Congratulations to PT Mahkota Pratama and PT Indonesia VIP for the signing of the Share Sale and Purchase Agreement with ASDP, a State-Owned ferry operator, for the acquisition of PT Jembatan Nusantara by ASDP. Through this transaction, ASDP will have 53 additional ships and therefore...
We continue our strong growth in 2022 by celebrating the promotion of our Andika Setia Budi, Paula Aprijanto, and Ferin Chairysa as Senior Associates in the Merger & Acquisition, Capital Market & Securities, and Natural Resources and Extractive Industries practice groups, respectively. Despite their young age, the three of them...
On 10 June 2020, the Government of Indonesia issued Law No. 3 of 2020 on Mineral and Coal that has been amended by Law No. 11 of 2020 on Job Creation (Mining Law). The Mining Law introduced several significant changes to the mining sector, which...
The “Positive List” Under the Newly Issued Presidential Regulation No. 10 of 2021 on Investment Business Activities - A Real Game Changer! The long anticipated Presidential Regulation No. 10 of 2021 on Investment Business Activities was finally issued on 2 February 2021, officially replacing the previous...
It is expected that the enactment of Law No. 11 of 2020 on Job Creation on 2 November 2020 (Omnibus Law), which among others amended Law No. 25 of 2007 on Investment, will attract foreign and domestic investment activities and increase the ease of doing...
The finalized draft of Law on the amendment of the Mining Law (Bill) was publicly released on 11 May 2020 and was then approved by the House of Representative (Dewan Perwakilan Rakyat or DPR) on the next day, 12 May 2020. The Minister of Energy...
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”). ...
We would like to congratulate our client, PT Natura City Developments Tbk. (“NCD”), which successfully listed its 2,600,000,000 shares and 975,000,000 warrants at the Indonesia Stock Exchange (“IDX”) on 28 September 2018....
On 17 September 2018, our Kirana Sastrawijaya, Putu Raditya Nugraha, and Ferin Chairysa spoke in a welcoming dinner and briefing for the business delegation held by Business Sweden and Swedish Energy Agency at Gran Melia Hotel, Jakarta....
On 29 March 2018, the President of Indonesia signed Presidential Regulation No. 20 of 2018 on Expatriate Manpower Utilization (“PR 20/2018”). ...