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
Like in many other jurisdictions, panic selling amid the Covid-19 coronavirus outbreak has caused significant price fluctuations for securities listed on the Indonesian Stock Exchange (IDX)....more
OJK recently passed a new regulation on increasing the capital of public companies through pre-emptive rights. This regulation consolidates two regulations regarding pre-emptive and non pre-emptive capital increase of public...more
BKPM is moving in a new direction on certain approvals for changes to shareholder ownership in PMA mining companies. The new rule replaces the old paper-based licences and approvals method (issued by BKPM) with submissions...more
The OJK recently passed Regulation No.9/POJK.04/2018 on Public Company Takeover, which revokes Rule No.IX.H.1. Key changes under the new regulation are a) a takeover that is carried out through a rights issue of the target...more
Less than three weeks after its issue, the Minister of Energy and Mineral Resources has revoked Regulation No. 42 of 2017 on Supervision of Business Activities in the Energy and Natural Resources Sector and replaced it with...more
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