Legal Updates for December 2023

2023 Indonesian Competition Law Kaleidoscope

2023 was another busy year for AHP competition team. We saw several Indonesian authorities catching up with the recuperation of businesses by implementing regulatory changes that have impacted our clients.

We are pleased to provide you with our 2023 Indonesian Competition Law Kaleidoscope, featuring a flashback of this year’s major developments in the Indonesian competition law sector.

As always, if you have any questions or would like to discuss, please do not hesitate to contact one of our Competition lawyers.

Navigating Corporate Governance and Risk Management Requirements in the BUMN Omnibus Regulation

As discussed in our previous Client Alert, the Minister of State-Owned Enterprises (“Minister”) has issued the BUMN Omnibus Regulations at the end of March 2023, which consolidated and integrated over 45 ministry-level regulations. The BUMN Omnibus Regulations comprised of three ministry-level regulations:

  1. Minister Regulation No. PER-1/MBU/01/2023 on Direct Appointments and Environmental Social Responsibility Programs of State-Owned Enterprises;
  2. Minister Regulation No. PER-2/MBU/02/2023 on Guidelines for the Governance and Significant Corporate Activities of State-Owned Enterprises (“Regulation 2/2023”); and
  3. Minister Regulation No. PER-3/MBU/03/2023 on State-Owned Enterprise Organisation and Human Resources.

 This article will focus on Regulation 2/2023, which repealed and replaced 20 Minister Regulations on corporate governance of state-owned enterprises. Under Regulation 2/2023, the government detailed the provisions on good corporate governance, risk management, assessment of a state-owned enterprises’ health level, and goods and services procurement.

Regional Competition Conference 2023 Podcast Series – Panel 5

We are excited to bring you the grand finale of our thought-provoking discussions from our Regional Competition Conference!

In the rapidly evolving landscape shaped by technology and the post-COVID 19 trade environment, our final panel, "Ecommerce meets the reality of moving goods across borders – When Trade Moves from Physical to the E-world, what are the Trade, Customs, Consumer Protection and Other Regulatory Issues to deal with?," delves into the intricate challenges businesses face when navigating the intersection of e-commerce and traditional trade practices.

  • How is customs declaration managed?
  • What are the export control implications especially as regards intangible technology transfer?

The panel provides practical guidance in addressing these questions and more, sharing real cases to guide businesses on their journey.

As we wrap up this podcast series, we extend our heartfelt gratitude for your continued support. We look forward to welcoming you at our Regional Competition Conference next year!

Click to listen to this podcast.

The Rajah & Tann Asia Competition & Antitrust team remains engaged and up to date with the ever-evolving landscape of competition law in the region. Please reach out to us if you wish to further discuss these developments.