English as Prevailing Language in an Agreement: The Indonesian Law Perspective
According to the Indonesia Investment Coordinating Board (BKPM)’s report of the country’s investment realization in Q1 2019, foreign direct investment increased relative to the same time period in 2018 – in part, driven by the increase in the number of foreign owned companies in Indonesia, the country saw a rise in the number of transactions and agreements entered. For many of these multinational companies, English is the preferred language of business, used in formal agreements and documentation.
In Indonesia, Law No. 24 of 2009, concerning Flag, Language,…
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