On 13 November 2012, the Constitutional Court (Mahkamah On 13 November 2012, the Constitutional Court (Mahkamah Konstitusi or “MK”) dissolved BP Migas through Decision No. 26/PUU-X/2012 on the judicial review of the oil and Gas Law (Law No. 22 of 2001).

Following the issuance of Law No. 3 of 2011 regarding Fund Transfers, on 26 December 2012, Bank Indonesia issued Bank Indonesia Regulation No. 14/23/PBI/2012 on Fund Transfers (“PBI 14/23”) which revokes and replaces Bank Indonesia Regulation No. 8/28/PBI/2006 regarding Money Transfer Business Activities (“PBI 8/28”)

On 10 December 2012, The Indonesian competition regulator (KPPU) issued its first fine for a failure to comply with Indonesia’s merger notification regime

The recently issued Regulation of the Minister of Trade No. 53/M-DAG/PER/8/2012 regarding the Implementation of Franchising has made significant changes to Indonesia’s franchise regulatory regime.

Outsourcing of both work and employees has become increasingly popular in recent years in Indonesia as businesses feel the effect of high severance and retirement payments and the potential problems and difficulties in employment termination.