Mining Business License (Izin Usaha Pertambangan, “IUP”) is one of the licenses required by mining entrepreneurs in conducting business activities in the mining sector which generally starts from the stages of general investigation, exploration and feasibility studies. In addition, other required license is Production Operation IUP (Operasi Produksi, ”OP” ) which includes the stages of…
In early January this year, the Government of Indonesia through the Ministry of Energy and Mineral Resources (“MEMR”) issued a new regulation regarding the obligation to supply coal for domestic purposes or so-called Domestic Market Obligation as outlined in Decree of the Minister of Energy and Mineral Resources Number 13.K/HK.021/MEM.B/2022 on the Prohibition of Coal…
On the last day of 2021, coal mining business actors were surprised by a policy issued Ban on Coal Exports by the Government. This policy is related to the ban on coal exports issued by the Directorate General of Mineral and Coal (“DGMC”) of the Ministry of Energy and Mineral Resources of the Republic of…
Phase Out Coal-Fired Power Plants. The COP26 summit held in Glasgow, Scotland of the United Kingdom on 31 October – 13 November 2021 has brought the parties together to accelerate action towards the goals of the Paris Agreement and the United Nations (“UN”) Framework Convention on Climate Change. For nearly three decades, the UN has…
Carbon tax provisions are regulated in Article 13 of the Law 7/2021 in which carbon tax will be imposed on entities producing carbon emissions that have a negative impact on the environment. Legal Basis: Law No. 7 of 2021 regarding Harmonization of Tax Regulations (“Law 7/2021”) Legal Analysis: A. General Provisions of Carbon Tax In…
There are at least 16 points of improvement in the law which were formulated in the 2018 academic paper. Among these points, several points are related to the problem of the insolvency test in the bankruptcy procedure law.