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In February 2019, the Supreme Court, through the Directorate General of the General Judiciary issued a new guideline for the implementation of execution in district courts ("Guideline").
The application for and implementation of execution in Indonesia is a lengthy process and often, it may even exceed the duration of the trial. The Guideline aims to ease and to expedite the execution process, particularly for civil court decisions, mediation/settlement resolutions, arbitration awards, decisions from labor court (Pengadilan Hubungan Industrial), competition authority (Komisi Pengawas Persaingan Usaha), consumer dispute settlement agency (Badan Penyelesaian Sengketa Konsumen), information commission (Komisi Informasi), as well as executorial deed (grosse akta) and security execution (eksekusi jaminan).
The Indonesian Supervisory Board of Futures Commodities Trading, or commonly known as Bappebti, recently legalised the crypto-asset trading market in Indonesia by issuing Regulation No. 5 of 2019 on Technical Provisions on the Implementation of Physical Market for Crypto-Assets ("Regulation"). The enactment of the Regulation is aimed at giving certainty to the digital commodity market, in line with the increased trading of various crypto-assets in Indonesia.
At the end of 2018, the Minister of Law and Human Rights enacted a new regulation relating to insolvency practitioners (receivers in bankruptcy proceedings and administrators in suspension of payment/PKPU process) ("Regulation 37/2018"). Regulation 37/2018 came into effect in December 2018, repealing the previous regulation governing insolvency practitioners.
Regulation 37/2018 seeks to improve transparency in an insolvency process by allowing stakeholders access to various information regarding the insolvency process. It also simplifies the process for registration and submission of report by allowing these to be done electronically.