Information & Update
Indonesian Bankruptcy and PKPU Proceedings in a Time of COVID-19 The COVID-19 pandemic has triggered extra financial harm to Indonesia than the subprime mortgage crisis in 2008. As a half of efforts to check the unfold of the virus, the Indonesian authorities has applied a policy of Large-Scale Social Restrictions (Pembatasan Sosial Berskala Besar or “PSBB”), requiring most companies to stop or a minimum of pare down actions. Indonesia Relaxes Mandatory Employer Contributions to Manpower Social Security Programs Amid COVID-1 With COVID-19 infections not slowing within the nation, the Government of Indonesia (“GOI”) has continued to problem rules aimed at combating the pandemic and the economic downturn it has caused.
The regulation supplies new measures to the current personal information protection provisions in Indonesia. Protection of Privacy in Indonesia Article 28 is considered the basis for extra specific knowledge privacy laws. However, there isn’t a particular legislation in Indonesia that regulates respect for personal and family life. As of the time of this writing, the most relevant rules for the protection of privacy are associated to personal data safety.
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 overseas company as a foreign investor to determine a presence in Indonesia is by establishing a limited liability firm (Perseroan Terbatas ) with overseas possession . New Presidential Regulation to Accelerate 35GW Power Generation Programme Through the current issue of Presidential Regulation No. four of 2016 on Acceleration of Power Infrastructure Development, Indonesia seems set to deal with the bottlenecks which have been holding back the progress of power era initiatives. General Meeting of Shareholders in Indonesia Limited liability corporations in Indonesia must maintain an annual common meeting of shareholders at least six months after the tip of their financial year.
Uber Loses Courtroom Case On Agency Mannequin
Indonesian Omnibus Bill – Changes to the Halal Products Law The Indonesian House of Representatives just lately handed the Omnibus Bill on Job Creation (the “Omnibus Bill”). The said goal of the Omnibus Bill is to bolster investment and create jobs by streamlining regulations and simplifying the licensing course of to enhance 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. 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 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. eleven of 2020 on Jobs Creation (the “Omnibus Law”). Indonesia Omnibus Law and the Impact on Tax Laws The Indonesian Government recently passed Law No. eleven of 2020 regarding Job Creation (the “Omnibus Law”).
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New Investigatory Powers Of The Privateness Commissioner For Private Knowledge Underneath The Brand New Anti
Data Protection Rules and Principles in Indonesia Several obligations should be fulfilled by digital system providers in Indonesia underneath MOCI Regulation No. 20 of 2016 to guarantee that private information is processed correctly. Indonesia Looks to Simplify Business Licensing With OSS System As part of the push by the administration of President Joko Widodo to improve the convenience of doing business in Indonesia and increase funding, the government has issued Government Regulation Number 24 of 2018 concerning Online Business Licensing Services . Background Checks Under Indonesian Employment Law Employers in Indonesia regularly perform background checks on candidates.
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As younger individuals more and more embrace tattoos which operate as social statements and characterize thoughts and emotions, this brings about questio… Data protection impact evaluation required regardless of “Might of the StateR…Kenyan High Court Introduction On 14 October 2021, the Kenyan High Court declared the collection of biometric information 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 decision that captured the eye of the enterprise community in stipulating that the Indonesian language have to be used in commercial agreements with Indonesian companies and businesses. Regulation Curbs Power of Local Authorities in Indonesian Mining Sector The Indonesian government seems to be getting critical about stripping regents of the authority to issue mining licenses.
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 past five 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 lately floated in the media that the MEMR may quickly concern a regulation to kind out problematic IUPs.
- Employee Data Privacy in Indonesia The Indonesian Minister of Communication and Informatics relatively just lately issued MOCI Regulation No. 20 of 2016 regarding the Protection of Personal Data in Electronic Systems , which stipulates the protections afforded to private knowledge saved in an digital system.
- Indonesian Regulatory Framework for Insurance Businesses The primary laws for insurance and reinsurance businesses in Indonesia is the newly enacted Insurance Law, issued on 17th October 2014.
- 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 firms are one of many subjects being regulated and supervised by OJK.
- A Look at Indonesian Bankruptcy Law Law No. 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations sets forth the requirements for filing a bankruptcy petition.
- Data Categorization for Electronic System Operators Providing Public Services The MOCI has issued a draft amendment to Government Regulation No. 82 of 2012 which requires digital system operators offering public services to have onshore information centers and catastrophe restoration centers.
OJK Revokes Stimulus Package for Insurance Companies and Pension Funds On thirty first August 2015, the Financial Services Authority issued several circular letters as a stimulus coverage package to minimise the detrimental effects of unstable world financial conditions on the insurance and pension fund business sector. Restrictions on Contractors in the Indonesian Oil and Gas Sector There are a quantity of rules for Production Sharing Contract (“PSC”) Contractors in Indonesia’s oil and fuel sector, together with those on the export of manufacturing, forex exchange and the transfer or disposal of development rights. Government to Approve Corporate Actions in the Indonesian Energy Sector The Indonesian Minister of Energy and Mineral Resources (“MEMR”) has issued MEMR Regulation No. 42 of 2017 which aims to enhance the supervision of enterprise entities within the vitality and mineral assets sector partially by closing regulatory gaps.