Legislative Update > Residence

OJK Raises Corporate Governance Standards Imposed on Public Companies The Indonesian Financial Services Authority enacted a rule on the implementation of public corporations’ company governance guidelines which set a new standard of company governance apply for public companies. Indonesian Regulatory Framework for Real Estate Investment Funds In late 2015, the Indonesian Minister of Finance issued a regulation to encourage the expansion of real estate investment funding within the type of Collective Investment Contracts. Indonesia’s FinTech Office and New FinTech Regulation Bank Indonesia lately launched a FinTech Office on 14th November 2016.

Legal Update

Access rigorously selected content, including on-line seminars, members-only newsletters, and previous seminar materials that cowl a selection of in-depth matters. Please click on here to examine how we process your information in compliance with the General Data Protection Regulation . In the last 9 months of 2021 we saw a huge amount of exercise throughout all sub-sectors of well being and social care.

Compliance Evaluation Tool Sample

The chart exhibits the evolution of the typical variety of times documents printed in a journal in the past two, three and four years have been cited in the present 12 months. All forms of documents are thought of, including citable and non citable paperwork. The goal of this month-to-month update is to share a variety of the most up-to-date choices of the European and Spanish courts concerning Insolvency proceedings. 3.Plagiarism checking policy- The journal has zero tolerance policy for plagiarism.

Licensing of Insurance and Reinsurance Providers in Indonesia Insurance and reinsurance companies doing enterprise in Indonesia should be licensed by the Financial Services Authority . The OJK must approve or reject the license application no later than 30 days after the entire utility is received. Regulating E-Commerce for a Digital Future Business actors in Indonesia typically increase the question whether there are any Indonesian legal restrictions on digitalising their businesses via web sites or mobile applications. There is not any specific Government of Indonesia legislation or regulation that offers with e-commerce activities in any depth or element. Franchise Law in Indonesia When the federal government introduced a quantity of recent economic policy packages in an effort to stimulate the economy, none of the coverage packages focused on the franchising sector. Real Estate Disputes in Indonesia There is no arbitration facility or course of particularly designed to accommodate real estate issues under Indonesian law.

  • SSEK discusses the revised Negative Investment List, the influence of the ASEAN Free Trade Area on Indonesia and Bilateral Investment Treaties.
  • This practical document only covers areas of the law which are part of BWI’s scope of labour assessment or are more relevant for the garment and footwear business.
  • The current ‘Grey-listing’ of Hong Kong and Malaysia by the European Union – inserting Hong Kong and Malaysia on its watchlist for blacklisting, until they implement a tax reform previous to 2023 to amend the best way they tax overseas funding earnings.
  • Public Mergers and Acquisitions in Indonesia Despite the slowing economy, M&A activity picked up generally towards the end of 2014, although not specifically involving public companies.

Currently, he’s a consultant in the Task Force of Illegal Fishing Eradication. This ever-popular annual occasion, as soon as again hosted along side No 5 Chamber, will encompass displays from their barristers on topical planning issues going through planning follow. The event will deliver practitioners up to date with the latest planning laws and proposed changes, national coverage, appeals and legal challenges, with time for questions and answers with the audio system.

Guide To Jordanian Labour Law For Garment Industry

However, the Indonesian Supreme Court struck down this 2013 framework as being inconsistent. BPOM Simplifies Drug Registration Process On 4th August 2016, the Food and Drug Supervisory Agency enacted a model new regulation which adjustments the registration course of of medication. The adjustments are reflected in Head of BPOM Regulation No. 17 of 2016 on the Second Amendment of Head of BPOM Regulation No. 3 of 2011. The Halal Product Assurance Law wants round 20 implementing rules which must be issued within two years after seventeenth October 2014. The Halal certification obligation underneath the Halal Product Assurance Law will turn out to be necessary 5 years after 17th October 2014.

Lender Legal Update is a monthly half-hour call-in to address the latest regulatory and legal info from a practical business perspective. In this information-packed half-hour, attorneys with the Offit Kurman Financial Institutions Regulatory group will look at the latest tendencies, strategies, and practices impacting the lending trade. This listen-only session discusses the influence these trends might have on a lender’s enterprise, the potential solutions, and alternatives. Caisa Aamuliadiga, or pleasant generally identified as Diga, earned his Bachelor of Law from Universitas Andalas in 2016 and Master of Law from Universitas Indonesia in 2021. While at school, Diga co-founded Debate and Legal Research Communities, served because the President of Faculty of Law’s Student Executive Body, and actively participated in numerous university-level legal drafting competitions throughout Indonesia.

The FTC has notched its first success utilizing a model new approach to drive firms to pay cash in enforcement actions. On January 5, 2022, in FTC v. RCG Advances, the FTC settled allegations that a small-business financing firm and its principals violated Section 521 of the Gramm-Leach-Bliley Act—implicating that the statute is triggered by any misrepresentation in the course of a transaction the place a consumer presents cost info. This Legal Update supplies background and notes the implications for companies.

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