S H E A R M A N & S T E R L I N G L L P | 4 9
INSIGHTS
Indonesia's New
'Positive List':
An Optimistic
Outlook on Foreign
Investments in the
Energy Space
BY JEAN-LOUIS NEVES MANDELLI, MATT MULLARKEY AND KANYA SATWIKA
As part of Law No. 11 of 2020 regarding Job
Creation or "Omnibus Law" (a regulatory
framework intended to address investment
and create value within the Indonesian
economy), Indonesian president, Joko Widodo
issued Presidential Regulation No. 10 of 2021
(the "Positive List") in February to replace its
predecessor, Presidential Regulation No. 44 of
2016 (often referred to as the "Negative List").
Continued overleaf
