In February 2023, the Loan Market Association (LMA), the Asia Pacific Loan Market Association (APLMA) and the Loan Syndications and Trading Association (LSTA) re-issued the Sustainability-linked Loan (SLL) Principles and the...more
8/15/2023
/ Bank Loan Markets ,
Borrowers ,
Environmental Social & Governance (ESG) ,
Financial Institutions ,
Financial Services Industry ,
Indonesia ,
Lenders ,
Loan Syndication and Trading Association (LSTA) ,
Loans ,
Sustainability-Linked Loans (SLLs) ,
Sustainable Finance
Law No 38 of 2004 on Roads was amended on 12 January 2022 by Law No 2 of 2022 (the Road Law) and we have identified three changes which impact investment in the toll road sector. One is relating to tariff, the other on...more
The regulatory overview of railway business in Indonesia including the type of public rail, implementing business entity, rail infrastructure, facilities, capital and foreign ownership, and tariff....more
There is a strong consensus now that the PPP model works. In the last five years the number of PPP projects increased quite exponentially. The PPP market is made up largely by local investors and local financiers. State-owned...more
On 9 September 2021, the Government of Indonesia issued Government Regulation No. 96 Year 2021 on the Implementation of Mineral and Coal Mining Business Activities (GR 96/2021). GR 96/2021 provides further elaboration on...more
On 2 November 2020, Indonesia’s Law on Job Creation went into effect.
The Law, amends or revokes over 78 existing laws and introduces new provisions with the aim of increasing investment into Indonesia, and in turn...more
As Covid-19 coronavirus continues to spread across the globe, the various forums for dispute resolution worldwide find themselves presented with novel challenges, in particular relating to issues around physical attendance at...more
Like in many other jurisdictions, panic selling amid the Covid-19 coronavirus outbreak has caused significant price fluctuations for securities listed on the Indonesian Stock Exchange (IDX)....more
OJK recently passed a new regulation on increasing the capital of public companies through pre-emptive rights. This regulation consolidates two regulations regarding pre-emptive and non pre-emptive capital increase of public...more
BKPM is moving in a new direction on certain approvals for changes to shareholder ownership in PMA mining companies. The new rule replaces the old paper-based licences and approvals method (issued by BKPM) with submissions...more
The OJK recently passed Regulation No.9/POJK.04/2018 on Public Company Takeover, which revokes Rule No.IX.H.1. Key changes under the new regulation are a) a takeover that is carried out through a rights issue of the target...more
Less than three weeks after its issue, the Minister of Energy and Mineral Resources has revoked Regulation No. 42 of 2017 on Supervision of Business Activities in the Energy and Natural Resources Sector and replaced it with...more
The Ministry of Energy and Mineral Resources (MEMR) has recently issued Regulation No. 49 of 2017 (Reg.49/2017) amending Regulation No. 10 of 2017 on Principles of Power Purchase Agreements (Reg. 10/2017) in Indonesia. Reg....more
Six months after issuing Regulation 11/2017 on the utilisation of natural gas for power generation, the Minister of Energy and Mineral Resources has replaced it with Regulation 45/2017 on the same topic. Reg. 45/2017 raises...more
Indonesia just issued a new regulation (Reg. 42/2017) that extends governmental control on private and foreign investment in the energy and mining sectors.
Whilst similar forms of control already existed in the upstream...more
The Ministry of Energy and Mineral Resources of the Republic of Indonesia (MEMR) recently issued Regulation No. 10 of 2017 on Principles of Power Purchase Agreements (Regulation 10/2017) which sets out a number of principles...more
The Ministry of Energy and Mineral Resources of the Republic of Indonesia (MEMR) recently issued regulation No. 12 of 2017 on the utilisation of renewable energy sources for electricity supply (Regulation 12/2017).
Key...more
The Ministry of Energy and Mineral Resources of the Republic of Indonesia (MEMR) recently issued MEMR Regulation No. 11 of 2017 on the Utilisation of Natural Gas for Power Generation (Regulation 11/2017).
Key...more
The Government of the Republic of Indonesia on 11 January 2017 issued new mining regulations regulating (i) ‘new’ share divestment requirements for foreign investment companies holding an IUP or IUPK; and (ii) new export...more
Shortly after the issuance of a new regulation for the development of solar power projects in Indonesia, the Government of Indonesia is now introducing a new regulation on the purchase of electricity by PLN from biomass and...more
The Government of Indonesia has just announced it will tender out at least 5,000MW of solar projects by the end of 2018 based on a newly enacted regime for the development of PV solar projects. The regime detailed in the...more