Rajah & Tann Regional Round-Up your snapshot of key legal developments in Asia Issue 2 - Apr/May/Jun 2014

	Indonesia's New Negative Investment List In an effort to increase investment in Indonesia and to align with the treaties of the ASEAN Economic Community, the Indonesian Government recently issued a new Negative Investment List ("NIL").  The revised NIL specifies more clearly business activities which are either entirely closed or conditionally open to foreign direct investment.  While the revised NIL allows for higher caps for foreign direct investment from ASEAN-based investors in certain sectors, it also sets greater limits on a number of sectors such as retail, agriculture and energy.  However, foreign investors can take some comfort in knowing that foreign investment companies (PMA companies) which have already obtained the Capital Investment Coordinating Board (BKPM) approval will be not affected by the changes in the NIL (unless changes are favourable). For more information, please refer to the firm's update here. Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.	Assegaf Hamzah & Partners Jakarta Office Level 36 & 37, Capital Place Jalan Jenderal Gatot Subroto Kav 18 Jakarta 12710, Indonesia Surabaya Office Pakuwon Center, Superblok Tunjungan City Lantai 11, Unit 08 Jalan Embong Malang No. 1, 3, 5, Surabaya 60261, Indonesia http://id.rajahtannasia.com Contacts: Ahmad Fikri Assegaf Senior Partner/Co-Founder D +62 21 2555 7800 F +62 21 2555 7899 ahmad.assegaf@ahp.co.id Bono Daru Adji Managing Partner D +62 21 2555 7800 F +62 21 2555 7899 bono.adji@ahp.co.id Chandra M Hamzah Partner D +62 21 2555 7800 F +62 21 2555 7899 chandra.hamzah@ahp.co.id Eri Hertiawan Partner D +62 21 2555 7800 F +62 21 2555 7899 eri.hertiawan@ahp.co.id Eko Ahmad Ismail Basyuni Partner D +62 21 2555 7800 F +62 21 2555 7899 eko.basyuni@ahp.co.id Ibrahim Sjarief Assegaf Partner D +62 21 2555 7800 F +62 21 2555 7899 ibrahim.assegaf@ahp.co.id Rajah & Tann Singapore LLP Contacts: Hamidul Haq Partner D +65 62320398 hamidul.haq@rajahtann.com Paul Ng Partner D +65 62320429 paul.ng@rajahtann.com Rajah & Tann Asia is a network of legal practices based in Asia. Member firms are independently constituted and regulated in accordance with relevant local legal requirements. Services provided by a member firm are governed by the terms of engagement between the member firm and the client. This update is solely intended to provide general information and does not provide any advice or create any relationship, whether legally binding or otherwise. Rajah & Tann Asia and its member firms do not accept, and fully disclaim, responsibility for any loss or damage which may result from accessing or relying on this update.