Green Finance is a term that has recently gained popularity and refers to financial services that support investments in projects positively impacting the environment, applicable to both public and private sectors. It can also be understood as the backing provided by the financial services industry for sustainable growth that balances economic, social, and environmental interests, aiming to protect the environment while ensuring fair returns for lenders and investors. Projects financed through Green Finance are expected to yield economic benefits that foster environmental sustainability.

Indonesia is making significant strides in its development endeavors. Infrastructure projects are underway across the nation, including roads, highways, bridges, reservoirs, power plants, ports, and airports. Additionally, factories are being established to process raw materials into finished goods, supporting industrial down streaming initiatives. This development spans the entirety of Indonesia, from West to East and from North to South. With Prabowo-Gibran leading this country, the development blueprint underlined by Jokowi will be continued.

We are thrilled to announce that our young, dedicated and highly motivated Associate Lawyer, Ariza Muthia or known as Tiara is listed as one of the young women lawyers in Hukumonline’s NexGen Lawyers 2024.

Indonesia is still remain on the list of world countries with severe Intellectual Property (“IP”) violations and include in the Priority Watch List (along with Argentina, Chile, China, India, Russia, and Venezuela) based on the Special 301 Report 2023 released by the United States Chamber of Commerce (USTR)

Special Economic Zone (SEZ) is an area designated by the Indonesian Government as a center for development of economic growth and equitable distribution, supporting industrialization and job creation especially for the surrounding areas.

Foreign institutions or foreign individuals are allowed to carry out business in Indonesia (called as “PMA”) by establishing a Limited Liability Company (“LLC”). According to Indonesian Company Law, an LLC must be formed by 2 (two) or more shareholders. LLC for PMA can be wholly owned by foreign parties’ shareholders if the Standard Industrial Classification (“SIC”) (in Indonesia referred to as KBLI) is open 100% for foreign investment. Otherwise, PMA must be formed together with domestic partners.

To materialize the national sugar self-sufficiency program for ensuring food security as well as biofuel energy security by increasing bioethanol production from sugarcane production, President Joko Widodo enacted Presidential Regulation Number 40 of 2023 concerning the Acceleration of National Sugar Self-Sufficiency and the Provision of Bioethanol as Biofuel (“Presidential Decree 40/2023”).

The Corona Virus Disease 2019 (COVID-19) that has occurred since 2019 has encouraged countries, including Indonesia, to adapt in various aspects of life and survive this COVID-19 condition. One of the aspects that has been greatly affected by this phenomenon is Health.

With mounting evidence of climate change, public awareness of the measures being taken to come to grips with the looming crisis is greater than ever before. Initiatives such as the United Nations Framework Convention on Climate Change (UNFCCC) demand that member states take immediate action to meaningfully reduce emissions.

Law Number 13 of 1985 on Documentary Stamp Duty (”Law 13/1985”) is amended by Law Number 10 of 2020 on Documentary Stamp Duty (“Stamp Duty Law”) which was enacted on October 26th, 2020. This Stamp Duty Law shall be effective as from January 1st, 2021. All implementing regulations of Law 13/1985 shall be continued effective unless they are stipulated otherwise in Stamp Duty Law and its forthcoming implementing regulations.