COVID-19 and Force Majeure
Due to the COVID-19 pandemic, many businesses and factories are temporarily closed causing critical implications for both international and domestic businesses, especially for projects at the construction stage.
Exploring the concept of force majeure under contracts entered into in Indonesia, please click the link below to read the complete legal advisory. This publication is co-authored by Stephen Sim, Dirgantara Adi Nugroho, Rudy Andreas H. Sitorus, Heru Mardijarto, and Lia Alizia.
NEXT ARTICLES
UPDATES ON FORCE MAJEURE PROVISIONS UNDER THE POWER PURCHASE AGREEMENTS
On 12 February 2018, the Minister of Energy and Mineral Resources (the “MEMR”) issued Regulation Number 10 of 2018 on The Second Amendment to Minister of Energy and Mineral Resources Regulation Number 10 of 2017 on the Principles of Power Purchase Agreements (“MEMR Reg 10/2018”) which came into effect on 13 February 2018.
Download read more
Overview of Private Investment to Indonesia’s New Capital City: Ibu Kota Nusantara (IKN)
Issue 5, March 2023 | This advisory provides an overview of the funding schemes and private sector participation in the development of IKN.
Download read more
Reminder - Requirement in The OSS System for Companies to Adjust their Business Classification Code (KBLI)
On 11 October 2018, the Coordinating Ministry for Economic Affairs issued a joint notice in their websites requiring limited liability companies to adjust their Business Entity Numbers (Nomor Induk Berusaha –“NIB”) to the 2017 KBLI.
Download read more
The Energy and Mineral Resources Sector - the Implementing Regulation of the Job Creation Law under the Government Regulation No. 25 of 2021
On 2 February 2021, the Government of Indonesia has finally issued an implementing regulation of Law No. 11 of 2020 on Job Creation which covers the energy and mineral resources sector under Government Regulation No. 25 of 2021 on The Implementation of the Energy and Mineral Resources Sector (“GR 25/2021”). GR 25/2021 covers the following sectors: (i) mineral and coal; (ii) geothermal; and (iii) electric power.
Download read more