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Divestment obligation to be relaxed?

On 9 September 2021, the Government of Indonesia issued Government Regulation No. 96 Year 2021 on the Implementation of Mineral and Coal Mining Business Activities (GR 96/2021). GR 96/2021 provides further elaboration on...more

10/8/2021  /  Divestment , Indonesia , Mining , Shareholders

Indonesia tightens control over changes in shareholding and boards of oil & gas, power, geothermal and mining companies

Indonesia just issued a new regulation (Reg. 42/2017) that extends governmental control on private and foreign investment in the energy and mining sectors. Whilst similar forms of control already existed in the upstream...more

New mining regulations: back to the past

The Government of the Republic of Indonesia on 11 January 2017 issued new mining regulations regulating (i) ‘new’ share divestment requirements for foreign investment companies holding an IUP or IUPK; and (ii) new export...more

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