In an attempt to create global-quality, state-owned enterprises (badan usaha milik negara– “BUMN”), the House of Representatives (“House”) is currently discussing the Draft Bill on State-Owned Enterprises (“Draft Bill”), which updates the current framework for the organization of BUMNs, as currently addressed under Law No. 19 of 2003 on State-Owned Enterprises (“BUMN Law”).Due to the broad scope of the Draft Bill, this edition of Indonesian Legal Brief (ILB) will limit its discussion to the following matters:
Draft Bill on BUMN
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