On 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…
Read detailsby Barli Darsyah – Partner (Corporate & Securities) Policies to support the implementation of Law No. 11 of 2016 on Tax Amnesty (“Tax Amnesty Law”) have been made by the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”). OJK recently issued Circular Letter No. 35/SEOJK.04/2016 on Mandatory Tender Offer as a Result of the Acquisition…
Read detailsIn overview, this update will highlight the anticipated impact of the MCI Regulation (when it comes into effect) on the business operation of foreign OTT service providers in Indonesia.
Read detailsThe suspension of three KPK leaders and subsequent appointment of three interim leaders with a government regulation-in-lieu-of-law in 2009 raised some degree of controversy.
The enactment of the regulation in-lieu-of-law itself was questionable amid expectations that police should halt their investigations into allegations against Chandra Hamzah and Bibit Samad Rianto, two of the KPK’s leaders who were declared suspects in a bribery and abuse-of-power case.
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