPO Lock-Up Period

Introduction On 21 June 2017, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued OJK Rule No. 25/POJK.04/2017 on Restriction on Shares Issued prior to Public Offering (“New Rule”). The New Rule replaces Bapepam Rule No. IX.A.6 as attached to the decision of the Chairman of Bapepam No. Kep-06/PM/2001 on Restriction on Shares…

Read details

Reporting Requirements on Share Ownership in Public Companies

Introduction  The Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) recently issued OJK Rule No. 11/POJK.04/2017 on Share Ownership Reporting in Public Companies (“New OJK Rule”) on 14 March 2017. This New OJK Rule revokes and replaces OJK Rule No. 60/POJK.04/2015 on Disclosure of Information of Certain Shareholders (“Previous OJK Rule”). Compared to the…

Read details

Choosing Indonesia As the Seat of Arbitration – A Way To Simplify the Enforcement of Arbitral Awards in Indonesia

By Immanuel A. Indrawan – Partner (Commercial Dispute Resolution)   In Indonesia, enforcement of arbitral awards requires the leave of the court. The enforcement process is conducted in the same manner as enforcement of court judgments, in accordance with the civil procedural rules. Particularly for arbitral awards made outside the jurisdiction of Indonesia, an exequatur…

Read details