In today’s constantly changing economic environment, it would be nearly impossible to find someone who doesn’t know the significance of US President Benjamin Franklin: the face of the USD 100 dollar bill. While USD continues to be the most heavily traded currency throughout the world, Indonesia took a stand.

The Indonesian Central Bank (“BI”) Regulation No 17/3/PBI/2015 regarding the Mandatory use of Rupiah within the territory of Republic of Indonesia (“PBI”) was enacted on 31 March 2015. The main purpose of…

As skyscrapers erect, apartment buildings emerge, and infrastructure materializes all around Indonesia, one symptom of progress is certain: construction disputes. While best efforts are undoubtedly made to protect cross-border and domestic parties through proper contracts, discrepancies arise. The construction contracts for many international projects use a FIDIC (an international standard organization for consulting engineering & construction) construction-contract template as the basis. Parties then adjust the clauses in the template pursuant to their project’s needs….

When entrepreneurship in on the mind, the last thing anyone wants is a loss of momentum. Getting a business license shouldn’t feel like walking in the sand when it comes to the paperwork involved. Great news!

The Indonesian Coordinating Ministry for Economic Affairs already officially announced a new system in Integrated Licensing Services Electronics on Monday, 9 July 2018. This new Online Single Submission (OSS) launch is launched based on the Government Regulation Number 24 Year 2018…

A spin-off company can be understood as a new, independent company resulting from either a separation or a solution from a larger parent company. The action of ‘spinning-off’ a company may be achieved by distributing or separating the shares (including its assets, employees, and intellectual property) from the parent company as special dividends on a pro-rata basis.

There are number of reasons why parent companies create spin-offs. One common motive is to allow the parent company to focus on core operations and on the management of its resources and divisions while using a spin-off to expand into a wider market. While this can potentially have higher costs…

To address industry specialization demand, the Indonesian government has issued a new regulation concerning Procedures for Employing Expatriates under the Minister of Manpower Regulation Number 10 Year 2018 (“Permenaker 10/2018”). This regulation facilitates the implementation of Presidential Regulation Number 20 Year 2018 concerning Exertion of Expatriate Employment (Penggunaan Tenaga Kerja Asing), which was issued on 26 March 2018 and took effect on 30 June 2018.
Examining the new regulation, there are some significant changes the government has mandated in terms of expatriate employment….

Choosing a contractor or subcontractor can often have devastating consequences. The wrong one can plague a project like constant natural disasters. Some of the most typical consequences companies suffer from the making the wrong choice are as follows:

Bad reputation. The project owner can begin to question your reputation. You have to be fully aware that keeping a good portfolio from the current project owner will help to land the next job.
Loss of scheduling delays. If you choose the wrong subcontractor, it might cause your construction schedule to…

Let’s take a big-picture look at this growing sector by answering some of the most frequently asked questions posed to us at Schinder Law Firm.

What is Peer-to-Peer Lending?
The definition of Peer-to-Peer (P2P) Lending or FinTech Lending in the Financial Services Authority Regulation (POJK) Number 77 / POJK.01 / 2016 is the provision of financial services by bringing together lenders with the borrower in the context of borrowing and lending…

It started from a simple vision. What started in a private living room has evolved into a bustling and burgeoning law firm. Schinder Law Firm (SLF) has not only emerged as a first-class, full scope law firm but also as a avid contributor to its legal community. The firm feels its success can only be fully realized by doing its part to raise the standard of…

As Indonesia attracts more and more foreign investors, it’s vital to understand both the common hurdles and the creative tricks involved with doing business in this fast-growing economy. Just in the third quarter of 2017, the Indonesia Investment Coordinating Board or Badan Koordinasi Penanaman Modal (BKPM) recorded that total foreign investment in Indonesia grew by 12% (twelve percent), reaching Rp 111.7 trillion, in comparison with the same quarter of 2016. Obviously, foreign investment in Indonesia continues to increase. However, there are some specific stipulations on …

While Star Trek, Star Wars, and even the Jetsons implanted fantastical images of life beyond our conventional capabilities, the present and future realities are no longer so far-fetched. In fact, each day brings us closer to achieving feats once believed impossible. With the excitement of charting “strange new worlds” comes the inevitable logistics involved. True, the development of science and technology and their vast applications facilitate human activities in many fields, including commercial ventures….