Omnibus Law in Indonesia [Brought to you by IABF]
BY Michael Pandjaitan, S.H., LL.M. |
The idea of Omnibus Law is considered by many as a major attempt to achieve the government’s objective to accelerate Indonesia’s economy growth by attracting more investment and improving the ease of doing business in Indonesia. The government has finally decided to drastically act upon the long-ingrained issues that have been deterred foreign investment in Indonesia i.e. the over-regulation and the bureaucratic inefficiency.