Legal And Tax Updates
New OJK Rule on Public Accountants and Public Accountant Offices The issuance of this new rule has an impression on the engagement of external auditors by publicly-listed firms provided that public companies are one of many subjects 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 protection 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 providers to have onshore data centers and catastrophe 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 improvement of waste to energy projects. Franchise Agreements in Indonesia A franchise, under Indonesian regulations, is outlined as a particular proper owned by an individual or a legal entity to a singular enterprise system that has proven successful in promoting items and/or providers, and can be used by one other get together based on a Franchise Agreement. Employee Data Privacy in Indonesia The Indonesian Minister of Communication and Informatics comparatively lately issued MOCI Regulation No. 20 of 2016 regarding the Protection of Personal Data in Electronic Systems , which stipulates the protections afforded to personal information stored in an digital system.
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The Oaic Reiterates Significance Of Conducting Privateness Impact Assessments To Evaluate Risks With Distant Working During Covid
ESDM Regulation 42 and Oil and Gas Companies On 14th July 2017, the Minister of Energy and Mineral Resources revealed Regulation No. forty two of 2017 (Reg. 42). forty two apply to upstream and downstream oil and gas corporations, IUPTL holders and IPB holders. Indonesia Launches New Economic Policy Package On 31st August 2017, President Joko Widodo enacted the sixteenth financial coverage bundle, which goals to improve the convenience of doing enterprise in Indonesia by providing measures to accelerate issuance of enterprise licenses and permits at the central and regional levels. Data Protection in Indonesia’s Financial Services Sector Minister of Communication and Informatics Regulation No.20 of 2016 strengthens the obligations to protect the personal and financial information of customers by suppliers of electronic systems. New Regulation on Criteria and Drug Registration Procedure BPOM Regulation No. 24 of 2017 replaces earlier BPOM rules in setting out the most recent process 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 laws with ASEAN and world regulations on medical gadgets.
In the latest choice of Tamar Perry and anor v Jacques Henri Georges Esculier and anor and another 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 property … The Legal Profession Bill, which was introduced in Parliament on 1 Nov 2021, proposes to introduce a framework for conditional fee agreements (“CFAs”) to be entered into between lawyers and their purchasers in chosen proceedings. As digital property rise in prominence as a brand new asset class, it has turn into the target of several high-profile hacks. This update discusses the technical practicalities of retrieving stolen digital assets (excluding non-fungible tokens), and highlights … Director Lim Siau Wen was quoted in an Asia IP article that explored the intersection of IP and tattoos.
World Markets Newsletter
Compliance Road Map for Companies in Indonesia Compliance is a crucial issue for international funding companies doing business in Indonesia. As international organizations, foreign investment corporations aren’t only required to adjust to the legal guidelines and laws of the country of origin of their mother or father corporations but additionally with relevant laws and laws in Indonesia. Public Mergers and Acquisitions in Indonesia Despite the slowing economic system, M&A exercise picked up typically towards the top of 2014, though not specifically involving public corporations. This legal update supplies an summary of legal guidelines on public mergers and acquisitions in Indonesia, overlaying the primary means of obtaining control of a public company. Tax for E-Commerce Trade to be Set in April The authorities lately issued a suggestion to impose taxes on on-line transactions carried out via e-commerce platforms/businesses following the newly issued regulation on taxation for e-commerce trade. Thoughtful evaluation, and steerage that enables our shoppers to stay in touch with the latest developments in the legal trade.
- The Indonesian Government Resumes Discussions on Over-The-Top Regulation The 2017 Draft OTT Regulation intends to drive Over The Top software and content service providers to establish presence in Indonesia, to guard public interest and ensure certainty of shopper safety.
- Guide to Background Checks in Indonesia Employers in Indonesia regularly perform background checks on applicants.
- Our monthly Law Update publications cover a broad vary of subjects including breaking legal information, adjustments in legislation, and regulatory reforms.
- Ownership of Homes or Residences by Foreigners in Indonesia In looking for to handle previously ambiguous legislation, Indonesia’s government has introduced a brand new regulation which stipulates that foreigners who maintain a legal stay permit are allowed to own properties and house models in Indonesia.
- The SJR is a size-independent prestige indicator that ranks journals by their ‘average status per article’.
- Global legal enterprise DWF has reported a seven per cent enhance in gross income to reach £89 million within the six months ending 31 October 2021.
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