Indonesia — new negative investment list
On 23 April 2014, the Indonesian government revised the negative investment list, which contains the full list of Indonesian business sectors that are subject to foreign ownership restrictions or closed to foreign investment altogether.
This is the first major revision of the negative list since 2010 and its ostensible purpose is to promote foreign investment in Indonesia, particularly in anticipation of the advent of the ASEAN Economic Community, which is expected to be implemented in 2015.
As expected, while some business sectors have, as a result of the recent revision, become more open to foreign investment, others are now subject to increased foreign ownership limits and still others have become entirely closed to foreign investment. That said, the overall trend is one of liberalisation and, although there have been mixed reviews among observers, general feedback has been positive, with organisations such as KADIN (the Indonesian Chamber of Commerce and Industry) and APINDO (the Indonesian Employers Association) welcoming the revisions…
Click on the link below to read the rest of the Stephenson Harwood briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Stephenson Harwood
News from The Lawyer
Briefings from Stephenson Harwood
This helpful one-page summary diagram shows the current expected timetable for Great Britain’s passenger rail franchises and concessions.
In Kays Hotels v Barclays Bank, the Commercial Court refused a strike-out application that was based on a bank’s argument that the claim was time-barred.
Analysis from The Lawyer
The Lawyer’s litigation reporter looks at the ongoing saga of the Tchenguiz litigation
‘Exotic’ investors and opportunities for legal work beyond M&A feature in The Lawyer’s high-level roundtable debate on south-east Europe