Mandatory Convertible Bond Agreement: A Must-Know Instrument for Corporate Lawyers
In assisting merger and acquisition transactions, corporate lawyers are often faced with various issues and concerns brought by the client.
Articles
16
Mar
2026
10
Nov
2025BKPM Regulation 5/2025 - Reduction on Paid-Up and Issued Capital for Foreign Direct Investment Company
On 2 October 2025, Indonesia introduced BKPM Regulation No. 5 of 2025, which simplifies the incorporation process for Foreign Direct Investment (PMA) companies. A key highlight of this regulation is the reduction of the minimum issued and paid-up capital requirement from IDR 10 billion to IDR 2.5 billion per company. This change will make it easier for foreign investors to enter or expand their presence in the Indonesian market.
22
Sep
2025Attrition of Rights: Navigating the Legal Boundary of Performances and Royalties in Indonesia
The Indonesian creative industry, particularly its music subsector, has recently been embroiled in controversies surrounding copyright infringement. There have been numerous high-profile cases, such as the dispute between singer Agnes Monica Muljoto, known as Agnez Mo, and composer Ari Sapta Hernawan, known as Ari Bias
25
Jun
2025Dugaan Tindak Pidana Korupsi dalam Pemberian Fasilitas Kredit Perbankan kepada PT Sri Rejeki Isman Tbk (‘Sritex’)
PT Sri Rejeki Isman Tbk, salah satu perusahaan tekstil terbesar asal Indonesia yang dikenal dengan nama 'Sritex', dinyatakan pailit oleh Pengadilan Niaga pada Pengadilan Negeri Semarang pada tanggal 21 Oktober 2024 dan resmi mengakhiri kegiatan operasional usahanya pada tanggal 1 Maret 2025 lalu.
27
Feb
2025Key Changes in the New Regulation on P2P Lending Operations
On 24 December 2024, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) issued OJK Regulation No. 40 of 2024 on Information Technology-Based Joint Funding Services (“OJK Reg. 40/2024”), replacing and revoking OJK Regulation No. 10/POJK/05/2022 on Information Technology-Based Joint Funding Services (“OJK Reg. 10/2022”).
16
Jan
2025LMKN: Key Player in Indonesia's Music Royalty Management
Lembaga Manajemen Kolektif Nasional ("LMKN"), or the National Collective Management Organization, plays a critical role in managing music royalties in Indonesia. Established under Law No. 28 of 2014 on Copyright, LMKN is authorized to collect and distribute royalties from the commercial use of music, ensuring fair compensation for creators, copyright holders, and related rights holders.
29
Jul
2024Family Offices: An Introduction to a comprehensive wealth management
The Indonesian government, through the Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, plans to establish a family office task force within the next month.
18
Jul
2024REGULATION UPDATE REGARDING IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES
As part of the Government of the Republic of Indonesia's commitments to investment certainty and public welfare in the mining sector
24
Apr
2024If You are Interested in pet food business, read here
The pet owners in Indonesia increased significantly after the pandemic. It led to the emergence of varieties of pet food ("Pet Food"), both imported and locally made.
12
Oct
2022NEW PEER TO PEER LENDING REGULATION ON INFORMATION TECHNOLOGY-BASED CO-FINANCING SERVICES
On 4 July 2022, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan) ("OJK") issued a new regulation in relation to online Peer to Peer Lending ("P2P"), concerning Information Technology-Based Co-Financing Services under OJK Regulation.
26
Aug
2022NEW REGULATIONS REGARDING APOSTILLE SERVICE
The Apostille service has simplified the process of legalizing foreign public documents quickly, affordably, and adapting to global developments for legal purposes,
03
Nov
2021COVID-19 PANDEMIC TRIGGERS DIGITAL AND E-COMMERCE GROWTH IN INDONESIA
The COVID-19 pandemic propels e-commerce growth in Indonesia as customers have to turn to online platforms to shop amid movement restrictions and health safety. This is thus pushing more and more businesses to sell their products online.
