NO&T Asia Legal Review
Introduction
As a follow up to the amendment of Law No. 25 of 2007 on Investment (“Investment Law”) under the Omnibus Law, the government recently issued the draft new negative list as the implementing regulation to be applied for foreign investment in Indonesia. Negative list is a list of shareholding requirements and restrictions for all business activities in Indonesia. The latest negative list is regulated under the Presidential Regulation No. 44 of 2016 on List of Business Fields that are Closed to and Business Fields that are Open with Conditions to Investment (“Negative List”).
One of the most significant amendment of the Investment Law is of Article 12 that sets the basis for the issuance of the Negative List. We set out below the provision of Article 12 before and after the amendment:
Shunsuke Minowa, Poonyisa Sornchangwat (Co-author)
Shohei Sasaki, Shunsuke Minowa, Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
(June 2025)
Hiroshi Mitoma, Tomohiko Iwasaki, Kosuke Hamaguchi (Co-author)
Chattong Sunthorn-opas, Thunsinee Sungmongkol (Co-author)
Shunsuke Minowa, Poonyisa Sornchangwat (Co-author)
Shohei Sasaki, Shunsuke Minowa, Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
Chattong Sunthorn-opas, Thunsinee Sungmongkol (Co-author)
Long Nguyen
Shunsuke Minowa, Poonyisa Sornchangwat (Co-author)
Shohei Sasaki, Shunsuke Minowa, Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
Yothin Intaraprasong, Theerada Temiyasathit (Co-author)
Justin Ee, Kennosuke Muro (Co-author)
Shunsuke Minowa, Poonyisa Sornchangwat (Co-author)
Shohei Sasaki, Shunsuke Minowa, Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
Yothin Intaraprasong, Theerada Temiyasathit (Co-author)
Justin Ee, Kennosuke Muro (Co-author)
Ario Putra Pamungkas
Yoichi Maekawa
Anastasia Jessica Maureen
Luciana Fransiska
