Grounds for the Annulment of Domestic Arbitration Awards in Indonesia (Recent Development)
Following the issuance of Constitutional Court Ruling No. 15/PUU-XII/2014 dated 11 November 2014, up until now, no clear guidance has been provided on the use of Article 70 of the Arbitration Law (Law No. 30 of 1999) ie, the reasons for which an arbitration award can be annulled. This advisory discusses the recent development in the interpretation of Article 70 of the Arbitration Law by the Indonesian courts.
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Indonesian Equity Crowdfunding Regulation
The Financial Services Authority (“OJK”) issued OJK Regulation No. 37/POJK.04/2018, on 31 December 2018 on equity crowdfunding services (the “Crowdfunding Services”) which allow offers of shares for sale by an issuer directly to investors through an open information technology system (“POJK 37/2018”).
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New Regulation on The Types of Planned Businesses and/or Activities which Require an Environmental Impact Assessment
The Minister of the Environment and Forestry (“MOEF”) has issued Regulation No. P.38/MENLHK/SETJEN/KUM.1/7/2019 on The Types of Planned Businesses and/or Activities Plans which Require an Environmental Impact Analysis (“Reg 38/2019”), which came into effect on 5 September 2019.
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Regulation Sets Fines of up to IDR3 Billion for Environmental Non-Compliance
Issue 14, October 2024 | This article highlights the new regulatory framework that strengthens oversight and introduces significant penalties in Indonesia’s environmental sector, reinforcing the importance of compliance with environmental permits.
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New Indonesian Regulation Requires Ministerial Approval for Changes to Shareholdings or Board Members of Companies doing Business in the Field of Energy and Mineral Resources
On 14 July 2017, the Minister of Energy and Mineral Resources (“MEMR”) issued MEMR Regulation No. 42 of 2017 on the Supervision of the Implementation of Business Activities in the Field of Energy and Mineral Resources (“Reg 42/2017”)
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