Background Bank Indonesia has issued Bank Indonesia Regulation No. 20/8/PBI/2018 on Loan to Value Ratio for Property Loan, Financing to Value Ratio for Property Financing, and Down Payment for Loan or Vehicle Financing (“PBI 20/2018”). This regulation revokes the...
Basic Principles of Compensation Valuation The value of compensation is one of the most important aspects for the land owners that are affected by the land procurement for public interest. Law No. 2 of 2012 (“Law No. 2/2012”) stipulates that the compensation shall be...
Agrarian reform is a restructuring of the structure of control, ownership, use and utilization of land through asset and access arrangement for the prosperity of the Indonesian, conducted by the central and local government (“Agrarian Reform”). Under the President...
Regional Spatial Plan (“RTRW”) is a result of spatial planning on a regional which is a geographical entity with all related elements whose limits and systems are determined based on administrative aspects. Under the Minister of Agrarian and Spatial Plan/Head of...
Background On the 3rd of August 2017, the Government of Republic of Indonesia has enacted the Ministry of Trade Regulation No. 51/M-DAG/PER/7/2017 on Property Brokerage Company (“Permendag No. 51/2017”). This regulation has been made considering the fact that both...
Background The Government of Indonesia issued Regulation of the Minister of Public Works and Public Housing Number 19 of 2018 concerning the Implementation of Building Permits ("IMB") and Certificate of Feasible Function ("SLF") of Building through Integrated Business...
Eddy Leks was interviewed by Marcopolis on Real Estate Law in Indonesia, specifically on Property Laws in Indonesia : “Can Foreign Investors Own Land?”. Marcopolis presents Indonesia Report focused on topics such as investments, doing business, economy and regional...
Background of Enactment On 27 July 2018, the Government of Republic of Indonesia enacted the Government Regulation No. 36 of 2018 on Recordal of License Agreement on Intellectual Property (“GR No. 36 /2018”). This GR No. 36/2018 is the implementing regulation of laws...
Background In order to support the acceleration and increase of investment and business, the Minister of Trade issued the Minister of Trade No. 76 of 2018 on Implementation of Company Registration (“MOT Regulation 76/2018”). The MOT Regulation 76/2018 is issued in...