The Minister of Energy and Mineral Resources Amends the Purchase Scheme for Renewable Sourced Electricity
At the end of February 2020, the Minister of Energy and Mineral Resources (“MEMR”) issued Regulation No. 4 of 2020 (“Reg. 4/2020”), as a second amendment to MEMR Regulation No. 50 of 2017 on the Use of Renewable Energy for the Provision of Electric Power. Reg. 4/2020 was issued in order to accelerate the development of renewable energy in the electric power sector as well as to improve the economic value of power plants using sources of renewable energy that were partly or fully built by the Government of Indonesia.
Co-authored by Vincent Ariesta Lie, Pudiahwai Willy Wibowo, and Putri Rachelia Azzura, read the complete legal advisory in the link below.
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AGMS and LKPM Reports
We would like to remind you of the Annual General Meeting of Shareholders (“AGMS”) that according to Article 78 (2) of the Company Law, must be held no later than 6 (six) months after the end of each financial year.
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Bank Indonesia Issues a New Regulation on the Reporting of Foreign Exchange Flow Activities
Introduces a requirement to report risk participation transactions
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Decree of Minister of Manpower No. 228 of 2019
The Ministry of Manpower recently issued Decree of the Minister of Manpower No. 228 of 2019 on Certain Positions Permissible for Foreign Employees (“Decree 28/2019”).
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