On June 15, 2011 the Indonesian Petroleum Association submitted to the Indonesian Supreme Court a petition for judicial review against Government Regulation Number 79 Year 2010 concerning Recoverable Operational Costs and Income Tax Treatment for the Upstream Oil and Gas Industry, because certain provisions of the regulation have seriously taken a toll on the upstream industry in Indonesia. Once enacted in December 2010, the regulation sparked a public outcry, especially within the country’s…
From The Report: Indonesia 2012
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In partnership with Lubis Santosa & Maramis, OBG takes a look at Indonesia’s legal system. Important changes include new rules on cost recovery in the hydrocarbons sector, laws on investment. This chapter includes a viewpoint from Todung Mulya Lubis, Senior Partner, Lubis Santosa & Maramis.