The dissolution of BPMIGAS — impact and consequences - .PDF file.
On Tuesday, 13 November 2012, Indonesia’s Constitutional Court declared Badan Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi (BPMIGAS), the state upstream oil and gas regulator, unconstitutional. The decision arose from a judicial review of Law No. 22 of 2001 concerning Oil and Gas (the Oil and Gas Law). Chief Justice Mahfud MD declared that the Articles of the Oil and Gas Law, that had hitherto given BPMIGAS the right to represent the Government of Indonesia, function as the upstream oil and gas regulator, manage the nation’s oil and gas resources, and execute contracts with foreign companies, were unconstitutional.
Click on the link above to download this Latham & Watkins briefing.