Indonesia Extends Cabotage Exemption The Indonesian Shipping Law and its implementing laws contain Indonesia’s cabotage rules, requiring that domestic sea transportation be carried out by an Indonesian shipping firm using an Indonesian-flagged vessel and an Indonesian crew. Insurance Companies Must Follow Requirement on Ultimate Shareholders The Indonesian Insurance Law introduced a big change concerning the shareholding composition of insurance coverage companies. The Insurance Law mandates that the local shareholders in an insurance coverage firm have to be in the end owned by Indonesian people.
As younger people more and more embrace tattoos which perform as social statements and represent thoughts and feelings, this brings about questio… Data safety impression assessment required despite “Might of the StateR…Kenyan High Court Introduction On 14 October 2021, the Kenyan High Court declared the gathering of biometric data and the rollout of the count… Indonesian Language Law from the Perspective of the Courts In 2013, the West Jakarta District Court issued a groundbreaking determination that captured the attention of the business community in stipulating that the Indonesian language should be utilized in business agreements with Indonesian companies and companies. Regulation Curbs Power of Local Authorities in Indonesian Mining Sector The Indonesian authorities seems to be getting serious about stripping regents of the authority to issue mining licenses.
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The authorities took the primary steps on this path with Minister of Energy and Mineral Resources Regulation No. 27 of 2013. Government to Issue Regulation to Re-order or Revoke IUPs For the previous 5 years, the Ministry of Energy and Mineral Resources has sought to tidy up historic anomalies in the issuance of mining enterprise permits . Against this background, it has been recently floated within the media that the MEMR may quickly concern a regulation to kind out problematic IUPs.
- 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.
- Public Mergers and Acquisitions in Indonesia Despite the slowing financial system, M&A activity picked up usually towards the top of 2014, though not particularly involving public companies.
- Royalties have been thought to be costs to be added to customs value – so lengthy as the royalties meet all of the situations set out in Law No. 10 of 1995 as amended by Law No. 17 of 2006 on Customs (“Customs Law”) and its implementing regulation.
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- Franchise Agreements in Indonesia A franchise, underneath Indonesian regulations, is outlined as a particular proper owned by an individual or a legal entity to a unique enterprise system that has confirmed profitable in promoting goods and/or providers, and can be used by one other celebration based mostly on a Franchise Agreement.
- The Chapter provides a realistic overview of the patent litigation process in Singapore together with direct and oblique patent infringement, patent invalidity, post-grant opposition proceedings and injunctions, patent litigation development areas, amongst o…
SSEK discusses the revised Negative Investment List, the influence of the ASEAN Free Trade Area on Indonesia and Bilateral Investment Treaties. Establishing a Presence in Indonesia from Abroad The most typical choice for an abroad company as a international investor to establish a presence in Indonesia is by organising a limited liability company (Perseroan Terbatas ) with foreign ownership . New Presidential Regulation to Accelerate 35GW Power Generation Programme Through the recent issue of Presidential Regulation No. 4 of 2016 on Acceleration of Power Infrastructure Development, Indonesia appears set to handle the bottlenecks that have been holding back the progress of energy era initiatives. General Meeting of Shareholders in Indonesia Limited legal responsibility firms in Indonesia must hold an annual basic meeting of shareholders at least six months after the top of their monetary year.
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Indonesian Omnibus Bill – Changes to the Halal Products Law The Indonesian House of Representatives recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill”). The acknowledged goal of the Omnibus Bill is to bolster investment and create jobs by streamlining laws and simplifying the licensing process to enhance the ease of doing enterprise in Indonesia. Indonesia’s Omnibus Law Puts Focus on Direct Use of Geothermal Resources The Indonesian Government enacted Law No. eleven of 2020 concerning Jobs Creation (the “Omnibus Law”) on November 2, 2020. Indonesia Omnibus Bill – Potential Changes to the Immigration Law The Indonesian House of Representatives recently 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”). Indonesia Omnibus Law and the Impact on Tax Laws The Indonesian Government recently handed Law No. eleven of 2020 relating to Job Creation (the “Omnibus Law”).
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OJK Revokes Stimulus Package for Insurance Companies and Pension Funds On thirty first August 2015, the Financial Services Authority issued a quantity of circular letters as a stimulus coverage bundle to minimise the detrimental effects of unstable global financial conditions on the insurance and pension fund business sector. Restrictions on Contractors within the Indonesian Oil and Gas Sector There are numerous rules for Production Sharing Contract (“PSC”) Contractors in Indonesia’s oil and gas sector, together with those on the export of manufacturing, forex change and the transfer or disposal of growth rights. Government to Approve Corporate Actions within the Indonesian Energy Sector The Indonesian Minister of Energy and Mineral Resources (“MEMR”) has issued MEMR Regulation No. 42 of 2017 which goals to improve the supervision of enterprise entities within the vitality and mineral sources sector in part by closing regulatory gaps.
Data Protection Rules and Principles in Indonesia Several obligations have to be fulfilled by digital system suppliers in Indonesia underneath MOCI Regulation No. 20 of 2016 to ensure that personal information is processed correctly. Indonesia Looks to Simplify Business Licensing With OSS System As a half of the push by the administration of President Joko Widodo to enhance the benefit of doing business in Indonesia and enhance investment, the government has issued Government Regulation Number 24 of 2018 relating to Online Business Licensing Services . Background Checks Under Indonesian Employment Law Employers in Indonesia frequently perform background checks on applicants.