Legal Updates for March 2019

New Execution Guideline For The District Courts Aims To Simplify Execution Process

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).

Legalisation Of Crypto-Asset In Indonesia

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.