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YEARS

COMPANY ARCHIVE OBLIGATIONS

On 27 February 2012, the Government issued Government Regulation No. 28 of 2012 on the Implementation of Law No. 43 of 2009 on Archives (“GR 28/2012”)

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INDONESIA'S M&A NOTIFICATION REGIME

Over a decade has now passed since the passage of Indonesia’s Anti-Monopoly Law (“AML”) in 1999.

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GOOD CORPORATE GOVERNANCE FOR INSURANCE COMPANIES

The Ministry of Finance has issued new Regulation No. 152/PMK 010/2012 on Good Corporate Governance dated 3 October 2012 (“Regulation No. 152”) as an implementation of Government Regulation No. 7 of 1992 on Insurance Business

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NEW BANK INDONESIA REGULATIONS: AN EFFORT TO BRING HOME OFFSHORE LOAN AND EXPORT PROCEEDS

On 30 September 2011, Bank Indonesia promulgated new Bank Indonesia regulations1 requiring export and offshore loan proceeds to be received and drawn down (as applicable) through foreign exchange banks in Indonesia (including branches of foreign banks in Indonesia) (“FX Banks”) which willcome into effect as of 2 January 2012 (“Bank Indonesia Regulations”).

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INDONESIA'S NEW CURRENCY LAW

On 28 June 2011, the Indonesian Government enacted Law No 7 of 2011 regarding Currency which came into force on the date of its enactment.

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