Regulation eighty five introduces the concept of Bonded Logistics Centres as one sort of Bonded Storage Places in Indonesia. Ownership of Homes or Residences by Foreigners in Indonesia In looking for to handle beforehand ambiguous legislation, Indonesia’s government has introduced a new regulation which stipulates that foreigners who maintain a legal keep permit are allowed to own houses and apartment models in Indonesia. Licensing of Insurance and Reinsurance Providers in Indonesia Insurance and reinsurance companies doing enterprise in Indonesia have to be licensed by the Financial Services Authority .
- In the latest determination of Tamar Perry and anor v Jacques Henri Georges Esculier and anor and one other matter SGCA 5, the Court of Appeal held that non-public claims (ie claims which do not give the plaintiff an possession declare to the assets …
- The purpose of this Prakas is to set the principles referring to the institution and administration of those two teams (the necessary and…
- Terminating an Employment Relationship in Indonesia Under Law No. 13 of 2003 relating to Labor (the “Labor Law”) and other prevailing labor laws and laws, employment-at-will and termination upon simple discover aren’t acknowledged in Indonesia.
- Procedures for Land Freezes and Land Seizures in Indonesia Head of National Land Agency Regulation No.13 of 2017 covers the completely different land freeze and seizure procedures previously governed by a number of totally different regulations.
- 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 present enterprise permits issued on the regional level.
This is an open entry journal which signifies that all content material is freely available with out charge to the consumer or his/her establishment. Users are allowed to learn, download, copy, distribute, print, search, or hyperlink to the full texts of the articles, or use them for any other lawful function, without asking prior permission from the publisher or the author. Government Changes Divestment Requirements for Mining Companies in Indonesia Indonesia’s mining trade stays in flux. On 14th October 2014, the Indonesian Government issued the third amendment to Government Regulation No. 23 of 2010 regarding the Implementation of Mineral and Coal Mining Business Activities and in doing so launched revised divestment necessities. Mandatory Use of Rupiah in Indonesia Indonesia’s central financial institution, Bank Indonesia, lately issued BI Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of the Rupiah throughout the Republic of Indonesia, which restricts using international foreign money in domestic transactions conducted within Indonesian territory. New Regulation Prohibits Manufacturers from Importing Industrial/Finished Goods As part of the federal government’s financial deregulation bundle issued on 9th September 2015, the Ministry of Trade has issued another new regulation on imports.
The oil and gasoline sector includes of upstream and downstream activities, which are separately regulated and organised. The OJK Issues New Circular Letter on Micro-insurance Products Circular Letter 9, whereas not in the form of an OJK regulation, now prescribes an in depth manner and strategy to the distribution and sale of micro-insurance products. Anti-Corruption Developments in Indonesia Indonesia has seen an increase within the number of cases processed by the KPK and have had three new anti-corruption regulations enacted since 2016. The Indonesian Government Resumes Discussions on Over-The-Top Regulation The 2017 Draft OTT Regulation intends to drive Over The Top utility and content material service suppliers to establish presence in Indonesia, to protect public interest and guarantee certainty of consumer safety.
2 Protection Of Younger Workers
The OJK must approve or reject the license application no later than 30 days after the whole utility is received. Taking the Temperature of Indonesia’s Geothermal Regulatory Climate Indonesia’s geothermal resources are among the largest in the world, with round 40 % of the global geothermal sources, and the federal government has intensified its efforts to encourage geothermal power growth. In Indonesia, New Licensing Rules for Imports and Exports The Government of Indonesia has recently issued a package of financial policies designed to remove irrelevant requirements and to deregulate and spur the growth of the Indonesian economic system.
Not every article in a journal is taken into account primary research and due to this fact “citable”, this chart exhibits the ratio of a journal’s articles together with substantial analysis in three year windows vs. these documents apart from analysis articles, reviews and convention papers. The Ministry of Interior issued a new Prakas No. 2644 PK dated 19 October 2021 on the Establishment and Management of Mandatory and Voluntary Taskforces for Fire Prevention and Firefighting (“Prakas 2644”). The objective of this Prakas is to set the principles relating to the establishment and management of those two teams (the necessary and… Defamation beneath Indonesian Law Defamation underneath Indonesian legislation entails the issuance of a defamatory assertion that causes a person to suffer hurt. Chapter XVI of the Indonesian Criminal Code governs both slander and libel in offering details on six several sorts of defamation, as is explained in this legal update. Registration of Vessels in Indonesia Any vessel of at least 7 gross tonnes can be registered underneath the Indonesian flag including offshore drilling rigs and cell offshore drilling models.
