Law 24 on translating documents into Indonesian remains
unclear, but banks are starting to develop best practice when
dealing with it.
Speaking at IFLR's Capital Markets Forum on November 18,
panellists on a session on south-east Asia outlined the ways
that their institutions and clients are dealing with the
Our current approach, which is open to legal
developments, is to require translation. This is not required
before signing, but is prepared between finalisation and the
deal closure, said Sok Cheng at Morgan Stanley.
Jean-Paul Hupez of the International Finance Corporation
agreed. We require translation to be prepared and