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

*This article is also available in Japanese.

It is also available in PDF.: Asia Newsletter (April 28, 2021) (2.14 MB / 7 pages) Download PDF [2.14 MB]

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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Kotaro FUJI

Partner
Tokyo

Kotaro has engaged in many restructuring cases through not only formal insolvency proceedings but also out-of-court workouts. From 2019 to 2023, he provided legal advice on cross-border M&A, restructuring/insolvency, disputes, and other corporate matters (with a focus on those related to Singapore, Indonesia, Malaysia, and Philippines) from our Singapore Office by leveraging the knowledge and experience in local legal and commercial practices and the connection with local professionals.

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Made Grazia V. USTRIYANA

Counsel
Singapore

Contact

Grazia is a member of Singapore Institute of Arbitrators (SIArb) and a certified Data Protection Officer (DPO) by Indonesian Association of Data Privacy Professionals (APPDI) . Aside from her active legal practice, Grazia is devoted to contribute back to her community in Bali, Indonesia, through a non-profit initiative which she co-founded to help more women gain access to higher education.

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