What I am about to say is not new … I have been saying this kind of thing to my clients for decades. But it warrants repetition, because every year there are new players in the markets, and many are new to the game. So some guidance always helps. Transactional work carried out in the emerging markets often involves parties from different legal jurisdictions, for … Continue reading Cross-border work in an emerging market
Much has already been published as to why Indonesia is a very good place to do business in, and quite a lot also as to what some of the difficulties are, which are specific to Indonesia. For purposes of this paper, let’s focus just on reasons for doing business there. We will look at the problem areas, in a separate post. Indonesia has a large … Continue reading Indonesia – what makes it attractive to investors?
It is interesting to see what has changed, and what has not, in the past 23 years, because 23 years ago, I was seconded to Jakarta by a law firm now widely known as ‘Dentons’. In those days, it was ‘Denton Hall’; and some years prior to that, when I joined them, it went by the even longer name ‘Denton Hall, Burgin & Warrens’! Foreign … Continue reading Doing business in Indonesia
Let’s suppose you are advising the owner of a business, who would like to take advantage of business opportunities in an unfamiliar market in the so-called ‘developing world’. It is probable that one of the first things the business owner will want to do, is learn about the market itself: the demographics in that market, the size of the population, its buying-power and GDP, the … Continue reading Foreign Investment in Emerging Markets
Recent amendments to the Indonesian capital investment law (Law No. 25 of 2007) warrant discussion. This law concerns capital investment of all kinds, whether domestic or foreign. For purposes of this article, we will call the revised capital investment law, the ‘Law’. A key change in the Law is the introduction of lines of business and/or activities which are reserved for the Indonesian central government. … Continue reading Indonesia – The New Capital Investment Regime
As a preliminary step for anyone wanting to do business in a developing market, extensive due diligence is an absolute must. Your due diligence should cover not just the business climate, the economic drivers, and the competition you could face in the new market, but also confirmation that your planned business is permitted in the new market, the applicable regulations for setting up your new … Continue reading Due diligence in a developing market