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 detailsThe 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 detailsOn 21 June 2017, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued OJK Rule No. 26/POJK.04/2017 on Disclosure of Information for Issuers and Public Companies against which Petition for Bankruptcy is Filed (“Rule No. 26/2017”). Rule No. 26/2017 revokes and replaces Bapepam Rule No. X.K.5 as attached to the Decision of the…
Read detailsThe 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 detailsIntroduction 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 detailsIntroduction 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 detailsOn 31 March 2017, the Minister of Law and Human Rights of the Republic of Indonesia (“MOLHR”) amended Regulation of MOLHR number 11 of 2016 on Guidelines regarding the Fees of Receiver and Administrator (“Regulation No. 11 of 2016”) by issuing Regulation of MOLHR number 2 of 2017 (“New Regulation”). Under the New Regulation, MOLHR…
Read detailsBy 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…
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