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With more than 270 million people, Indonesia is home to one of the largest Muslim populations in the world. In addition to understanding the origin, contents and safety of food and beverage products, Indonesian Muslim consumers are increasingly seeking assurance for Halal products consumed by them. There is also a growing Halal industry as Indonesia … Read more
A new stamp duty law came into effect in Indonesia on 1 January 2021 through Law No. 10 of 2020 on Stamp Duty. The new law includes detailed provisions on stamp duty obligations as well as several new stamp duty objects. Read more
In October 2020, the Indonesian Competition Commission (commonly known as the KPPU) issued new Guidelines on the Evaluation of Mergers, Consolidations and Acquisitions (the Guidelines). The Guidelines provide much needed clarity on the interpretation of KPPU Regulation No. 3 of 2019 (the 2019 Regulation), which sets out the categories of transactions subject to notification under Indonesia’s post-closing merger control regime. Read more
Indonesian competition law partner Sakurayuki discusses recent amendments to Indonesia's competition law rules and proposed new legislation with Adelaide Luke, Herbert Smith Freehills Asia Head of Competition. Read more
Insurance companies and their distribution partners, including banks, multi–finance companies, and digital platforms, should take note of a new circular letter issued by Indonesia’s Financial Services Authority on the marketing of insurance products. Read more
Indonesia’s Omnibus Law has been heralded for introducing significant reforms in a range of areas, including Indonesia’s laws on investment, employment, immigration, environmental standards, business licensing and building permits. In this article we discuss the potential impact on investors in the energy, resources and infrastructure sectors. Read more
Law No. 36 of 1999 on Telecommunications, which is the core legislation governing the telecommunications sector in Indonesia, is one of 78 laws amended by the Omnibus Law. The changes to the telecommunications law are intended to help accelerate Indonesia’s digital economy. Read more
The labour reforms in the Omnibus Law have largely been controversial because they are widely reported to introduce a fundamental shift in employee protection in Indonesia. While this is true for certain aspects of the law, such as employee entitlements upon termination, employers should be mindful that many of the changes may actually be employee-friendly. Read more
Indonesia’s widely heralded, but controversial, Omnibus Law is intended to remove a plethora of complexities and red tape across a range of existing laws that are seen to hinder business efficiency in Indonesia. It also aims to significantly reduce the barriers to foreign investment, supporting a more open and competitive economy. Read more
