Indonesia Legislation Blog
A Closer Look at Indonesia’s Condominium Law Indonesia enacted a brand new Condominium Law in 2011 which changed Law No. 16 of 1985 however has not yet been formally applied. This legal update supplies insights into the present regulatory environment and the challenges faced by builders and potential householders amid continued uncertainty. Amendment to Regulation on the Utilization of Foreign Manpower Indonesia’s Ministry of Manpower has issued Regulation No. 35 of 2015, which serves as an modification to Regulation No. 16 of 2015 on the Procedure for the Utilization of Foreign Manpower, and brings about modifications covered on this legal update. Foreign Investment Restrictions Restrictions on overseas shareholders in Indonesia are set out in the Negative Investment List contained in Presidential Regulation No. 39 of 2014 outlining the listing of business fields which would possibly be closed and business fields which are open with requirements for funding. Indonesian Regulatory Framework for Real Estate Investment Funds In late 2015, the Indonesian Minister of Finance issued a regulation to encourage the growth of real property investment funding in the type of Collective Investment Contracts.
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Collective Agreement Under The Provisions Of The Jordanian Labor Law No Eight Of 1996 As Amended
New Government Regulation on Foreign Ownership within the Insurance Sector The authorities issued new Government Regulation No. 14 of 2018 on Foreign Ownership Limitation in Insurance which supersedes and replaces earlier government regulation within the insurance sector. “NO&T Thailand Legal Update” is written by Asian Thai certified attorneys to offer updates on laws and legal practices specializing in Thailand, mainly for companies doing business or making investment in Thailand. The contents of Law Update usually are not meant to be an alternative to particular legal advice on any particular person issues.
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Higher Work Haiti: 4th Biannual Compliance Synthesis Report
ESDM Regulation forty two and Oil and Gas Companies On 14th July 2017, the Minister of Energy and Mineral Resources revealed Regulation No. 42 of 2017 (Reg. 42). 42 apply to upstream and downstream oil and gas firms, IUPTL holders and IPB holders. Indonesia Launches New Economic Policy Package On 31st August 2017, President Joko Widodo enacted the 16th economic policy bundle, which aims to improve the benefit of doing business in Indonesia by providing measures to speed up issuance of enterprise licenses and permits at the central and regional ranges. Data Protection in Indonesia’s Financial Services Sector Minister of Communication and Informatics Regulation No.20 of 2016 strengthens the obligations to guard the personal and financial information of shoppers by suppliers of electronic methods. New Regulation on Criteria and Drug Registration Procedure BPOM Regulation No. 24 of 2017 replaces earlier BPOM laws in setting out the newest procedure for drug registration. New Regulation on Marketing Authorization for Medical Devices and Supplies The Minister of Health issued Regulation No. sixty two of 2017 on Marketing Authorization for Medical Devices and Supplies to harmonize Indonesian regulations with ASEAN and world rules on medical units.
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 commonest choice for an overseas firm as a international investor to determine a presence in Indonesia is by organising a restricted legal responsibility firm (Perseroan Terbatas ) with international possession . 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 appears set to deal with the bottlenecks which have been holding again the progress of energy generation tasks. General Meeting of Shareholders in Indonesia Limited liability companies in Indonesia should hold an annual common assembly of shareholders no much less than six months after the end of their monetary year.
Indonesia Extends Cabotage Exemption The Indonesian Shipping Law and its implementing regulations include Indonesia’s cabotage guidelines, requiring that home sea transportation be carried out by an Indonesian delivery company using an Indonesian-flagged vessel and an Indonesian crew. Insurance Companies Must Follow Requirement on Ultimate Shareholders The Indonesian Insurance Law launched a big change relating to the shareholding composition of insurance coverage companies. The Insurance Law mandates that the local shareholders in an insurance company should be in the end owned by Indonesian individuals.
- Indonesian Shipping Law – Marine Casualty In the occasion of a ship collision, grounding or different major casualty, there are a variety of key provisions in Indonesia that can impact upon the liability and response of involved events.
- These regulations update present laws issued by BI with the aim of creating a wholesome overseas change market in Indonesia, as is explained on this brief abstract.
- Establishing a Presence in Indonesia from Abroad The most typical possibility for an overseas company as a overseas investor to determine a presence in Indonesia is by setting up a limited liability firm (Perseroan Terbatas ) with foreign possession .
- 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.
- New Regulation on Divestment Minister of Energy and Mineral Resources (“MEMR”) Regulation No. 9 of 2017 further regulates the divestment process for the downstream mining trade particularly to the worth at which the federal government will choose up shares.
New OJK Rule on Public Accountants and Public Accountant Offices The issuance of this new rule has an influence on the engagement of exterior auditors by publicly-listed companies provided that public corporations are one of many topics being regulated and supervised by OJK. The Development of Personal Data Protection in Indonesia After months of drafting and deliberation, Indonesia’s Ministry of Communication and Informatics (“MOCI”) in late 2016 issued a long-awaited regulation on the safety of non-public knowledge. Data Categorization for Electronic System Operators Providing Public Services The MOCI has issued a draft modification to Government Regulation No. eighty two of 2012 which requires electronic system operators providing public services to have onshore data facilities and disaster recovery facilities. Expanded Coverage and New Feed-in Tariff for Indonesia’s Waste to Energy Projects The authorities just lately issued Presidential Regulation No. 35 of 2018 on the acceleration of development of waste to energy tasks. Franchise Agreements in Indonesia A franchise, under Indonesian regulations, is defined as a particular proper owned by an individual or a legal entity to a unique business system that has confirmed successful in promoting items and/or services, and can be used by another party based on a Franchise Agreement. Employee Data Privacy in Indonesia The Indonesian Minister of Communication and Informatics relatively recently issued MOCI Regulation No. 20 of 2016 relating to the Protection of Personal Data in Electronic Systems , which stipulates the protections afforded to non-public information saved in an electronic system.