16
Sep
2021NEW INVESTMENT VALUE AND CAPITAL REQUIREMENTS FOR FOREIGN DIRECT INVESTMENT COMPANIES
Recently, the Ministry of Investment (formerly Investment Coordinating Board ("BKPM")) issued the BKPM Regulation No. 4 of 2021 concerning the Guidelines and Procedures for Risk-Based Business Licensing Services and Investment Facilities ("BKPM Regulation No. 4/2021") in order to ensure the implementation of Government Regulation No. 5 of 2021 on the Organization of Risk-Based Business Licensing ("GR 5/2021")
10
Aug
2021EMPLOYMENT ALERT: UTILIZATION OF EXPATRIATES
Commonly, the utilization of expatriates in Indonesia reflects a need for talent in certain positions. The employment of such foreign workers in Indonesia must be in accordance with the procedures for using foreign workers, as ordinarily regulated by the government and/or the Minister of Manpower
26
Jul
2021CHANGES IN THE EMPLOYMENT REGULATIONS REGIME: TEMPORARY EMPLOYEE, OUTSOURCING, TERMINATION OF EMPLOYMENT, MINIMUM WAGE AND SOCIAL SECURITY PROGRAM
The employment sector is one of the clusters that has received the most attention since the issuance of the Omnibus Law. Following our previous newsletter, there were uncertain matters that have not been regulated under the Omnibus Law considering those matters that will be further regulated under the government regulations.
09
Mar
2021JOB CREATION LAW: IT IS NOW EASIER FOR FOREIGNER TO OWN APARTMENT UNIT IN INDONESIA
As Southeast Asia’s largest economy and one of the world’s fastest-growing economies, Indonesia offers plenty of career opportunities for locals and expatriates alike.
29
Jan
2021JOB CREATION LAW: EASE OF DOING BUSINESS VS. LICENSING
On 2 November 2020, President Joko Widodo signed Law No. 11 of 2020 concerning Job Creation (“Job Creation Law”). The Job Creation Law is expected to increase the investment, ease doing business in Indonesia, and enlarge job opportunities for Indonesian workers.
14
Jan
2021THE GOVERNMENT IMPLEMENTS LAND BANK CONCEPT IN INDONESIA
The enactment of Law No. 11 of 2020 concerning Job Creation (“Omnibus Law”) on 2nd November 2020 amends 78 (seventy-eight) prevailing legislations and also brings a new concept in Indonesia. One of them is the “Land Bank” concept.
05
Jan
2021JOB CREATION LAW: SIMPLIFICATION OF INVESTMENT REQUIREMENTS AND ITS LICENSING
The Job Creation Bill was finally promulgated as Law No. 11 of 2020 concerning Job Creation (“Job Creation Law”) on 2 November 2020. This Job Creation Law is over 1.187 pages long, consists of 186 articles, which ultimately amends 78 prevailing legislations.
25
Nov
2020JOB CREATION LAW: THE EMPLOYMENT LAW REFORM
After a prolonged discussion, the Job Creation Bill was finally promulgated as Law No. 11 of 2020 concerning Job Creation (“Job Creation Law”) on 2 November 2020. This Job Creation Law is over 1.187 pages long, consists of 186 articles, which ultimately amends 78 prevailing legislations.
01
Oct
2020THE GOVERNMENT ENACTS THE NEW PROCEDURES ON THE UTILIZATION OF STATE-OWNED ASSETS
The Ministry of Finance (“MoF”) issued the Regulation No. 115/PMK.06/2020 of 2020 on the Utilization of State Owned Assets (“MoF Reg No. 115/2020”), which came into force on 31 August 2020.
18
Sep
2020ESTABLISHING BUSINESSES IN INDONESIA DURING COVID-19 PANDEMIC
The coronavirus disease 2019 (“COVID-19”) is not only striking out every aspect of day-to-day life but also causes a disruption in the Indonesian investment climate.
17
Sep
2020THE GOVERNOR OF DKI JAKARTA HAS RE-APLLIED THE POLICY OF LARGE SCALE SOSIAL RESTRICTION AS AN EMERGENCY BRAKE MEASURE
The Governor of the Special Capital Region of Jakarta Province (“DKI Jakarta”) has been forced to re-apply the Large Scale Social Restriction (Pembatasan Sosial Berskala Besar/”PSBB”) due to the significant escalation of the spread of Coronavirus Disease 2019 (“COVID-19”)
11
Sep
2020THE JOURNEY OF THE DIGITAL REVOLUTION FOR MORTGAGE REGISTRATION SERVICE IN INDONESIA
A digital government service is one of the basic capabilities of national automated system offered by several government agencies in Indonesia.
