February 5, 2018

Turnkey Contract and Lump Sum Contract for Construction Services in Indonesia

A.LEGAL BASIS Law Number 2 Year 2017 on Construction Services (Law 2/2017); Governmental Regulation Number 29 Year 2000 on The Implementation of Construction Services as amended a few times, the last time by Governmental Regulation Number 54 Year 2016 (GR 29/2000); Presidential Regulation Number 54 Year 2010 on Procurement of Goods and Services as amended …


February 2, 2018

Guidelines For State Owned Enterprise For Cooperation

Minister of State Owned Enterprise (MSOE) has recently issued Regulation No. PER03/MBU/08/2017 on Guideline of State Owned Enterprise Cooperation (Regulation), replacing the previous Regulation No. PER-13/MBU/09/2014 on Guideline of Fixed Asset Utilization of State Owned Company. The Regulation provides a clear guideline for a state-owned enterprise (BUMN) in conducting partnership with its subsidiary, its affiliate …



October 6, 2017

NEW REGULATION ON BUYBACK OF SHARES OF PUBLIC COMPANY

The Financial Service Authority or Otoritas Jasa Keuangn hereinafter called OJK, has recently issued regulation number 30/POJK.04/2017 (POJK 30/2017) on Buybacks of Shares of Public Companies. The new regulation was issued to implement Law Number 21 of 2011 on the establishment of Financial Service Authority, in which the functions, duties and authorities with regard to …


September 8, 2017

Qualification For Foreign Construction Services In Indonesia

A.    LEGAL BASIS For specific regulation governing the foreign construction services in Indonesia, the government has issued the Minister of Public Works Regulation number 10/PRT/M/2014 on Guidelines on Granting Permits for Foreign Construction Services Business Entity Representatives (MPWR Regulation 10/2014).    B.    REQUIREMENT FOR FOREIGN CONSTRUCTION SERVICES BUSINESS COMPANY The development of the …