Indonesia Legislation Blog
Indonesia Extends Cabotage Exemption The Indonesian Shipping Law and its implementing regulations contain Indonesia’s cabotage guidelines, requiring that home 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 major change relating to the shareholding composition of insurance coverage companies. The Insurance Law mandates that the local shareholders in an insurance company should be ultimately owned by Indonesian people.
SSEK discusses the revised Negative Investment List, the impression of the ASEAN Free Trade Area on Indonesia and Bilateral Investment Treaties. Establishing a Presence in Indonesia from Abroad The commonest possibility for an abroad firm as a overseas investor to ascertain a presence in Indonesia is by setting up a restricted liability firm (Perseroan Terbatas ) with international ownership . New Presidential Regulation to Accelerate 35GW Power Generation Programme Through the current problem of Presidential Regulation No. four of 2016 on Acceleration of Power Infrastructure Development, Indonesia seems set to address the bottlenecks which were holding again the progress of power technology tasks. General Meeting of Shareholders in Indonesia Limited liability companies in Indonesia must maintain an annual general assembly of shareholders no much less than six months after the top of their financial year.
Candidates In Rank Listing Have No Right To Demand That State Should Report All Vacancies : Supreme Court Docket
The government took the first steps in this course 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 business permits . Against this background, it has been lately floated in the media that the MEMR might quickly problem a regulation to kind out problematic IUPs.
Indonesian Omnibus Bill – Changes to the Halal Products Law The Indonesian House of Representatives lately handed 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 improve the convenience 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 concerning Jobs Creation (the “Omnibus Law”) on November 2, 2020. Indonesia Omnibus Bill – Potential Changes to the Immigration Law The Indonesian House of Representatives just 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 just lately signed Law No. 11 of 2020 on Jobs Creation (the “Omnibus Law”). Indonesia Omnibus Law and the Impact on Tax Laws The Indonesian Government just lately handed Law No. eleven of 2020 concerning Job Creation (the “Omnibus Law”).
OJK Revokes Stimulus Package for Insurance Companies and Pension Funds On thirty first August 2015, the Financial Services Authority issued a quantity of round letters as a stimulus policy package deal to minimise the detrimental effects of unstable global monetary situations on the insurance and pension fund business sector. Restrictions on Contractors in the Indonesian Oil and Gas Sector There are a selection of guidelines for Production Sharing Contract (“PSC”) Contractors in Indonesia’s oil and gas sector, including those on the export of manufacturing, foreign money trade and the transfer or disposal of improvement 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 aims to improve the supervision of business entities within the energy and mineral sources sector in part by closing regulatory gaps.
Indonesian Bankruptcy and PKPU Proceedings in a Time of COVID-19 The COVID-19 pandemic has caused extra financial hurt to Indonesia than the subprime mortgage disaster in 2008. As part of efforts to verify the unfold of the virus, the Indonesian government has implemented a coverage of Large-Scale Social Restrictions (Pembatasan Sosial Berskala Besar or “PSBB”), requiring most businesses to stop or no much less than pare down activities. Indonesia Relaxes Mandatory Employer Contributions to Manpower Social Security Programs Amid COVID-1 With COVID-19 infections not slowing in the nation, the Government of Indonesia (“GOI”) has continued to issue regulations aimed at preventing the pandemic and the economic downturn it has caused.
Data Protection Rules and Principles in Indonesia Several obligations should be fulfilled by electronic system suppliers in Indonesia under MOCI Regulation No. 20 of 2016 to ensure that personal data is processed properly. Indonesia Looks to Simplify Business Licensing With OSS System As part of the push by the administration of President Joko Widodo to enhance the ease of doing enterprise in Indonesia and enhance investment, the federal government has issued Government Regulation Number 24 of 2018 relating to Online Business Licensing Services . Background Checks Under Indonesian Employment Law Employers in Indonesia incessantly carry out background checks on applicants.
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As youthful individuals more and more embrace tattoos which perform as social statements and characterize thoughts and emotions, this brings about questio… Data protection impression evaluation required regardless of “Might of the StateR…Kenyan High Court Introduction On 14 October 2021, the Kenyan High Court declared the gathering of biometric info and the rollout of the rely… Indonesian Language Law from the Perspective of the Courts In 2013, the West Jakarta District Court issued a groundbreaking decision that captured the attention of the enterprise community in stipulating that the Indonesian language have to be utilized in industrial agreements with Indonesian companies and companies. Regulation Curbs Power of Local Authorities in Indonesian Mining Sector The Indonesian authorities appears to be getting critical about stripping regents of the authority to issue mining licenses.
- Licensing of Insurance and Reinsurance Providers in Indonesia Insurance and reinsurance corporations doing enterprise in Indonesia have to be licensed by the Financial Services Authority .
- Indonesia’s Economic Stimulus Packages Between September 2015 and March 2016, the Indonesian central authorities launched eleven economic stimulus packages, which taken together are generally identified as Jokowi’s Economic Package .
- This session will present an summary, and allow you to understand the practical implications, of the changes to the permitted growth and use class regimes brought in since August 2020.
- This practical doc only covers areas of the legislation which are a part of BWI’s scope of labour evaluation or are extra relevant for the garment and footwear business.
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