27
Aug
2020THE FUNCTION AND LEGAL POWER OF ELECTRONIC SIGNATURES IN INDONESIA
During the COVID-19 pandemic in Indonesia since March 2020, various services such as overseas flights and other economic activities in Indonesia have stopped.
26
Aug
2020NEW REGULATION REGARDING TRADING BUSINESS LICENSING
On the 10th of February 2020, the Minister of Trade (“Minister”) has issued Regulation No. 8 of 2020 concerning in Electronically Integrated Business Licensing Service within the Trade Sector (“Regulation No. 8/2020”), as the new legal framework for licensing services in trade sector
11
Aug
2020INDONESIAN VERSION OF REAL ESTATE INVESTMENT TRUST (REIT)
The Real Estate Investment Fund (Dana Investasi Real Estat or “DIRE”) has been known since 2007 in Indonesia.
17
Jul
2020NEW NORMAL IMMIGRATION SERVICE BASED ON CIRCULAR LETTER NO. IMI-GR.01.01-1102 OF 2020
On 10 July, 2020, the Ministry of Law and Human Rights-Directorate General of Immigration issued a Circular Letter No. IMI-GR.01.01-1102 of 2020 concerning Immigration Stay Permit Services in New Normal (“Circular Letter”).
12
Jun
2020COVID-19 TASK FORCE CIRCULAR LETTER NO. 7 OF 2020 CONCERNING TERMS AND CONDITIONS OF PEOPLE TRAVELING DURING ADAPTATION PERIOD OF NEW NORMAL FOR PRODUCTIVE AND SAFE SOCIETY FROM CORONA VIRUS (COVID-19)
Indonesian COVID-19 Task Force on 6 June 2020 issued further guidance on health procedure for traveling within Indonesia and arrival from overseas.
29
May
2020GOVERNMENT ISSUES THE “NEW NORMAL” POLICY FOR WORKPLACES DURING COVID-19 PANDEMIC
In an attempt to support the government’s “new normal” policy while supporting the sustainability of businesses in amidst of COVID-19 pandemic, the Ministry of Health has issued the health protocols for the employer and its employees to mitigate the spread of COVID-19 in the workplaces
27
May
2020THE INDONESIAN FINANCIAL SERVICE AUTHORITY (“OJK”)’S AUTHORITY TO ORDER RESTRUCTURING AGAINST INDONESIAN BANKS
To overcome the deterioration of Indonesian economic due to the impact of Covid-19 pandemic and as one of the implementing regulations of the Government Regulation in Lieu of Law No. 1 of 2020
30
Apr
2020CAN THE CONTRACTUAL PARTIES CLAIM A COVID-19 PANDEMIC AS FORCE MAJEURE EVENT?
The rapid spread of COVID-19 has caused the World Health Organization (WHO) declares a public health emergency and leading to Indonesian government closes international borders for temporary.
14
Apr
2020THE POLICY OF LARGE SCALE SOCIAL DISTANCING IN THE SPECIAL CAPITAL REGION OF JAKARTA PROVINCE AS A RESPONSE TO THE COVID-19 PANDEMIC
The Governor of the Special Capital Region of Jakarta Province (“DKI Jakarta”) issued the Decree No. 380 of 2020 concerning the Enactment of Large Scale Social Distancing Implementation In Handling the Corona Virus Disease 2019 (COVID-19)
08
Apr
2020PRACTICAL INFORMATION FOR LIMITED STAY PERMIT/”ITAS” AND PERMANENT STAY PERMIT/”ITAP” HOLDERS AS OF 2 APRIL 2020 UNTIL FURTHER NOTICE
On 2 April 2020, the Directorate General of Immigration has issued the Circular Letter No IMI-GR.01.01-2325 of 2020 Regarding the Temporary Ban for Foreigners to Enter into Indonesia (“Immigration Circular Letter No. 2325/2020”).
