Since 2010, a discourse on the revision of Law No. 5 of 1999 on the Prohibition of Monopolistic and Unfair Business Practices has on the table but has still not been brought to any concrete realization. The closest that this discourse has ever got to being realized was through a listing under the national legislation program (Prolegnas) between 2014 and 2016, and it has been predicted that this Draft Bill will also be listed once again under the upcoming 2017 Prolegnas, as the 2016 program is about to be wound up. With this in mind, this edition of Indonesian Law Digest will aim to offer a comprehensive discussion of the latest Draft Bill on the Prohibition of Monopolistic and Unfair Business Practices, a bill which has been drawing a significant amount of public attention over the course of the past couple of months. By comparing the Draft Bill to the current legal framework set out under the Antitrust Law, the discussions in this edition of ILD will address a number of topics, including: the parties that will be subject to the provisions, prohibited agreements and activities, the misuse of dominant positions, procedures for the settling of cases, sanctions and exemptions to the application of the Draft Bill.

New list to include nine new Draft Bills proposed by the House of Representatives, the government and the Regional Representatives Council.

Second package expected to improve Indonesia?s ranking on the corruption-eradication index

In a bid to improve the efficiency of the various services that it offers, the SIAC officially launched the new SIAC Rules 2016 on 1 August 2016. These rules represent the first amendment which has been made to the centers regulations since the SIAC Rules 2013 were introduced. The SIAC Rules 2016 establish a number of new and novel provisions, and these address the areas of multiple contracts and consolidation, the joinder of additional parties, and also the early dismissal of any claims and defenses which have been influenced by the International Centre for the Settlement of Investment Disputes (ICSID) Arbitration Rules.

2017 APBN allocates IDR 764.3 trillion to regions and rural areas

Regulation to come into force by 1 April 2017

Digital innovation within the financial realm is transforming the way that customers and consumers access financial products and services. The fusion between technology and financial services has created a golden opportunity for technologically focused startups and technology companies to enter a financial industry which has traditionally been dominated by regulated financial entities such as banks, insurance companies and the like. This phenomenon is commonly referred to as Fintech and in Indonesia, the relevant authorities, namely BI and the OJK, have now begun to react to this development and are aiming to specifically accommodate the Indonesian Fintech industry under their regulatory umbrellas. This weeks ILD will directly address the Fintech industry from a global perspective and also examine how Indonesia in particular is responding to this rapidly growing phenomenon.

KADIN: KPPU should avoid punitive approach when carrying out its duties and responsibilities so as to prevent businesses being hurt

Revision to regulation should uphold the public interest over that of companies

KSPI intending to bring this matter before the State Administrative Court