In a move that may cause significant changes in how fiducia security are to be enforced, the Indonesian Constitutional Court recently issued Decision No. 18/PUU-XVII/2019 (Decision) which declared that certain provisions of Law No. 42 of 1999 on Fiducia Security are conditionally unconstitutional. Lenders looking...
Indonesian Government has just recently issued a long-awaited Minister of Energy and Mineral Resources Regulation governing a rooftop solar PV system installation and operation through Minister of Energy and Mineral Resources Regulation No. 49 of 2018 on Rooftop Photovoltaic System Usage by PT PLN Customers...
Semangat Komisi Pengawas Persaingan Usaha (KPPU) dalam menciptakan persaingan usaha yang sehat seiring dengan pertumbuhan ekonomi negara Republik Indonesia yang dinamis dan ekspansif, mendorong diterbitkannya Peraturan KPPU No. 3 Tahun 2019 tentang Penilaian Terhadap Penggabungan atau Peleburan Badan Usaha, atau Pengambilalihan Saham Perusahaan yang Dapat...
The government of Indonesia issued Presidential Regulation No. 63 of 2019 on the Use of Bahasa Indonesia (PR 63) on 30 September 2019. This long-awaited follow-up to Law No. 24 of 2009 on the State Flag, Language and Coat of Arms, as well as National...
UMBRA’s Partners, Pramudya A. Oktavinanda, Reggy Firmansyah, and Liyanto Wijaya and associate, Paula Aprijanto recently contributed an article on “Foreign Investment Ownership in Indonesian Mining Companies Through Capital Market” in the newly issued Coal & Minerals Asia Magazine Vol. 103. In this article, we shared our thoughts on the possibility of using...
The Financial Services Authority (Otoritas Jasa Keuangan - OJK) issued OJK Regulation No. 37/POJK.04/2018 on Equity Crowdfunding (“OJK Regulation No. 37/2018”) on 31 December 2018. OJK has also held a socialization event regarding OJK Regulation No. 37/2018 on 29 January 2019 (“Socialization”). Backgrounds The rapid growth of...
Our client alert regarding Quota Transfer of Coal Domestic Market Obligation was recently featured in Coal Asia Magazine Vol. 96 (November 25-December 20, 2018). ...
Indonesian Government has just recently issued a long-awaited Minister of Energy and Mineral Resources Regulation governing a rooftop solar PV system installation and operation through Minister of Energy and Mineral Resources Regulation No. 49 of 2018 on Rooftop Photovoltaic System Usage by PT PLN Customers...
In August 2018, Minister of Energy and Mineral Resources (“MEMR”) issued Decree No. 1924/K/30/MEM/2018 (“MEMR Decree 1924/2018”) to amend MEMR Decree No. 23.K/30/MEM 2018 on Determination of Minimum Percentage of Coal Domestic Market Obligation (“DMO”) for 2018 (“MEMR Decree 23/2018”). ...
New Indonesian Financial Services Authority ("OJK") regulation on digital financial innovation sandboxing: OJK has issued OJK Regulation No. 13/POJK.02/2018 on Digital Financial Innovation in the Financial Sector, effective on 16 August 2018. ...