Book Chapter

Indonesian Financial Laws: Banking, Insolvency and Taxation

Tim Lindsey, S Butt

Research Handbook on Asian Financial Law | Edward Elgar Publishing Ltd | Published : 2020

Abstract

This chapter offers an overview of the three key areas of law relevant to the financial aspects of doing business in Indonesia: banking; insolvency; and taxation. Indonesian financial law, while far more sophisticated today than it was under the authoritarian rule of President Soeharto (1966–98), remains problematic in many respects. In particular, dysfunctional patterns in the development and application of new laws, and the distorting effect of intervention in policy formation and the market generally by powerful oligarchic business groups, has seen corruption remain a major obstacle to the fair and transparent implementation of laws. As a result, many aspects of the detailed new regulator..

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University of Melbourne Researchers

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