This is the first edition of a regular publication, where we aim to provide up-to-date information and analysis on the Indonesian infrastructure sector.
We hope that you find this month's newsletter an informative and useful read and will keep you updated with the exciting developments being made in Indonesia.
Should you have feedback or suggestions for future topics, please contact Elizabeth Kenyon:
Foreign investment and dispute resolution in Indonesia
Glen Warwick, Partner, Luke Carbon, Associate, and Richard Kniveton, Associate
Despite already being one of the largest economies in the Asia-Pacific region, the Indonesian economy is poised to undergo significant expansion over the coming years. By 2030, it is expected to be the seventh largest economy in the world, its middle class to more than triple, and its skilled workers to more than double. For all of its opportunities, investing in Indonesia has significant challenges. It is an unfamiliar place for many international companies, and its legal traditions are likewise unfamiliar to those already operating elsewhere in the Asia-Pacific region. Read more.
Overview of Indonesian Public-Private Partnership ("PPP") regulatory framework
Justin Tan, Partner, and Kaiyong Tan, Associate
Parties wishing to invest in PPP projects in Indonesia should take cognizance of the Indonesian PPP regulatory framework, which is governed primarily by three general categories of laws and regulations. Read more.
Dispute adjudication or avoidance board decision under the 1999 FIDIC Red Book
Eugene Tan, Partner
In PT Perusahaan Gas Negara (Persero) TBK v CRW Joint Operation [2015] 4 SLR 364 (SGCA) ("Perusahaan"), the Singapore Court of Appeal confirmed that interim awards made under Singapore's International Arbitration Act ("IAA") are final and enforceable. Notably, that an interim award based on a binding but non-final dispute adjudication or avoidance board ("DAB") decision made under the 1999 FIDIC Red Book Conditions of Contract for Construction (the "Red Book"), is final and enforceable. Read more.
Indonesian Projects & Construction Newsletter - October 2016
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.