The Indonesia Omnibus Law: Key changes, impact on business and what next

In October 2020, Indonesia’s Parliament passed the widely heralded, but controversial, Omnibus Law, which is intended to remove a plethora of complexities and red tape across a range of existing laws that are seen to hinder business efficiency in Indonesia. The Omnibus Law is anticipated to impact foreign investment in Indonesia, particularly if the complex rules around foreign ownership in the so-called “Negative Investment List” are abolished or relaxed. In this brief podcast, our Tokyo and Jakarta teams explore the key changes, impact on Japanese and multinational companies, and what this means for the "Negative List". The team will also consider recent investment trends in Indonesia post-Covid, and whether the Omnibus Law will make a difference.Further details of the Omnibus Law can be found here: https://sites-herbertsmithfreehills.vuturevx.com/e/2iksxdes1etlng