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SHARE BUY BACKS - THE SECOND OJK REGULATION

Following its first regulation on Consumer Protection, the OJK issued its second regulation, Regulation of the Head of OJK Number 2/POJK.04/2013.

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PARTNERSHIP OBLIGATIONS FOR FORESTRY COMPANIES

The Ministry of Forestry has recently issued Regulation of the Minister of Forestry Number P.39/MENHUT-II/2013 regarding the obligation of companies engaged in the forestry sector to establish a partnership with local communities where their areas are located

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NEW REQUIREMENTS FOR UPSTREAM OIL AND GAS COOPERATION AGREEMENT BIDS

On 3 April 2013, the Special Oil and Gas Upstream Business Authority Unit (Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi – “Authority”)

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COURT DECISION ON LANGUAGE LAW

The West Jakarta District Court, under Decision No. 451/Pdt.G/PN.Jkt.Bar, ruled that an agreement involving an Indonesian entity which was not drawn up in the Indonesian language was null and void

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NEW MINISTERIAL CIRCULAR LETTER ON OUTSOURCING

The Minister of Manpower and Transmigration issued Circular No. SE.04/MEN/VIII/2013 on 26 August 2013 regarding Guidelines on Regulation of the Minister of Manpower and Transmigration Number 19 of 2012 on Requirements for the Assignment of Part of Work to Other Companies (“Circular Letter No. 04/2013”)

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