Draft Bill on Indonesian International Financial Center: Foreign Judges, English-Language Proceedings and Common Law Principles Proposed for Investors

The Indonesian Government, working alongside its counterparts in Indonesia’s House of Representatives (Dewan Perwakilan Rakyat – “DPR”), is currently completing work on a new Draft Bill (“Draft Bill”) on the Indonesian International Financial Center (Pusat Finansial Internasional Indonesia - “PFII”).[1] If it is ultimately enforced, then the Draft Bill will serve as a whole new umbrella framework for the establishment of the PFII, which will operate in line with the mandate introduced under Law No. 4 of 2026, which is the most recent amendment to Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (“Law 4/2026”).[2]