Mirandah Asia | Indonesia | 13 Sep 2021
Since Joko Widodo was elected as president of Indonesia, he has been inching towards securing more legal rights to enable musicians, record labels and publishers to financially capitalise on their works. A new regulation obliges Indonesia's first national collection agency to create a database of songs, which is to be the foundation on which accurate royalties will be apportioned for......
Mirandah Asia | Indonesia, Japan | 10 Aug 2020
The renewal of the memorandum of understanding between the Indonesian Directorate General of Intellectual Property and the Japan Patent Office, comprising part of a joint statement of intent, has brought about an alteration to the possible timing of the filing of a request in connection with the patent prosecution highway programme between the two IP offices (concurrently renewed), which......
ABNR | Indonesia | 8 May 2020
The Indonesian Financial Services Authority recently issued a regulation which relaxes bank ownership rules under its single presence policy but simultaneously increases minimum capital requirements. The regulation was conceived prior to the COVID-19 crisis and the issuance of emergency economic legislation. Consequently, the big question is whether the regulation will continue to be......
ABNR | Indonesia | 27 Apr 2020
Given the economic dislocation caused by the spread of COVID-19, many parties facing difficulties in performing contracts will be considering their legal situation. Can they be held liable for damages for a breach of contract or losses suffered by third parties due to circumstances beyond their control or does the law provide a relief mechanism for dire circumstances such as these? Although......
ABNR | Indonesia | 13 Apr 2020
With the world facing its biggest challenge of the century so far, and probably its greatest challenge since World War II, businesses are asking how they should best respond to the impact of the COVID-19 crisis. This article answers the FAQs that businesses are asking with regard to contracts, force majeure and shareholders' duties.
ABNR | Indonesia | 25 Mar 2020
The government recently submitted the Bill on Job Creation to the National Legislative Assembly. Both foreign direct investment and domestic investment are governed by the Investment Law 2007. While the bill envisages relatively few changes to the Investment Law overall, the proposed changes to its provisions on the Negative Investment List could be significant.
ABNR | Indonesia | 24 Jan 2020
Fintech-based lending in Indonesia grew rapidly in 2019. Various crowdfunding models (in particular, peer-to-peer lending) emerged and gave the regulatory authorities a new focus for their attention. In this regard, the Financial Services Authority issued a number of new regulations concerning equity funding, digital financial innovation in the financial services sector, standing facilities,......
ABNR | Indonesia | 23 Jan 2020
After fining numerous companies for late notification of mergers, consolidations and acquisitions in recent months, the new commissioners of the Indonesian Competition Commission who took office in May 2018 have once again shown their commitment to a more active enforcement of merger control rules by introducing new merger control guidelines.
ABNR | European Union, Indonesia | 13 Jan 2020
Despite being mandated by Article 66 of the Trade Law, which entered into force in 2014, a government regulation specifically focused on e-commerce has only recently been issued after having been under discussion since 2015. This article describes the key aspects of the regulation that directly affect e-commerce operators and consumers.
Makarim & Taira S. | Indonesia | 1 Nov 2019
A new regulation on integrated mortgage services through electronic systems recently came into effect. The regulation aims to improve mortgage services by improving disclosure, punctuality, simplicity and affordability (among other things) and adapting mortgages to reflect changes in law, technology and the public's needs.