Amongst 76 existing laws, the long-awaited Law No. 11 of 2020 on Job Creation (as known as the “Omnibus Law”) amended Law No. 25 of 2007 on Capital Investment (the “Investment Law”). Under the Omnibus Law, all business lines are open for investment, except for business activities closed for investment and activities reserved for the Central Government. The Omnibus Law now simplifies the closed business lines from 20 business activities into six business activities. In addition to that, the Central Government now provides convenience, empowerment, and protection to cooperatives and micro, small and medium enterprises for their investment following the standards determined by the Central Government. Another substantial amendment under the Omnibus Law is the inclusion of the tourism business development as the segments eligible to receive investment incentives, which will be subject to laws and regulations on taxation.

As dynamic as our firm, our clients are active enterprises. As part of their reorganization process, we engage with clients in mergers & acquisitions transactions. We are proud to partner with our clients on their mergers and acquisitions, support clients conducting due diligence from a legal perspective, and formulate legal and profitable mergers and acquisitions strategies, from drafting and preparing to negotiate the relevant transaction documents.