NEW REGULATION ON CAPITAL INVESTMENT LICENSING AND FACILITIES

On 2 February 2021, the Indonesian Government issued Government Regulation No. 31 of 2021 on the Operation of the Shipping Sector (“GR 31/2021”) as the implementing regulation of Law No. 17 of 2008 on Shipping (as amended - the “Shipping Law”) which was recently amended by Law No. 11 of 2020 on Job Creation (the “Omnibus Law”).

The Minister of Energy and Mineral Resources (“MEMR”) recently issued MEMR Regulation No. 48 of 2017 on the Supervision of the Implementation of Business Activities in the Field of Energy and Mineral Resources (“Reg. 48/2017”) revoking and replacing the previous MEMR Regulation No. 42 of 2017 (“Reg. 42/2017”).

A summary of regulations related to COVID-19 in more than 32 countries

The highly anticipated Omnibus Bill (“the “Bill”) is taking its first step as the first draft was recently submitted to the House of Representatives.