17 May 2017
South Korea is currently Indonesia’s third biggest investor after Singapore and Japan with an aggregate total investment in the last five years (2012 – 2017) of US$ 7.5 billion represented by 7,607 projects in Indonesia. Building on this growth, ZICO Law is pleased to announce that Roosdiono & Partners (“R&P”) and Yulchon LLC (“Yulchon”) have […]
6 March 2017
In this latest move to increase the ranking of Ease of Doing Business by World Bank and support business actors in trade sector, the Government of Indonesia (i) removes the requirement to re-register Trade Business License or Surat Izin Surat Perdagangan (“SIUP”) and (ii) simplifies the renewal of Company Registration Certifitcate or Tanda Daftar Perusahaan […]
22 February 2017
On 12 January 2017 Indonesia just enacted a new Construction Service Law No. 2 of 2017 (“New Construction Law”) replacing Law No. 18 of 1999 concerning Construction Service (“Law 18/1999”), which had been implemented for more than 17 years. The main aims of this new Construction Law are to increase the competitiveness of national construction […]
5 January 2017
Despite being the largest economy in Southeast Asia and having the largest Muslim population in the world, Islamic finance is currently underutilised in Indonesia. However, its growth and potential is showing a rapid increase: Islamic banking assets in Indonesia rose from USD8 billion in 2010 to USD22 billion in 2014 to outpace conventional banking. Likewise, […]
2 November 2016
Changes to Indonesian Trademark Laws Following the enactment of the new Patent Law on 27 October 2016, the Indonesian House of Representatives has approved and passed a new trademark bill aimed to streamline the trademark application process and provide greater protection for trademark owners in Indonesia (“New TM Law“). Among other things, the New TM […]
31 October 2016
GENERAL OVERVIEW After early scepticism, Indonesia closed the first out of three tax amnesty periods with triumph by reaching Rp 4,500 trillion (± USD 360 billion) of assets declaration by 347,033 taxpayers and Rp 137 trillion (± USD 10 billion) of assets repatriation. Based on the outcome of this first period, Indonesia Tax Amnesty is […]
24 October 2016
The DGIP issued a circular letter dated 30 September 2016 on the transition period of annuity payment system under Law No. 13 of 2016 regarding Patent (“New Patent Law”) which was enacted on 26 August 2016 (“Enactment Date”) Under the New Patent Law, patent annuity payments must be made at the outset of the protection […]
11 July 2016
In conjunction with the 10th Economic Policy Package of Indonesia, on 18 May 2016, a new negative investment list in the form of the Presidential Decree No. 44 of 2016 on the List of Business Fields Closed and Business Fields Open with Conditions for Investment in the investment sector (the “2016 DNI Regulation”) was issued […]
14 March 2016
Endra A. Prabawa Partner Intellectual Property Intellectual Property Litigation dl: +6221 2978 3808 e: endra.prabawa@zicolaw.com For more information about Endra, please click here. We are pleased to announce the appointment of our new partner, Mr. Endra Prabawa to the Roosdiono & Partners team, effective 1 March 2016. Endra will be heading […]
17 February 2016
Islamic Finance Training Series 2016 We, ZICO|shariah and Roosdiono & Partners (a member of ZICO|law), would like to invite you to attend the “Islamic Finance Training Series” which will be held with the following details: 1.First Training Topic: Islamic Unit Trusts and Islamic Real Investment Trusts (i-REITs) Date: 14 March 2016 *Please find enclosed the […]