The essential requirement is that there should be two or more collectors and no much less than one mature but unpaid debt for a bankruptcy action to be initiated towards a debtor. BPOM Simplifies Drug Registration Process On 4th August 2016, the Food and Drug Supervisory Agency enacted a new regulation which adjustments the registration process of drugs. The changes are mirrored in Head of BPOM Regulation No. 17 of 2016 on the Second Amendment of Head of BPOM Regulation No. three of 2011. The Halal Product Assurance Law wants round 20 implementing rules which have to be issued inside two years after seventeenth October 2014. The Halal certification obligation under the Halal Product Assurance Law will become necessary 5 years after 17th October 2014.
New Regulation Allows Appointment of ROEs for Construction Projects The Indonesian government lately issued Government Regulation No. fifty four of 2016 concerning the Third Amendment to Government Regulation No. 29 of 2000. The newly-issued Third Amendment introduces a provision that enables Regional-Owned Enterprises the identical remedy as State-Owned Enterprises. BKPM Supports Indonesian Tax Amnesty Programs by Issuing a Facilitating Regulation On twenty eighth October 2016, the Head of the Capital Investment Coordinating Board issued Regulation No. eight of 2016 (“Regulation 8”), which immediately went into impact. Regulation eight was issued to assist the tax amnesty programmes initiated by the Indonesian government. New Online Registration System Transforms Franchise Application Process The Ministry of Trade (“MOT”) has launched a new platform for the registration of numerous licenses together with the franchise registration certificate. Development of Oil and Natural Gas in Indonesia Indonesia’s oil and fuel sector is ruled by Law No. 22 of 2001 relating to Oil and Gas.
However, the Indonesian Supreme Court struck down this 2013 framework as being inconsistent. Key Features of the Draft New Law on the Supervision of Food and Drugs The Indonesian authorities is at present discussing the Draft Law on Food and Drugs Supervision, which consists of a complete of a hundred and five Articles setting out a comprehensive arrangement of provisions associated to the supervision of food and drugs. Launching of Electronic-Based Intellectual Property Services in Indonesia The Ministry of Law and Human Rights formally launched electronic- based mostly mental property providers on twenty ninth December 2016. The electronic filing system enables IP consultants to file purposes at any time online without being constrained by the restricted opening hours of the Intellectual Property Office. Guide to Benefits in Indonesia In 2011, the Indonesian authorities reformed its National Social Security System and handed Law No. 24 on the Social Security Organising Body to assist meet the fundamental needs of the country’s inhabitants. Companies in Indonesia are required to register workers in the Indonesian government’s employment social safety programmes.
We bring together attorneys of the very best calibre; progressive thinkers driven by the will to assist our shoppers achieve enterprise success. We characterize and support our members, promoting the highest professional standards and the rule of legislation. Evolution of the variety of whole quotation per doc and external citation per doc (i.e. journal self-citations removed) obtained by a journal’s published documents through the three earlier years. External citations are calculated by subtracting the variety of self-citations from the entire variety of citations obtained by the journal’s documents.
Indonesia’s OJK Issues Regulation on Quick Restructuring for Troubled Banks in Wake of COVID-19 The COVID-19 international pandemic has taken a toll on the Indonesian economic system, underlining the necessity for monetary institutions to have adequate liquidity in the face of unsure occasions. New Developments in Indonesian Immigration Policy On September 11, 2020, the Indonesian Government enacted a brand new regulation that introduces several changes to the immigration regime that have an result on foreigners, Indonesians and the procurement of journey documents. SHRM’s weekly Workplace Compliance e-newsletter presents summaries of legal decisions, legislative information and regulatory information, in addition to evaluation of what they imply for your group. Sign-up to follow matters, sectors, individuals and also have the choice to receive a weekly update of lastest news throughout your areas of curiosity. Global legal enterprise DWF has reported a seven per cent increase in gross profits to reach £89 million within the six months ending 31 October 2021.