Webinar “Is Covid-19 really a Force Majeure Event for Indonesian Mining Companies?”
On 20 May 2020, our Senior Partner, Reggy Firmansyah, spoke in a webinar hosted by Coal Asia and Petromindo on an important topic for Indonesian mining industry, namely, whether Covid-19 pandemic could be considered as a force majeure event for mining companies.
Reggy conveyed the legal framework of force majeure event under both Indonesian Civil Code and the newly amended Law No. 4 of 2009 on Mineral and Coal Mining. He also discussed a couple of legally permitted alternatives to be considered by mining companies in Indonesia to face the possible decrease of demand in the mining commodities market, such as temporary suspension of mining activity and amendment of production plan.
We thank Coal Asia and Petromindo for providing us with the opportunity to share our view with market participants and we sincerely hope that our insight could benefit the mining industry stakeholders in this challenging situation.