Enforcement of Using Rupiah within the Territory of the Republic of Indonesia

The Central Bank of Indonesia issued Regulation No. 17/3/PBI/2015 on the Obligation to use Rupiah within the territory of the Republic of Indonesia (“Bank Indonesia Regulation“) which regulates several provisions, amongst others, that Rupiah is used to settle financial obligations and other payment transactions conducted in Indonesia, both cash and non-cash transactions. On top of…


Sutedja & Associates Supported Young Professionals Group Britcham Indonesia Panel Discussion

On the May 26, 2015 the Young Professionals Group held a panel discussion on: How Critical is a Stable Rupiah to Domestic Business Development and International Competitiveness?. The event is sponsored by the Chartered Institute of Management Accountants (CIMA) and Sutedja & Associates Law Offices. Andrew Sutedja, Partner of Sutedja & Associates Law Offices, in his capacity…


New Regulations on Location Permit

The Minister of Agrarian/Head of National Land Agency issues a new Regulation No. 5 Year 2015 (“Regulation 5/2015“) on the Location Permit. The Regulation 5/2015 is in lieu to Regulation No. 2 Year 1999 (“Regulation 2/1999“) on the Location Permit. Some important changes under Regulation 5/2015: (1) Any company which has investment approval should obtain…