Objective is to prevent unfair business competition on financial service sectors

Needed to strengthen the national banking sector

Adequacy of Churchill evidence questioned

Lack of attention from both presidential candidates and the current administration

This Indonesian Law Digest (ILD) will provide an overview on the process and requirements for undertaking an initial public offering on the IDX under the new Regulation I-A. This includes initial requirements and application filling procedures for listing on the IDX, and also the contents of a prospectus and the procedures to obtain a declaration of registration. The prospectus and a declaration of registration documents are the fundamental requirements to be listed on the IDX.

The Government and the House of Representatives (House) are discussing the direction for tax policies in 2015, including fine-tuning underlying policies for the non-tax state revenue of ministries and government institutions.

Nine AM, a United States based company, has lodged an appeal with the High Court of Jakarta over the decision made by the District Court of West Jakarta that held an international loan agreement between Nine AM and PT Bangun Karya Prata Lestari (PT BKPL) was null and void as the parties did not include an Indonesian language version as is mandated by Law No. 24 of 2009 on The State Flag, Language, Emblem, and the National Anthem. The operation of the language requirements under this law remains contentious.

Government will not sign the letter if PT Freeport does not comply with its obligations under Law No. 4 of 2009 on Coal and Mineral Mining

Indonesia is moving toward a cashless society where most transactions will be settled electronically

This Indonesian Law Digest (ILD) will first highlight key provisions of the 2014 Regulation, including comparisons with the 2009 Regulation. It will also review the regulatory implications of the Presidential Directive which aims to change societal behavior and perceptions of how children should be protected.