Amendments on The Establishment, Management, Supervision and Dissolution of State-Owned Enterprises

On June 8, 2022, President Joko Widodo signed Government Regulation No. 23 of 2022 (“GR No. 23/2022”) on Amendments to Government Regulation No. 45 of 2005 (“GR No. 45/2005”) on The Establishment, Management, Supervision and Dissolution of State-Owned Enterprises. GR No. 23/2022 amends several provisions of GR No. 45/ 2005.

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Updates on the Procedures for Obtaining Construction Business Entity Certificates (SBU)

The Ministry of Public Works and Housing (“MPW”) has issued the Circular Letter No. 21/SE/M/2021 on The Procedures for Fulfillment of the Business License Requirements, the Implementation of Construction Work Competence Certification, and the Implementation of Business Entity Certificates and Construction Work Competence Certificates (“Circular Letter”).

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Grounds for the Annulment of Domestic Arbitration Awards in Indonesia (Recent Development)

This advisory discusses the recent development in the interpretation of Article 70 of the Arbitration Law by the Indonesian courts.

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The Indonesian Constitutional Court Ruling on the Omnibus Law: Unconstitutional with Conditions?

The Indonesian Constitutional Court ruled on an application for a judicial review of Law No. 11 of 2020 on Job Creation.

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Financial Services Authority (OJK) Regulates Digital Banks

This advisory focuses on the main aspects which a Bank which intends to engage in the digital banking business must consider.

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