01
Apr
2020OJK ISSUES REGULATION ON THE COUNTERCYCLICAL POLICY FOR BANKS AND THEIR DEBTORS TO MITIGATE THE IMPACTS OF THE COVID-19 PANDEMIC
The Financial Services Authority (Otoritas Jasa Keuangan/”OJK”) issues the regulation No. 11/POJK.03/2020 of 2020 concerning the Stimulation of National Economic as the Countercyclical Policy of the Coronavirus Disease 2019 Spread (“POJK No. 11/2020”). POJK No. 11/2020, which was enacted on 16 March 2020,
01
Apr
2020INDONESIA PROHIBITS ALL ARRIVAL AND TRANSIT BY FOREIGNERS IN INDONESIA
On 31 March 2020, Ministry of Law and Human Rights has issued a new regulation No. 11 of 2020 Regarding the Temporary Ban for Foreigners to Enter into Indonesia (“Permenkuham No. 11/2020”).
25
Mar
2020COVID-19 AND THE IMPLICATIONS TO THE BUSINESS OPERATION AND EMPLOYMENT IN INDONESIA
To responding the World Health Organization (WHO) statement on 11 March 2020 that declared the Corona Virus Disease 19 (“COVID-19”) as a global pandemic, Indonesian Government, through National Disaster Management Board (Badan Nasional Penanggulangan Bencana)
07
Jan
2020ALTERNATIVE PROCEDURE FOR REGISTERING LAND SECURITY RIGHTS IN INDONESIA
The Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency “MoA” has issued the Regulation No. 9 of 2019 concerning Electronically Integrated Security Rights Services (“MoAR No. 9/2019”) which has been in force since 21 June 2019.
28
Oct
2019NEW PRESIDENTIAL REGULATIONS ON THE USE OF THE INDONESIAN LANGUAGE IN A WIDE RANGE OF ACTIVITIES
For a decade, the Law No. 24 of 2009 on National Flag, Language, Emblem and Anthem (“Law No. 24/2009”) requires both foreign and local business actors to use Indonesian language for transactions and commercial documents that involve the Indonesian party.
27
Aug
2019LOCATION PERMITS FOR FILMMAKING IN INDONESIA BY FOREIGN PARTIES
On 31 December 2018, the Ministry of Education and Culture (“MOEC”) issued the Regulation No. 48 of 2018 concerning Location Permits for Filmmaking in Indonesia by Foreign Parties (“Regulation No. 48/2018”).
19
Feb
2019OJK ISSUES REGULATION ON EQUITY CROWDFUNDING
The Financial Services Authority (Otoritas Jasa Keuangan/”OJK”) has issued regulation on Equity Crowdfunding, i.e. OJK Regulation No. 37/POJK.04/2018 concerning Equity Crowdfunding (“POJK No. 37/2018”) which has been in force since 31 December 2018.
23
Nov
2018THE NEW MINIMUM WAGE FOR THE JAKARTA PROVINCE OF YEAR 2019
On 9th October 2018, the Governor of the Special Region of Jakarta (“Governor”) has enacted the new regulation regarding the 2019 provincial minimum wage, namely the Governor of DKI Jakarta Regulation No. 114 of 2018 (“Governor Regulation No 114/2018”).
31
Aug
2018ONLINE SINGLE SUBMISSION (OSS)
On 21 June 2018, President of the Republic of Indonesia, Joko Widodo issued and enacted Governmental Regulation No. 24 Year 2018 concerning Electronically Integrated Business Licensing Services (“Regulation”).
06
Jun
2018BANK INDONESIA ISSUES NEW REGULATION ON ELECTRONIC MONEY
Bank Indonesia (“BI”) has issued the newest regulation on Electronic Money (“E-Money”), i.e. Bank Indonesia Regulation No. 20/6/PBI/2018 on Electronic Money (“PBI 20/2018”).
02
Apr
2018THE NEW MINIMUM WAGE FOR THE JAKARTA INDUSTRIAL SECTOR FOR 2018
The Governor of the Special Region of Jakarta (“Governor”) has determined the 2018 minimum wages for workers in several industrial sectors through the issuance of the Governor Regulation No. 16 Year 2018 concerning the 2018 Minimum Wages for the Industrial Sector (Upah Minimum Sektoral Provinsi/”UMSP”)
13
Oct
2017NATIONAL PAYMENT GATEWAY REGULATED
The development of technology has provided new and innovative systems to cater the needs of the public. This includes development and innovation in the sector of finance which covers a variety of needs such as payment transactions and payment instruments.
