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Indonesia: Carbon Credit Plan for Rainforest

(Mar. 2, 2008) On February 7, 2008, a project to save Indonesia's Ulu Masen rainforest in Aceh Province, by using carbon trading markets to help villages preserve trees, was announced. Under the plan, villages that halt logging would receive about $26 million in revenue from the sale of carbon credits to individuals and companies seeking […]

Indonesia: New Company Law

(Nov. 2, 2007) According to the INTERNATIONAL FINANCIAL LAW REVIEW, in August 2007 a new Company Law (Law 40/2007), on limited liability companies, was signed into law in Indonesia. The Law prescribes that the takeover or acquisition of a controlling interest in a privately-held Indonesian company must now be approved by the shareholders and published […]