With a presidential election taking place this year, Indonesias 2019 has certainly been quite tense, politically speaking. Nevertheless, the now twice elected President Joko Widodo and his administrations, both the new and the old, have maintained their focus on attracting a greater amount of investment to Indonesia in an attempt to boost the national economy

Regulation 80/2019 sets out a number of provisions on matters relating to the practice of E-Commerce in Indonesia, and E-Commerce business practitioners will be required to be in full compliance with these provisions within two years of the enactment of Regulation 80/2019

As sale and purchase transactions, repo transactions require the transfer of ownership of securities from sellers to buyers. However, as a result of the commitment that they make, buyers are not at liberty to transfer or encumber any obtained securities without the prior consent of sellers. This what makes repo transactions unique and different from pledge pf shares.

With target of attracting 20 million foreign tourists and a foreign-exchange contribution of USD 17.6 billion next year, the current Minister of Tourism and Creative Economy, Wishnutama, has formulated a number of strategies, including the development of Indonesian ecotourism as a sector which is believed to be very much at the heart of the industrys future

EoDBs Starting a Business indicator is based on components of time, cost, minimum paid-up capital and number of procedures which have to be followed in order to get a local limited liability company up and running

This edition of Indonesian Law Digest (ILD) will offer a summary of the many scattered provisions set out under these regulations which specifically address share buybacks, as undertaken by Indonesian companies.

KPPU must be notified of any asset acquisitions that: 1) Result in the transfer of control over the relevant acquired assets and/or increase in the ability of business entities which acquire said assets to control certain markets; and 2) Meet certain asset value and/or turnover thresholds. In addition, KPPU must also be notified of any asset acquisitions that take place overseas if: 1) At least one of the transacting parties has business operations in Indonesia; and 2) The prescribed thresholds are met.

Indonesia must establish central counterparties as soon as possible, since other economically developed countries (e.g. the countries of the European Union, the US and Japan) have already imposed a global margin requirement for derivative transactions that are not cleared through central counterparties

Electronic system providers in both public and private sectors must now be registered with the Minster of Communications and Informatics before their electronic systems can be utilized by users

The deliberation and passing of RKUHP 2019 should be once again reconsidered carefully by the House of Representatives and in the future, matters relating to business sectors should be taken into considerations in addressing criminal sanctions.