ARMA Updates

• ARMA UpdatesSeptember 21, 2023

  Indonesia Introduces CCU and CCUS Regulations

    Indonesia has taken significant steps toward the implementation of Carbon Capture and Storage and Carbon Capture, Utilization, and Storage through the Ministry of Energy and Mineral Resources Regulation No. 2 of 2023 on the Implementation of Carbon Capture and Storage (“CCS”) and Carbon Capture, Utilization, and Storage (“CCUS”) in Upstream Oil and Gas Business Read more…

• ARMA UpdatesSeptember 18, 2023

  Circular Letter of the Supreme Court No. 1 of 2023 on Procedures for Summons and Notifications through Registered Mail

    In line with the growing digitalization of court procedures, the Supreme Court of Indonesia has taken a significant step towards enhancing the efficiency and effectiveness of legal proceedings. On July 5, 2023, the Supreme Court issued Circular Letter Number 1 of 2023 concerning Procedures for Summons and Notifications through Registered Mail (“SEMA 01/2023“). This Read more…

• ARMA UpdatesSeptember 7, 2023

  Indonesia’s Carbon Market and Nature-Based Solutions: A Discussion of Carbon Ownership, Article 6 of the Paris Agreement and Carbon Exchange

    Indonesia is embracing the new era of the carbon market, and nature-based solutions (NbS) are playing a major role. NbS are actions that protect, restore, and sustainably manage natural or modified ecosystems to provide climate change mitigation and adaptation benefits. They have the potential to generate carbon credits that can be traded on the Read more…

• ARMA UpdatesSeptember 5, 2023

  Income Tax Treatment on Natura and Benefitin Work Relations and/or Services Provision

    Ministry of Finance (MOF) has promoted MOF Regulation No. 66 of 2023 regarding Income Tax Treatment for Reimbursement or Compensation in Relation to Work or Services Received or Obtained in the form of Natura and/or Benefit (“MOF Reg 66/2023”), has been in effect since 1 July 2023. MOF Reg 66/2023 itself is one of Read more…

• ARMA UpdatesAugust 25, 2023

  Regulation Update on COVID 19 Endemic Status

    On June 22, 2023, Indonesian Government announce the revocation of the COVID -19 Pandemic status in Indonesia, through Presidential Decree 17 of 2023.  As Indonesia is entering an endemic period, President Joko Widodo issued Presidential Regulation 48 of 2023 on Termination of Coronavirus Disease 2019 (COVID-19) Pandemic Response (“PR 48/2023”) to further clarify the Read more…

• ARMA UpdatesAugust 23, 2023

  ESG and Climate Change Update: The Long-Awaited Carbon Exchange Regulation

    After much anticipation, the Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) finally issued the OJK Regulation No. 14 of 2023 concerning Carbon Trading Through Carbon Exchange (“OJK Reg 14/2023”) as mandated by Article 26 (1) of the Law No. 4 of 2023 regarding the Development and Strengthening of the Financial Sector (“Law 4/2023”). Read more…

• ARMA UpdatesAugust 21, 2023

  The Rise of AI-Generated Music:  Analyzing the Legal Implication under the Copyright Law 

    In the ever-evolving landscape of the music industry, the emergence of Artificial Intelligence (“AI“) has given rise to many transformative possibilities. Of course, technological advances continue to have an influence in advancing the creativity industry, especially in music composition, production, and distribution processes. However, as AI advances, there are profound implications for copyright law, Read more…

• ARMA UpdatesAugust 15, 2023

  General Meeting of Shareholders’ Quorum: How many votes do you need to get a resolution approved?

    General Meeting of Shareholders (“GMS”) is listed among the three organs in an Indonesian limited liability company. It possesses distinct power and authority that are not granted to the other company’s organ: the Board of Directors (“BOD”) and Board of Commissioner (“BOC”). In exercising its authority, the GMS must pass resolutions that require a Read more…

• ARMA UpdatesAugust 8, 2023

  Protection for Migrant Commercial Vessel Crew and Migrant Fishermen Crew

    To ensuring the protection for Indonesian Migrant Workers, The Indonesian Migrant Workers Protection Agency (Badan Perlindungan Pekerja Migran Indonesia “BP2MI“), as the leading authority responsible for implementing policies related to the assignment and protection of migrant workers in a coordinated and integrated enforcement including to migrant workers of commercial vessel and fishing vessel, has Read more…

• ARMA UpdatesJuly 26, 2023

  Empowering Safe Workplaces: A Legal Analysis of the Guidelines on the Prevention and Handling of Sexual Violence in Workplaces of Indonesia

    In the pursuit of creating inclusive and secure work environments, addressing the critical issue of sexual violence in workplaces has emerged as a paramount concern in Indonesia. Acknowledging the pressing need for comprehensive preventive measures and effective responses, Indonesian authorities have laid the foundation with the issuance of the Minister of Manpower Decree No. Read more…