- Corporate Crisis Management
- Asia
Anti-Bribery and Anti-Corruption Compliance in Asia (Part 3)
– Indonesia: Regulation of Bribery and Corruption, and the Struggle to Combat Bribery in Indonesia
Indonesia is the fourth most populous country in the world and the largest in the ASEAN region. Its growing economy has made it an attractive area for investment to many Japanese companies. However, the 2024 edition of the Corruption Perceptions Index (published annually by Transparency International), which is a representative indicator of the degree of corruption around the world, ranks Indonesia 99th out of 180 countries, which means the risk of bribery in Indonesia is relatively high. Indonesia has strict laws and legal systems to regulate bribery, which we will discuss in the following sections, but the country still struggles to address bribery and corruption. The main laws that regulate bribery in Indonesia are Law No. 31 of 1999...To read the full article, please see the PDF file
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Asia & Corporate Crisis Management Newsletter
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Authors
Ikang DHARYANTO
- Partner
- Singapore
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.
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Satoshi has worked at N&A’s Singapore office since July 2022 and has provided Japanese clients with headquarters in Japan or Singapore and other clients with legal support on crisis management/compliance, dispute resolution, labor and general corporate matters for their businesses operations in Southeast Asian countries.
Satoshi has also engaged in international construction and infrastructure projects and has advised on construction contracts, laws and regulations, and disputes in connection with projects in Japan and overseas.