17
Feb
2017NEW MINISTER OF ENERGY AND MINERAL RESOURCES REGULATIONS
The Minister of Energy and Mineral Resources has issued a new regulation No. 05 of 2017 concerning the Enhancement Value Added of Minerals through Domestic Minerals Processing and Refinery Activities
23
Aug
2016NEW REGULATION IN GUIDANCE FOR BORROW TO USE FOREST AREA PERMITS
The Ministry of Environment and Forestry has issued the Regulation No. P.50/Menlhk/Setjen/Kum.1/6/2016 concerning the Guidance for Borrow to Use Forest Area Permits (“Regulation No. 50”).
19
Aug
2016THE MANDATORY RELINQUISHMENT AND ANNULMENT OF LAND CULTIVATION RIGHT AND RIGHT TO USE OVER AREAS OF BURNED LAND
The Minister of Agrarian Affairs and Spatial Planning/Head of National Land Affairs Agency has issued regulation No. 15 of 2016 concerning The Procedures of Relinquishment and Annulment of Land Cultivation Right (Hak Guna Usaha/HGU) and Right to Use (Hak Pakai) Over Areas of Burned Land (“Regulation No. 15”).
11
Aug
2016NAVIGATING INDONESIA'S INTERNATIONAL TRADE OBLIGATIONS: TERMINATION OF SAFEGUARD INVESTIGATION
Lawyers from Yang & Co recently represented foreign clients under investigation by the Indonesian Safeguard Committee of Ministry of Trade accused of unfair international trade practices.
08
Apr
2016PROPERTY OWNERSHIP OF LAND BY FOREIGN CITIZEN
On 28th December 2015 the Government has issued regulation No. 103 of 2015 on the Ownership of Residential Property by Foreigner Domiciled in Indonesia (“2015 Regulation”).
04
Mar
2016WATCH OUT! NEW PARTNERSHIP AUDIT RULES IMPACT MORE AREAS THAN YOU MAY THINK
Audits of partnerships aren’t a flashy topic, but new audit rules will have everyone scrambling to figure out their implications.
17
Sep
2015THE FAA'S DRONE DILEMMA: THE NEED FOR REGULATION VS. LIBERAL LICENSING BY WILLIAM D. JANICKI AND LEE C. SCHMEER
Perhaps no issue has drawn as much attention to the Federal Aviation Administration in recent months as its much anticipated final regulations for small unmanned aircraft systems (UAS), or drones, expected in the early part of 2017.
29
Apr
2015NEW BANK INDONESIA REGULATION
Bank Indonesia (BI) has issued new regulation No. 17/3/PBI/2015 concerning the Obligation to Use Indonesian Rupiah in the Territory of the Republic of Indonesia (“PBI No. 17/3/PBI/2015”) dated 31 March 2015.
19
Mar
2015FASTER TIMEFRAME ON CASE EXAMINATION IN THE SUPREME COURT
On 31 December 2014, the Chief of the Supreme Court issued the Decree No. 214/KMA/SK/XII/2014 regarding Time Period For Handling Cases at the Supreme Court (“Decree 214”).
05
Mar
2015NEW REGULATION IN STEVEDORING ACTIVITIES
The Ministry of Transportation has issued the Regulation of the Ministry of Transportation of the Republic of Indonesia Number PM 60 Year 2014 regarding the Management and Business of Loading and Unloading of Goods from and to Vessels (Stevedoring)
27
Feb
2015SUPREME COURT ANNOUNCES STANDARD OF REVIEW FOR FACTUAL ISSUES UNDERLYING PATENT CLAIM CONSTRUCTION: IMPLICATIONS BEYOND PATENT LAW
The United States Supreme Court, clarifying the proper standard of review of factual findings arising during a court’s construction of patent claims, held that such “Evidentiary Underpinnings” should be reviewed for clear error rather than de novo.
