Construction is a $1.7 trillion industry worldwide, contributing between 5 and 7 percent of GDP in most countries. However, it is also an industry that is highly vulnerable to corruption due to its inherent characteristics....more
7/18/2024
/ Bribery ,
Civil Liability ,
Construction Contracts ,
Construction Industry ,
Construction Project ,
Contract Terms ,
Corruption ,
Criminal Liability ,
Financial Crimes ,
Fraud ,
Hong Kong ,
Saudi Arabia ,
Serious Fraud Office (SFO) ,
Singapore ,
Surveys ,
UK ,
UK Bribery Act ,
United Arab Emirates (UAE) ,
White Collar Crimes
Traditional contracting has, in recent years, come under increasing criticism for being, among other things, unable to handle increasingly complex projects as there is little incentive for employers and contractors alike to...more
In our preceding articles for the Energy Efficiency series, our team examined the opportunities and risks in the context of greening existing real estate. This was linked to...more
4/7/2023
/ Association of Southeast Asian Nations (ASEAN) ,
Climate Change ,
Construction Industry ,
Construction Project ,
Energy Efficiency ,
Green Buildings ,
Paris Agreement ,
Regulatory Oversight ,
Regulatory Standards ,
Sustainable Business Practices ,
Sustainable Projects
Construction begins on Southeast Asia's largest floating solar power plant in Indonesia -
In early August 2021, plant developer PT PJB Masdar Solar Energi (PMSE) announced that it had reached financial closing for the 145...more
10/5/2021
/ Banking Sector ,
Electric Vehicles ,
Energy Projects ,
Indonesia ,
Liquid Natural Gas ,
Oil & Gas ,
Renewable Energy ,
Small and Medium-Sized Enterprises (SMEs) ,
Solar Energy ,
Solar Farm ,
Trade Agreements ,
Trade Negotiations ,
Trade Relations ,
United Arab Emirates (UAE)
Indonesia’s efforts to achieve their Nationally Determined Contributions (NDC) established in accordance with the Paris Agreement are still considered by Climate Tracker to be “Highly Insufficient”. Whilst this keeps them out...more
7/28/2021
/ Banking Sector ,
Carbon Emissions ,
Climate Change ,
Cryptocurrency ,
Data Centers ,
Digital Currency ,
Indonesia ,
Intended Nationally Determined Contributions (INDC) ,
Investment Funds ,
Korea ,
Paris Agreement ,
Popular ,
Renewable Energy ,
South Korea
New “priority list” for foreign investment
The Indonesian government has issued Presidential Regulation No. 10 of 2021 (the “Regulation”) at the end of February, following the passage of its job creation law last year...more
3/18/2021
/ Banking Sector ,
Clean Energy ,
Financial Services Authority ,
FinTech ,
Foreign Investment ,
Indonesia ,
Infrastructure ,
Infrastructure Financing ,
Investment Funds ,
Job Creation ,
Renewable Energy ,
Tesla
The COVID-19 pandemic has wreaked havoc on the hospitality sector, significantly impacting the financial performance of existing hotels and causing delays to new hotel projects. These impacts may result in hotel owners and...more
The COVID-19 pandemic has wreaked havoc on the hospitality sector, significantly impacting the financial performance of existing hotels and causing delays to new hotel projects. These impacts may result in hotel owners and...more
The COVID-19 pandemic has wreaked havoc on the hospitality sector, significantly impacting the financial performance of existing hotels and causing delays to new hotel projects. These impacts may result in hotel owners and...more
When COVID-19 hit, both insurers and the insured had to grapple with policy claims and whether a product responded to the crisis. This was no different in the construction industry where parties had to examine their policy...more
Since the onset of the COVID-19 outbreak, parties have searched for contractual clauses (or legal doctrines) which may release, or at the very least, alleviate some of the obligations they are required to perform.
In this...more
COVID-19 and Indonesia: 28 days later...
Since our client update in March, Coronavirus (COVID-19) and Indonesia: A Practical Checklist for Businesses, the Indonesian government has introduced numerous measures in response...more
The COVID-19 (Temporary Measures) Act (No. 14 of 2020) (the “Act”) was enacted and passed on 7 April 2020. Together with the financial measures announced across the three budgets (most recently in the Solidarity Budget of 6...more
As COVID-19 cases continue to span the globe, a significant economic impact is being felt globally. Businesses have been disrupted, cash flows have been interrupted and economies have been thrown into a huge negative shock....more
The Myanmar Corporate Governance Scorecard 2018 was recently published as an assessment of the corporate governance practices of 24 Myanmar companies. It is published by the International Finance Corporation (IFC), in...more