Legal Alert | Mandatory Use of Letter of Credit (L/C) for Export of Certain Goods

25 October 2018

On 7 September 2018, the Minister of Trade (MOT) issued Regulation of the MOT No. 94 of 2018 (Reg. 94). Despite superseding three MOT regulations issued in 2015 that previously regulated the same main provisions, this Reg. 94 still requires a L/C as a mandatory payment instrument for export of 13 types of minerals, 7 […]

Legal Alert | New Rules for Employing Expatriates in Indonesia

28 June 2018

On 26 March 2018, the President of Republic of Indonesia issued the Presidential Regulation No. 20 of 2018 on the Utilisation of Expatriates (“PR 20/2018”). This regulation revokes the Presidential Regulation No. 72 of 2014 on the Utilisation of Expatriate and Application of Education and Training of Manpower Companion (“PR 72/2014”). The significant changes under […]

Legal Alert | Identification and Reporting of Beneficial Owners Now Mandatory

28 June 2018

Effective 5 March 2018, each entity in Indonesia must identify and report its beneficial owner(s) to Authorized Institutions to combat money laundering and terrorism funding. This new requirement was stipulated in President Regulation No. 13 of 2018 concerning Implementation of the Principle of Knowing Beneficial Owner of Corporations related to the Prevention and Eradication of […]

Legal Alert | Key Amendments to the E-money Regulation

28 June 2018

On 3 May 2018, the Bank of Indonesia (“BI”) issued a new regulation No. 20/6/PBI/2018 (“PBI 20/2018”) on electronic money or e-money, which repealed the previous e-money regulations. E-money regulations was first issued in 2009 and subsequently amended in 2014 and 2016. E-money is defined as a payment instrument that is (a) issued based on […]

Teras Narang & Partners merges into Roosdiono & Partners (a member of ZICO Law)

2 May 2018

ZICO Law is proud to announce the merger of Teras Narang & Partners (TN&P) into Roosdiono & Partners (R&P, a member of ZICO Law), effective as of 2 May 2018. R&P retains its name after the merger. TN&P was formerly a boutique litigation firm led by Managing Partner Agnesya Narang. With over 99 years of practice […]

Entire team from Kandar & Partners joins Roosdiono & Partners, adding further strength

2 January 2018

Award-winning corporate law firm, Kandar & Partners has joined Roosdiono & Partners (a member of ZICO Law) [R&P] as of 1 January 2018. With a team of seven, Fadjar Widjaksana Kandar joins R&P as Co-Executive Partner alongside Leoni Silitonga and heads the firm’s Projects & Resources practice group. Meanwhile, Partner Barryl Rolandi joins R&P’s Banking & Finance practice group, led by Leoni Silitonga. Fadjar Kandar is a senior lawyer with 26 years […]

IP Alert | Indonesia | New Customs Regulations for Infringement of Intellectual Property Rights

17 August 2017

New Customs Regulations for Infringement of Intellectual Property Rights On 2 June 2017, the Government of Indonesia enacted the Government Regulation No. 20 Year 2017 on Import or Export Control for Goods Suspected of Infringing Intellectual Property Rights (“GR 20/2017”).  The GR 20/2017 is an implementing regulation of the 2016 Indonesian Customs Law which sets […]

IP Alert | Indonesia | Dispute on Domain Name

19 July 2017

Trademark is a business identity. It is important to note that having a registered trademark does not automatically give you the right over a domain name incorporating the trademark. “Domain Name” is a unique name used as an address on the internet, to be used for e-mail address, site address, and any other internet-based addresses. […]

Legal Alert | Indonesia | Mandatory Formulation of Wage Structure and Scale

19 July 2017

On 21 March 2017, Regulation No.1 of 2017 on Wage Structure and Scale (“MOM 1/2017”) was issued by the Minister of Manpower which now requires Indonesian employers to formulate and apply a wage structure and scale to all of their employees within a company. The wage structure and scale could range from the lowest to […]

Legal Alert | Indonesia | OJK Amends GMS Procedure for Public Listed Companies

19 July 2017

The Indonesian Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) recently issued a new regulation No.10/POJK.04/2017 (“OJK Regulation No. 10/2017”), which amends regulation No.32/POJK.04/2014 concerning Plan and Procedure to Conduct General Meetings of Shareholders (“GMS”) for Public Listed Companies.  OJK Regulation No.10/2017 was promulgated on 14 March 2017. The 3 Key Changes 1. New procedures […]