Earlier this year, Indonesian President Joko Widodo's government submitted a draft bill to the country's parliament. The omnibus law, as it is widely known, is a comprehensive bill that would regulate many provisions in various industry sectors into one law. Lawyers say that when passed, it will strengthen the economy by increasing competitiveness, creating jobs and making it to easier to do business in Indonesia.
Indonesia Enacts Limited Concession Scheme to Recycle Existing Infrastructure Assets [Brought to you by AYMP]BY Mutiara Rengganis, Ayu Novianti |
To improve connectivity between its vast regions and support economic growth, Indonesia requires more infrastructure financing than ever. As an alternative to the existing Public-Private Partnership (PPP) scheme, the Government of Indonesia has recently introduced a new form of concession, i.e. Limited Concession Scheme (“LCS”) as stipulated under Presidential Regulation No. 32/2020 on Financing of Infrastructure through Limited Right of Utilization (“PR 32/2020”).
Davis Polk & Wardwell and Allen & Overy's Ginting & Reksodiputro are advising Indonesian payment, food delivery and ride-hailing app operator Gojek on investments from Facebook’s messaging app WhatsApp and PayPal, with Freshfields Bruckhaus Deringer representing the latter.
Now on its seventh year, the ALB Indonesia Law Awards will celebrate the outstanding contributions of law firms and in-house teams to Indonesia’s legal industry. To have more holistic, diverse and inclusive event, this year’s awards will feature new categories, including:
Latham & Watkins has advised U.S. industrial gases provider Air Products on its agreement to build $2 billion methanol production facility in East Kalimantan along with Bakrie Capital Indonesia and Ithaca Resources, who were represented by Mishcon de Reya.
Given the importance of the water resources in Indonesia, the governments of Republic of Indonesia just recently issued Law No. 17 of 2019 on Water Resources (“Water Resource Law”) to reform the former water resources law. Previously, according to Law No. 7 of 2004 on Water Resources (which has been nulliﬁed by the Constitutional Court of the Republic of Indonesia), the individual or business entities were allowed to obtain the rights to exploit and/or utilize water, including for the purpose to provide the drinking water. The Water Resource Law, however, provides a stricter requirement as the rights of the private sector to exploit and/or utilize the water resource are tightly limited to certain conditions.
Indonesia’s Kyora Law Firm, formerly ANC Attorneys at Law, has hired commercial disputes lawyer Triangga Kamal as a partner in Jakarta from Hogan Lovells’ associated firm Dewi Negara Fachri & Partners (DNFP), where he was a senior associate.
Is Indonesia’s star corruption watchdog too good at its job? A raft of changes that weaken state institution Komisi Pemberantasan Korupsi (KPK) has cast doubt over political promises that the Southeast Asian nation is serious about cracking down on corruption.
As Indonesia looks to attract more foreign investment in Jokowi’s second term, a number of measures are being proposed, including relaxations of banking rules and a new tax law. Lawyers in the country talk about what reforms they feel will be most effective.
Herbert Smith Freehills, along with its Indonesian associate firm Hiswara Bunjamin & Tandjung, has advised Indonesia’s Pertamina Rosneft Pengolahan dan Petrokimia on the appointment of an engineering company to design a new $16 billion refinery in Indonesia.