With the advancement of technology, we are facing rapid innovations and novelty in digital breakthrough. This progress has caused many sectors to change their business operation, especially the legal industry which relies on paper to execute contracts. With the rise of paperless era, smart contract has been given a roll of red carpet for its admission. In September 2016, there were approximately 123.376 smart contracts deployed online on the public blockchain platform. While today, more than a million smart contracts were created and used all around the world.
Since his election as the president, Joko “Jokowi” Widodo has for many times pledged to promote Indonesia as an investment haven for domestic and foreign investors.
An increase in new investment is necessary in order to help Jokowi’s administration to accomplish one of his main “Nawa Cita” (Nine Aspirations) mission: to build and strengthen national infrastructure for the sake of equal distribution of accelerated inter-regional development.
On mid-February 2017, the Indonesian Government has finally filed an appeal to the Dispute Settlement Body (DSB) of the World Trade Organization (WTO) for its infamous horticultural and animal products importation licensing regime case, as circulated to the WTO members on 22nd December 2016. Eighteen Indonesian measures were declared inconsistent with WTO laws, risking more than four national regulations to abide the Panel Report. Now, Indonesia is in position to counter back as they are now in stage of appeal against the complainants, namely the United States (US) and New Zealand.
On the day of his inauguration, the United States President Donald Trump has stated that he was going to prioritize America, and that “Every decision on trade, on taxes, on immigration, on foreign affairs, will be made to benefit American workers and American families.’’ These caviling words say a lot on where the wind is blowing politically in the US and around the world.
Our founder and senior partner is a member of the negotiation team representing Indonesian Chamber of Commerce and Industry (Kamar Dagang dan Industri Indonesia or KADIN) and Indonesian Employers Business Association (Asosiasi Pengusaha Indonesia or APINDO) in dealing with EU-Indonesia CEPA (Comprehensive Economic Partnership Agreement), Indo – EFTA and Indonesia-Australia CEPA. He is also a member of the assessment team for Trans-Pacific Partnership (TPP) established by the Ministerial Coordination.