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In the recent choice of Tamar Perry and anor v Jacques Henri Georges Esculier and anor and another matter SGCA 5, the Court of Appeal held that private claims (ie claims which do not give the plaintiff an possession claim to the assets … 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 attorneys and their shoppers in selected proceedings. As digital assets rise in prominence as a brand new asset class, it has turn out to be 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.
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ESDM Regulation 42 and Oil and Gas Companies On 14th July 2017, the Minister of Energy and Mineral Resources printed Regulation No. 42 of 2017 (Reg. 42). forty two apply to upstream and downstream oil and gas companies, IUPTL holders and IPB holders. Indonesia Launches New Economic Policy Package On thirty first August 2017, President Joko Widodo enacted the 16th economic policy bundle, which goals to improve the ease of doing enterprise in Indonesia by offering measures to accelerate 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 non-public and monetary data of customers by suppliers of electronic techniques. New Regulation on Criteria and Drug Registration Procedure BPOM Regulation No. 24 of 2017 replaces earlier BPOM regulations in setting out the latest 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 regulations with ASEAN and global rules on medical units.
New OJK Rule on Public Accountants and Public Accountant Offices The issuance of this new rule has an impression on the engagement of exterior auditors by publicly-listed corporations provided that public corporations 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 private knowledge. Data Categorization for Electronic System Operators Providing Public Services The MOCI has issued a draft modification to Government Regulation No. 82 of 2012 which requires digital system operators providing public providers to have onshore data facilities and catastrophe restoration facilities. Expanded Coverage and New Feed-in Tariff for Indonesia’s Waste to Energy Projects The government recently issued Presidential Regulation No. 35 of 2018 on the acceleration of growth of waste to energy tasks. Franchise Agreements in Indonesia A franchise, underneath Indonesian regulations, is defined as a special right owned by a person or a legal entity to a unique business system that has proven successful in selling goods and/or services, and can be used by one other party based mostly on a Franchise Agreement. Employee Data Privacy in Indonesia The Indonesian Minister of Communication and Informatics comparatively just lately issued MOCI Regulation No. 20 of 2016 relating to the Protection of Personal Data in Electronic Systems , which stipulates the protections afforded to private data stored in an electronic system.
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NIK New Development The DGCE regulation requires a company to course of the IMTA and NPWP for foreign administrators not residing in Indonesia. Terminating an Employment Relationship in Indonesia Under Law No. thirteen of 2003 relating to Labor (the “Labor Law”) and other prevailing labor laws and laws, employment-at-will and termination upon easy notice are not acknowledged in Indonesia. BKPM Stops Issuing Licenses On twenty first June, the federal government issued Regulation No. 24 of 2018 on Electronic Integrated Business Licensing Services.
- 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 information.
- This legal update provides an overview of laws on public mergers and acquisitions in Indonesia, masking the primary means of acquiring management of a public company.
- Regulation eight was issued to assist the tax amnesty programmes initiated by the Indonesian authorities.
- New Ministry of Employment Regulation on Religious Festivity Allowance On eighth March 2016 the Minister of Employment issued Regulation No. 6 of 2016 on Religious Festivity Allowance for Employees in Companies.
- If native government advice in relation to the pandemic allows for group gatherings at the time of the occasion.
- Companies in search of to acquire Indonesian nationality for his or her vessels must adjust to Indonesian legal guidelines and regulations related to the ownership and operation of the vessel.
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This multijurisdiction deal was a serious international acquisition for an Indonesian consumer products company in a year that has been roiled by COVID-19. Register to entry unique content material, signal as a lot as receive our updates and personalise your experience on brownejacobson.com. Our private method, technical experience, local information and international network enable us to ship an experience that other professional service providers find hard to match. Our people are experts of legislation; progressive thinkers, in tune with financial, political and market situations, driven to help to supply the clear business recommendation you need to achieve business success. Please click here to read about how we process your data in compliance with the General Data Protection Regulation . [newline]Journal Self-citation is defined because the variety of quotation from a journal citing article to articles printed by the identical journal. This indicator counts the number of citations acquired by paperwork from a journal and divides them by the whole number of documents printed in that journal.
New Government Regulation on Foreign Ownership in the Insurance Sector The government issued new Government Regulation No. 14 of 2018 on Foreign Ownership Limitation in Insurance which supersedes and replaces previous authorities regulation in the insurance coverage sector. “NO&T Thailand Legal Update” is written by Asian Thai certified attorneys to provide updates on laws and legal practices focusing on Thailand, primarily for corporations doing business or making funding in Thailand. The contents of Law Update aren’t intended to be a substitute for specific legal advice on any individual matters.
A Closer Look at Indonesia’s Condominium Law Indonesia enacted a brand new Condominium Law in 2011 which replaced Law No. sixteen of 1985 however has not but been formally implemented. This legal update provides insights into the present regulatory setting and the challenges faced by builders and prospective homeowners 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 amendment to Regulation No. sixteen of 2015 on the Procedure for the Utilization of Foreign Manpower, and brings about modifications lined in 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 list of business fields which would possibly be closed and business fields which are open with requirements for investment. Indonesian Regulatory Framework for Real Estate Investment Funds In late 2015, the Indonesian Minister of Finance issued a regulation to encourage the growth of actual estate funding funding in the type of Collective Investment Contracts.
Compliance Road Map for Companies in Indonesia Compliance is an important concern for foreign investment corporations doing enterprise in Indonesia. As worldwide organizations, international funding corporations aren’t solely required to adjust to the laws and laws of the country of origin of their father or mother companies but in addition with relevant legal guidelines and laws in Indonesia. Public Mergers and Acquisitions in Indonesia Despite the slowing economic system, M&A exercise picked up generally in path of the top of 2014, although not specifically involving public companies. This legal update supplies an outline of laws on public mergers and acquisitions in Indonesia, covering the primary technique of obtaining control of a public company. Tax for E-Commerce Trade to be Set in April The authorities just lately issued a suggestion to impose taxes on online transactions carried out via e-commerce platforms/businesses following the newly issued regulation on taxation for e-commerce commerce. Thoughtful analysis, and steerage that enables our shoppers to remain in touch with the most recent developments in the legal trade.