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Legal Updates

Bank Indonesia Sets New Limits for the Provision of E-Money Bank Indonesia issued a regulation on e-money that stipulates numerous requirements and prohibitions that had been beforehand unregulated. The New Tax Holiday Regulation of Indonesia New Minister of Finance regulation presents extra engaging corporate income tax reduction facilities for investors. BKPM Stops Issuing Licenses On twenty first June, the federal government issued Regulation No. 24 of 2018 on Electronic Integrated Business Licensing Services. As a consequence, the BKPM will briefly droop the processing and issuing of licenses and will transition to a nationwide Online Single Submission system. IDX Issues New Listing Rule The Indonesia Stock Exchange has issued a new listing rule for shares and equity-type securities.

Legal Update

Once the article is obtained, it’s forwarded to our two reviewers after removing names of authors and their affiliations. Reviewers send their comments in due course of time and these comments/ queries are forwarded to authors to make corrections or supply explanations. Once the reviewers are satisfied with corrections in manuscripts or explanations given by authors, authors are conveyed the decision of acceptance of article.

This workshop will evaluation legal developments within the previous 12 months, focusing specifically on a few of the most interesting current instances, and their practical relevance to the families who come to family mediators for assist. A digital library of regularly posted insights and legal updates based mostly on your selected preferences. Find the latest changes in the legal panorama that probably have an effect on your corporation. From changes in legislation and case regulation to regulatory reforms, at Ashurst we’re able to assist you on all legal developments. The update is out there for obtain as a PDF document or in limited quantities as a printed document to most of the people for non-commercial purposes. The updates are available by case class, court docket level, bills by house of origin, chapter number, and jurisdiction or as a single report by utilizing the drop down menus beneath.

Ownership of Homes or Residences by Foreigners in Indonesia In seeking to handle beforehand ambiguous legislation, Indonesia’s government has launched a new regulation which stipulates that foreigners who hold a legal keep allow are allowed to own houses and apartment units in Indonesia. A New Regulation on Intellectual Property License Agreement Recordal The prevailing mental property laws in Indonesia stipulate that it is necessary to record an IP license agreement with the Directorate General of IP. In the absence of recordal, an IP license settlement is deemed to be not binding on any third celebration. Indonesia’s worldwide investment coverage has been within the highlight because the Government of Indonesia conveyed in 2014 its intention to terminate all of its current bilateral investment treaties. Taking the Temperature of Indonesia’s Geothermal Regulatory Climate Indonesia’s geothermal resources are among the largest in the world, with around 40 {3bf81963009fa4a883174da3de8e719517a23765fdad1293061ac657e79f2db8} of the global geothermal assets, and the government has intensified its efforts to encourage geothermal energy improvement. In Indonesia, New Licensing Rules for Imports and Exports The Government of Indonesia has recently issued a package of economic policies designed to take away irrelevant necessities and to deregulate and spur the expansion of the Indonesian financial system.

Indonesia’s Economic Stimulus Packages Between September 2015 and March 2016, the Indonesian central government released eleven financial stimulus packages, which taken collectively are known as Jokowi’s Economic Package . The following is a abstract of the packages that have been launched as of this text. New Body Set Up to Resolve Disputes in Indonesia’s Construction Sector The Indonesian Centre for Arbitration and Alternative Dispute Resolution for Construction in late 2015 held its first seminar to announce its existence as a dispute decision body within the area of development in Indonesia.

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He was also enrolled in the Prevention towards Corruption training held by the Ministry of Environment and Forestry. Previously worked for a items and repair firm at PT Korusindo Development Jointventure. To be taught extra about our services and get the most recent legal insights from across the Middle East and North Africa region, click on on the hyperlink under. A complete spectrum of legal services across jurisdictions in the Middle East & North Africa. It is a sector that can once again have the spotlight on it this year as we continue to tackle COVID-19 and its subsequent variants.

