Indonesia Legal Framework

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The Indonesian economy had a strong year in 2018, with growth of 5.2% marking the fastest pace in half a decade. This came on the back of robust domestic consumption, increased foreign investment and continuing efforts to reform policy and simplify investment procedures, and despite challenges including a falling rupiah, a trade imbalance and global political issues.

 

A while back, I arbitrated a dispute over mining concessions between an Indonesian company and their foreign counterpart. The foreign firm made major investments to get the concessions, and then after a few years decided to cancel the transaction and pull out of Indonesia. They filed an arbitration case to reclaim their investment. The...

 

Amid increasing awareness of the significance of intellectual property (IP) in today’s digital economy, we have witnessed some promising developments in Indonesia’s IP regulatory framework in recent years.

Chapter | Legal Framework from The Report: Indonesia 2018

This chapter examines Indonesia’s legal system, focusing on laws passed to enhance trademark protection; procedural changes set to speed up the registration process and other major developments.

It also contains a viewpoint from Todung Mulya Lubis, Founder and Senior Partner, Lubis Santosa & Maramis.

With investment in industrial zones, SEZs, infrastructure and priority industries set to increase in the coming years, Indonesia remains extremely well positioned to capitalise on its position as a regional leader.

 

In his state of the union speech, President Joko Widodo spent more than 20 minutes of his time reiterating his policy of welcoming FDI to Indonesia. In the last six months there have been 12 economic packages presented by the government offering more opportunities for foreign investment, simplifying and deregulating approval processes and...

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