Enterprise Rules In Indonesia

Mandatory Use of Rupiah in Indonesia Indonesia’s central financial institution, Bank Indonesia, recently issued BI Regulation No. 17/3/PBI/2015 concerning the Mandatory Use of the Rupiah throughout the Republic of Indonesia, which restricts the use of foreign foreign money in home transactions carried out within Indonesian territory. New Regulation Prohibits Manufacturers from Importing Industrial/Finished Goods As a half of the federal government’s financial deregulation package deal issued on 9th September 2015, the Ministry of Trade has issued another new regulation on imports. This new regulation removes the provision which allowed holders of Producer Importer Identification Numbers to import certain industrial/finished items.

Protection of Privacy in Indonesia Article 28 is taken into account the basis for extra specific data privateness legislation. However, there is not any specific legislation in Indonesia that regulates respect for private and household life. As of the time of this writing, essentially the most relevant regulations for the safety of privacy are associated to non-public information safety. [newline]Our specialist employment legal professionals talk about the newest legal developments and employment issues.

  • He has specific expertise in contractual arbitration and representing employers within the technology trade, including defending firms and boards of directors from claims filed by current and former c suite executives.
  • He is a Junior Lawyer specializing in administrative legislation and constitutional regulation.
  • Once the reviewers are happy with corrections in manuscripts or explanations given by authors, authors are conveyed the choice of acceptance of article.
  • OJK Raises Corporate Governance Standards Imposed on Public Companies The Indonesian Financial Services Authority enacted a rule on the implementation of public corporations’ corporate governance tips which set a brand new commonplace of corporate governance follow for public corporations.

This legal update offers an outline of legal guidelines on public mergers and acquisitions in Indonesia, covering the first means of obtaining control of a public firm. In this edition, you might have unique entry to great insights and expert commentary on a quantity of pertinent healthcare regulatory developments. You will discover a topical mixture of articles; for example, our lawyers discuss vaccines and returning to work in the course of the pandemic. They take you through several different areas, together with stem cell analysis in Bahrain, scientific research laws in Egypt, and Saudi medical gadget and pharmaceutical laws. Indonesian Financial Services Authority in Review This legal update appears at a few of the regulatory modifications which have been launched for the rationale that Financial Services Authority took over supervision of the capital markets, non-bank monetary establishments and banking sectors previous to 2014.

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Indonesian Omnibus Bill – Changes to Labor-Related Sectors The Indonesian House of Representatives just lately handed the Omnibus Bill on Job Creation (the “Omnibus Bill”). Indonesian Omnibus Bill – Changes to the Halal Products Law The Indonesian House of Representatives just lately passed the Omnibus Bill on Job Creation (the “Omnibus Bill”). The said goal of the Omnibus Bill is to bolster funding and create jobs by streamlining laws and simplifying the licensing process to enhance the ease of doing business in Indonesia. Indonesia’s Omnibus Law Puts Focus on Direct Use of Geothermal Resources The Indonesian Government enacted Law No. 11 of 2020 relating to Jobs Creation (the “Omnibus Law”) on November 2, 2020. Indonesia Omnibus Bill – Potential Changes to the Immigration Law The Indonesian House of Representatives lately passed the Omnibus Bill on Job Creation (the “Omnibus Bill”). Indonesia Omnibus Law – Changes to the Shipping Law Hint at Smoother Sailing for Business ) Indonesian President Joko Widodo recently signed Law No. eleven of 2020 on Jobs Creation (the “Omnibus Law”).

Swanepoel V Kpmg Companies Pty Ltd J494

In this episode Charles Pigott explains what has occurred to the Government’s key proposals for employment law reform announced in December 2019, and what different plans for legal adjustments are within the pipeline. This edition of our Luxembourg Legal Update covers, amongst other subjects, the CSSF Annual Activity Report for 2014 and the Prospectus Law, and a case legislation on the limitation of liability clause for banks. This edition covers, amongst other matters, the latest developments referring to the outcome of the 23 June 2016 referendum in the UK.

New Regulation on Divestment Minister of Energy and Mineral Resources (“MEMR”) Regulation No. 9 of 2017 further regulates the divestment process for the downstream mining trade particularly to the worth at which the government will decide up shares. The regulation replaces MEMR regulation No. 27 of 2013 to the extent of the divestment provisions. New OJK Rule on Public Accountants and Public Accountant Offices The issuance of this new rule has an impact on the engagement of exterior auditors by publicly-listed companies given that public corporations are one of the subjects being regulated and supervised by OJK. Indonesia Extends Cabotage Exemption The Indonesian Shipping Law and its implementing rules contain Indonesia’s cabotage guidelines, requiring that domestic sea transportation be carried out by an Indonesian delivery firm using an Indonesian-flagged vessel and an Indonesian crew.

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