New BUMN Restructuring and Privatization Framework in the Pipeline: Spin-off Procedures, Revised Approval Pathways and New Privatization Rules Incoming

The government is currently completing work on a new Draft Regulation of the Government (“ Draft Regulation ”) on the Restructuring and Privatization of State-Owned Enterprises (Badan Usaha Milik Negara– “ BUMN ”). If this framework is ultimately enforced, then it will simultaneously repeal and replace the following regulatory frameworks: [1]