In a strategic move that reinforces the global shift toward more diverse and inclusive arbitration hubs, the Hong Kong International Arbitration Centre (“HKIAC”) and the Saudi Center for Commercial Arbitration (“SCCA”) signed a Cooperation Agreement…

In early 2025, the Indonesian Government introduced Minister of Finance Regulation No. 5/2025 (‘MoF Reg. 5/2025’), marking a significant step forward in strengthening investor confidence in the country’s renewable energy sector. ..

In March 2025, the China International Economic and Trade Arbitration Commission (CIETAC), under the leadership of Vice President Xie Changqing, concluded a significant legal diplomacy mission to Austria aimed at advancing Sino-Austrian economic and legal collaboration. The visit was part of China’s broader internationalization…

The President of the Republic of Indonesia, Prabowo Subianto, has introduced a significant policy aimed at strengthening national economic resilience by requiring the retention of Export Proceeds from Natural Resources (DHE SDA) within the country…

In a recent ruling with broad implications for cross-border contract enforcement, a Chinese court confirmed the invalidity of an arbitration clause in a standard-form agreement due to lack of proper disclosure…

The Directorate General of Taxes (DJP) has issued Director General of Taxes Decree No. KEP-67/PJ/2025, which regulates the policy on waiving administrative sanctions for late payment and/or tax deposit as well as the late submission of Tax Returns (SPT)…

Pursuant to the Indonesian Financial Accounting Standards (“PSAK No. 201/2022”), financial statements serve as a structured presentation of an entity’s financial position and financial performance. The obligation to prepare and present financial statements is further emphasized…

The Indonesian government, through the Ministry of Energy and Mineral Resources (MEMR), continues to strive to accelerate the energy transition to achieve its Net Zero Emission target by 2060. One of the latest steps is the issuance of MEMR Regulation No. 5 of 2025 on the Guidelines for Power Purchase Agreements (PPA) from Power Plants Using Renewable Energy Sources…

Cryptocurrency, or digital currency, has transformed the global financial system. Built on blockchain technology, cryptocurrencies like Bitcoin and Ethereum enable secure, decentralized transactions. A vital aspect of this ecosystem is cryptocurrency mining-the process of verifying blockchain transactions while earning crypto rewards…

The Value Added Tax (VAT) rate in Indonesia will increase from the current 11% to 12%, effective January 1, 2025. This policy is part of the government’s strategy to support the implementation of Law No. 7 of 2024 on the Harmonization of Tax Regulations (UU HPP), designed with consideration for vulnerable groups in society. ..