Industry Growth The Pet economy industry in Indonesia has experienced growth due to changes in human behavior during the lockdown period during the Covid-19 pandemic. This pandemic has made people start developing new hobbies, one of which is adopting pets. This is because these activities can be done at home so that the relationship between…
Indonesia’s Geothermal Capacity is the World’s Second Largest Geothermal energy is a relatively environmentally friendly renewable energy because it comes from the earth’s heat and only releases a small amount of greenhouse gasses. Indonesia is a country located in the ring of fire, so it cannot be denied that Indonesia has abundant natural resources, one…
Legal Chapter for the IKN Pre-Feasibility Study The relocation of Indonesia’s capital city to IKN has been ongoing since 2019. The Indonesian Government currently offers several funding schemes to both private and public sectors for the development and construction of IKN, including the Public-Private Partnership (“PPP”) Scheme, namely the Unsolicited IKN PPP Scheme. Based on…
Arbitration as an Alternative Dispute Resolution in Indonesia The vast and rapid technological developments have impacted the world’s commercial landscape. As a result, corporations need more time-efficient, more neutral and less complicated dispute resolution alternatives. One globally used alternative is arbitration, which is frequently preferred due to its international recognition feature and an arbitral award…
A presidential instruction was recently issued to implement the Halal Certification requirement for all pharmaceutical products, biological products, and medical devices circulating in Indonesia. Thailand exporters should take note of this mandatory certification, as it constitutes a new procedure for exporting to the Indonesian market. A. Overview President Joko Widodo issued Presidential Regulation No. 6…
After approximately 60 (sixty) years, a new criminal law code was finally promulgated in Law Number 1 of 2023 (“New Criminal Code”) on January 2, 2023. Compared to the previous criminal law code inherited from the old Dutch-colonial era, the New Criminal Code has added many new criminal law provisions, one of which is crimes…
A. Main Presentation People are aware that coal is an energy source that is still very much needed. However, with the spirit of the energy transition to achieve net zero emissions by 2060, there will be several potential disputes that are predicted to occur in 2023. For this reason, the speaker, Alexandra Gerungan, Partner at…
A. Personal Guarantor A personal guarantor is basically a guarantee for a debtor’s debt as stipulated in Articles 1820-1850 of the Indonesian Civil Code. In Article 1820 of the Indonesian Civil Code, Borgtocht or Personal Guarantee is an agreement in which a third party, for the benefit of the creditor, binds itself to fulfill the…
Mergers and acquisitions are strategies that are increasingly popular and are commonly carried out in the startup ecosystem recently in the context of corporate restructuring to improve competency and efficiency. However, mergers and acquisitions are very different concepts. Merger is the process of merging two companies which will then form a new business entity. In…
The International Monetary Fund (“IMF”) report predicts that the prospect of global economic growth in 2023 is only 2.3%, providing a projection of the chasm of crisis and recession in sight. In its 2022 World Economic Outlook (“WEO”) report, the IMF is also concerned about the deteriorating outlook for the global economy and that inflation…