Global Legal Insights: Litigation & Dispute Resolution 2019

Issue 9, March 2025 | GR 8/2025 and PBI 7/2023 tighten rules on Natural Resources Export Proceeds, requiring deposits in Indonesia with set retention periods. Non-compliance may suspend exports.

On September 2015, the Minister of Trade issued a Regulation No. 70/M-DAG/PER/9/2015 on Import Identification Numbers. The regulation came into effect on 1 January 2016 and revoked the previous API regulation:

Bank Indonesia has issued Regulation No. 20/6/PBI/2018 on Electronic Money (e-Money) (“PBI 20/6”) which revokes the previous regulation on e-Money.

As mandated by Law No. 11 of 2020 on Job Creation (the “Omnibus Law”) and to settle spatial utilization discrepancy issues, Government Regulation No. 43 of 2021 on The Settlement of Discrepancies between Spatial Plans, Forestry Areas, Permits and/or Land Rights (“GR 43/2021”) was issued on 2 February 2021. GR 43/2021, as the implementing regulation of Article 17.2 of the Omnibus Law, provides the procedure for the settlement of discrepancies related to spatial plans. In this advisory, we explain some of the notable provisions provided by GR 43/2021.