  • The winner of the Chief Justice Trophy of the Constitutional Court Constitutional Moot Court Competition in 2017, he was also the 7th Best Expert within the particular person category and earned the Top four Applications Award in the group category.
  • In 2017, Tareq was awarded because the Most Outstanding Student of Kopertis V-Yogyakarta by the Ministry of Research and Higher Education of the Republic of Indonesia.
  • SHRM advocates on the state and federal stage on key matters that affect employees—and society—every day.
  • four.Licensing PolicyArticles in Medico-legal Update journal are Open Access articles published underneath the Creative Commons CC BY License Creative Commons AttributionCreative Commons Attribution .
  • Launching of Electronic-Based Intellectual Property Services in Indonesia The Ministry of Law and Human Rights formally launched electronic- primarily based intellectual property companies on twenty ninth December 2016.
  • The share transfer/change in management and change of director provisions of Reg.

Procurement Arrangements in the Indonesian Construction and Projects Sector Under Indonesian Law No. 2 of 2017 (the “Construction Law”), procurement arrangements in Indonesia are made through the execution of a building work contract between the project owner/employer and the service provider/contractor. New Indonesian Manpower Regulation Changes Rules for Foreign Workers The Indonesian Ministry of Manpower has issued MOM Regulation Number 10 of 2018 on Procedures for the Utilization of Foreign Workers. Indonesia’s OJK Issues Regulation on Quick Restructuring for Troubled Banks in Wake of COVID-19 The COVID-19 world pandemic has taken a toll on the Indonesian economy, underlining the need for monetary institutions to have adequate liquidity in the face of uncertain occasions. Sign up for the GBG Indonesia Quarterly Business Intelligence Report for the most recent news on your sector. While offering the CME credit hours listed in these pages, these activities aren’t supposed to supply intensive training in a subject. Law Firm has been named a finalist in at the Asian Legal Business 2021 Indonesia Law Awards, including Indonesia Law Firm of the Year.

Indonesian Legal Update

New Regulation on Criteria and Drug Registration Procedure BPOM Regulation No. 24 of 2017 replaces previous BPOM rules in setting out the latest process for drug registration. Data Protection Rules and Principles in Indonesia Several obligations should be fulfilled by digital system suppliers in Indonesia beneath MOCI Regulation No. 20 of 2016 to ensure that private knowledge is processed correctly. New Abandonment and Site Restoration Obligations Upstream Oil and Gas Activities Indonesia’s Minister of Energy and Mineral Resources has regulated abandonment and web site restoration actions, or post-operation activities, for the upstream oil and gasoline sector. New Regulation on Marketing Authorization for Medical Devices and Supplies The Minister of Health issued Regulation No. 62 of 2017 on Marketing Authorization for Medical Devices and Supplies to harmonize Indonesian regulations with ASEAN and international laws on medical devices.

Madhya Pradesh State Info Commissioner Issues Arrest Warrant In Opposition To Non

General Meeting of Shareholders in Indonesia Limited legal responsibility companies in Indonesia must hold an annual general assembly of shareholders at least six months after the top of their financial yr. The AGMS should focus on and approve the annual report submitted by the Board of Directors, which should include a monetary report amongst other particulars. Proposal to Revoke Five Business Permits in Indonesia On 16th March 2016, Indonesian President Joko Widodo announced a plan to simplify enterprise licensing in Indonesia by revoking 5 existing business permits issued at the regional stage. Regulatory Developments within the Indonesian Banking Industry The Financial Services Authority has had regulatory authority over Indonesian banks, besides Bank Indonesia (“BI”), since 31st December 2013, as stipulated underneath Law No. 21 of 2011 concerning the Financial Services Authority. BI is Indonesia’s central bank and maintains jurisdiction over the financial provide. Indonesia Introduces New Solar Power Regime In 2013, the Indonesian government first launched a solar energy regulatory regime which required the federal government to publish solar power quota allocations for numerous components of Indonesia.

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