26
Feb
2015PROVINCIAL SECTORAL MINIMUM WAGE FOR 2015
The Governor of the Jakarta Special Capital City Region has determined the minimum wage for specific industrial sectors under the Governor Regulation No. 20 of 2015 concerning the Provincial Sectoral Minimum Wage
20
Nov
2014PRUDENTIAL PRINCIPLES IN MANAGING NON-BANK CORPORATE OFFSHORE LOAN
In October 2014, Bank Indonesia (“BI”) has issued Regulation of Bank of Indonesia No. 16/20/PBI/2014 concerning Implementation of Prudential Principles in Managing Non-Bank Corporate Offshore Loan (“PBI”)
04
Nov
2014THE “SEPARATE ENTITY RULE” REMAINS ALIVE AND WELL IN NEW YORK STATE
On October 23, 2014, in Motorola Credit Corp. v. Standard Chartered Bank, No. 162, 2014 N.Y. LEXIS 2946 (2014), the New York State Court of Appeals, New York’s highest court, answered in the affirmative the following question certified to the court by the U.S. Court of Appeals for the Second Circuit
20
Oct
2014BILL ON PLANTATION
The House of Representative has initiated to amend Law No. 18 of 2004 concerning Plantation (“Law No. 18 of 2004”). The purpose of the issuance of the new law is because the government considers that Law No. 18 of 2004 is no longer in compliance with the current plantation business in Indonesia
18
Sep
2014COMPANY FOLDER
Recently, the Indonesian Investment Coordinating Board (“BKPM”), has issued a circular letter No: 252.A.8/2014 (“Circular Letter”), which obliges all existing capital investment companies in the form of a legal entity company in Indonesia (“Company”) to register itself in the SPIPISE starting from 1 September 2014 until 30 September 2014
08
Jul
2014AFFIRMATIVE BUSINESS LITIGATION IN THE UNITED STATES AND IN OTHER COUNTRIES
For a long time, businesses have thought of litigation as a burden, requiring many hours of employee time responding to discovery requests, as well as often incurring significant legal fees and other related costs.
18
Jun
2014NEW NEGATIVE INVESTMENT LIST
The Presidential Regulation Number 39 of 2014 regarding List of Business Fields That Are Closed For Investment and Business Fields That Are Conditionally Open For Investment, or is also known as the Negative Investment List/Daftar Negatif Investasi (“DNI 2014”) was enacted on the 24th of April 2014
05
Jun
2014RESOLVING LEGAL DISPUTES IN THE UNITED STATES: LITIGATION, ARBITRATION OR MEDIATION
As Indonesian companies expand their businesses into the United States, the potential for conflict also increases. Many parties doing business in the United States opt to resolve their disputes through litigation in the U.S. court system.
10
Mar
2014PROTECTING YOUR US BUSINESS FROM UNFAIR COMPETITION BY FORMER EMPLOYEES REQUIRES TIMELY AND PRUDENT ACTION
The potential risks posed to a business by former employees are common to employers worldwide. Whether an employee is working in Jakarta, London or New York at termination of the employment relationship makes little difference
10
Feb
2014PERMENTAN NO. 98/2013 LIMITS AREA, BUT EXPANDS OBLIGATIONS, FOR PLANTATION COMPANIES IN INDONESIA
The government of the Republic Indonesia has set higher qualifications for plantation companies by issuing Regulation of the Minister of Agriculture No. 98/PERMENTAN/OT.140/9/2013 of 2013 concerning the Guidelines of Plantation Business Licensing ("Permentan No. 98/2013").
20
Dec
2013RAISING CAPITAL THROUGH AN IPO IN THE U.S.
There are many reasons why an Indonesian company seeking to raise capital may want to undertake an initial public offering (IPO) in the United States
05
Dec
2013MORE STRINGENT REGULATION ON SHARE DIVESTMENT AND FOREIGN INVESTMENT FOR MINING COMPANY
Regulation of the Minister of Energy and Mineral Resources No. 27 of 2013 concerning the Procedure and Price Fixing for Share Divestment and Changes to Investment in Mineral and Coal Mining Business (“PERMEN No. 27/2013”) was issued on 13 September 2013
