ARMA Updates

• ARMA UpdatesJune 6, 2023

  Wanprestasi – Judiciary Summary Of Supreme Court Chamber Plenary Meeting 2022

    The Head of the Supreme Court of the Republic Indonesia issued the Head of Supreme Court Circular Letter No. 1 of 2022 regarding the Enforcement of the Supreme Court Chamber Plenary Meeting Summary as a Guideline for Performing Tasks for the Court, as a legal basis to established the Judiciary Summary of Supreme Court Read more…

• ARMA UpdatesMay 30, 2023

  Kepmenhub No 8 Tahun 2023 – ESG: Climate Change Mitigation Actions in Transportation Sector based on Minister of Transportation Decree No. KM 8 of 2023

    In order to achieve the Indonesian Government’s commitment to reduce greenhouse gas (“GHG“) emissions as reflected in Indonesia’s Enhanced Nationally Determined Contribution (ENDC) which also mandated in the Presidential Regulation No. 98 of 2021 on Carbon Pricing for Achieving NDC Target and Controlling GHG Emission in National Development, it is necessary to take steps Read more…

• ARMA UpdatesMay 26, 2023

  Carbon trading: Can foreign buyers purchase carbon credits in Indonesia’s carbon markets? 

    In light of the issuance of the Presidential Regulation No. 98 of 2021 (which we have highlighted in this ARMA Update) and its implementing regulation, the Ministry of Environment and Forestry (“MOEF”) Regulation No. 21 of 2022 (which we have highlighted in this ARMA Update),  MOEF recently issued several documents to provide clarifications and guidance Read more…

• ARMA UpdatesMay 23, 2023

  OJK to Revoke Moratorium on P2P Lending Licensing

    Due to the high rate of illegal peer-to-peer lending (“P2P Lending”) platforms cases, on February 2020, the Financial Service Authority (Otoritas Jasa Keuangan or “OJK”) decided to put a moratorium on P2P Lending licensing. This decision was made for OJK to scrutinize and carry out proper evaluation of a large number of P2P Lending Read more…

• ARMA UpdatesMay 19, 2023

  Business Licensing and Investment Facilities in Ibu Kota Negara Nusantara (Nusantara Capital)

    In order to accommodate the relocation of the capital Indonesia from Jakarta to The Capital City of Nusantara (Ibu Kota Negara Nusantara, – “IKN”), the government has enacted several regulations, one of which is Government Regulation No. 12 of 2023 regarding Ease of Business and Investment Facilities for Business Actor in IKN (“GR 12/2023”) Read more…

• ARMA UpdatesMay 11, 2023

  Equity Financing in the Film Production

    Indonesia’s film industry has experienced remarkable growth over the last decade driven with the production of high-quality local films that cater to a wide audience in Indonesia. However, producing a movie requires significant financial resources, making it difficult for many producers to finance their projects. One way of financing a film production is through Read more…

• ARMA UpdatesMay 9, 2023

  Understanding the Legal Aspects of Green Bonds in Indonesia

    Green finance has been rapidly growing all over the world due to initiatives taken by governments and corporations which utilizes green finance in order to achieve climate goals, including in Indonesia. Recently, Indonesia has taken significant steps to promote green finance growth, including issuing relevant regulations to provide regulatory frameworks for green bonds. In Read more…

• ARMA UpdatesMay 5, 2023

  TMT Update: Minister of Communication and Information Technology Regulation No. 11 of 2022: Updated Provisions on the Implementation of Electronic Certification

    In 2019, the Indonesian Government enacted Government Regulation Number 71 of 2019 regarding the Organization of Electronic Systems and Transactions (“GR 71/2019”). One of the provisions in GR 71/2019 is that Electronic Certification Providers are obliged to obtain an assessment from a certification body accredited by Certification Provider. In this regard, the Minister of Read more…

• ARMA UpdatesApril 14, 2023

  Work For Hire Principle as an Avoidance of the Reversion of Copyright Ownership in Indonesia

    Copyright law is a critical aspect of intellectual property protection in Indonesia. Indonesia’s copyright laws have undergone significant changes in recent years, and it is crucial for businesses operating in the film and music industries to understand the Work for Hire principles and its practical usage to avoid triggering auto reversion of copyright ownership. Read more…

• ARMA UpdatesApril 12, 2023

  Permenhub 4 Tahun 2023: Improving Safety in Navigating at Sea through a Comprehensive Regulation on Shipping Telecommunication

    In ensuring the safety and security of sea transportation, two factors must be taken into account: seaworthiness and marine navigation. The latter involves a good seamanship, professional knowledge and judgment, as well as application of science and technology. One of the main aspects in marine navigation includes shipping-telecommunication, which holds an important role in Read more…