- Asia
The Long Wait Is Over - The Indonesian Government Finally Releases the New Positive Investment List
On 2 February 2021, the President of the Republic of Indonesia finally enacted a new regulation on investment as one of the implementing regulations of Law No. 11 of 2020 on Job Creation (“Omnibus Law”), i.e. Presidential Regulation No. 10 of 2021 on Capital Investment Business Sector (“PR 10/2021”). The new regulation became effective on 4 March 2021. PR 10/2021, known as the Positive Investment List, effectively revokes Presidential Regulation No. 44 of 2016 on the List of Closed Business Sectors and Open Business Sectors with Requirements in the Capital Investment Sector (“PR 44/2016”), also known as the “Negative List”, and drastically loosens the restrictions on foreign investment in Indonesia.…To read the full article, please see the PDF file
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Asia Newsletter (April 28, 2021) (2.14 MB / 7 pages)
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Ikang has advised a wide range of domestic and international clients across various industry sectors such construction, finance, IT, manufacturing, real estate, labor, dispute resolution, and criminal investigation. Ikang has assisted in various high-profile M&A transactions and has a good connection with Indonesian government authorities. He also advises on day-to-day corporate/commercial issues and licensing, including on investments at all stages, from inception to post-closing operations. As a partner of Indonesian practice in our Singapore Office and cross-border team, Ikang provides a tailored legal services in a timely and flexible manner.