The important requirement is that there have to be two or extra collectors and a minimum of one mature however unpaid debt for a bankruptcy motion to be initiated in opposition to a debtor. BPOM Simplifies Drug Registration Process On 4th August 2016, the Food and Drug Supervisory Agency enacted a new regulation which modifications the registration course of of medication. The changes are reflected in Head of BPOM Regulation No. 17 of 2016 on the Second Amendment of Head of BPOM Regulation No. three of 2011. The Halal Product Assurance Law wants around 20 implementing regulations which should be issued within two years after seventeenth October 2014. The Halal certification obligation under the Halal Product Assurance Law will become mandatory 5 years after seventeenth October 2014.
- New Regulation on Divestment Minister of Energy and Mineral Resources (“MEMR”) Regulation No. 9 of 2017 additional regulates the divestment process for the downstream mining trade specifically to the price at which the government will pick up shares.
- Deacons operates from Hong Kong headquarters and three representative offices in Mainland China.
- Indonesia’s Omnibus Law Puts Focus on Direct Use of Geothermal Resources The Indonesian Government enacted Law No. 11 of 2020 regarding Jobs Creation (the “Omnibus Law”) on November 2, 2020.
- Establishing a Presence in Indonesia from Abroad The most typical choice for an abroad company as a international investor to determine a presence in Indonesia is by establishing a limited liability firm (Perseroan Terbatas ) with overseas possession .
- The regulation provides new measures to the present private knowledge safety provisions in Indonesia.
Indonesia’s OJK Issues Regulation on Quick Restructuring for Troubled Banks in Wake of COVID-19 The COVID-19 global pandemic has taken a toll on the Indonesian financial system, underlining the need for financial establishments to have enough liquidity in the face of uncertain occasions. New Developments in Indonesian Immigration Policy On September eleven, 2020, the Indonesian Government enacted a brand new regulation that introduces a quantity of modifications to the immigration regime that have an effect on foreigners, Indonesians and the procurement of journey documents. SHRM’s weekly Workplace Compliance e-newsletter provides summaries of legal decisions, legislative news and regulatory news, as properly as evaluation of what they imply for your group. Sign-up to comply with topics, sectors, people and additionally have the choice to obtain a weekly update of lastest information throughout your areas of curiosity. Global legal enterprise DWF has reported a seven per cent increase in gross profits to succeed in £89 million in the six months ending 31 October 2021.
Accc Continues To Analyze Qantass Stake In Alliance Airlines Amidst Upheaval Of Covid
The oil and gasoline sector includes of upstream and downstream actions, that are separately regulated and organised. The OJK Issues New Circular Letter on Micro-insurance Products Circular Letter 9, while not in the type of an OJK regulation, now prescribes an in depth manner and method to the distribution and sale of micro-insurance products. Anti-Corruption Developments in Indonesia Indonesia has seen an increase in the variety of circumstances processed by the KPK and have had three new anti-corruption laws enacted since 2016. The Indonesian Government Resumes Discussions on Over-The-Top Regulation The 2017 Draft OTT Regulation intends to drive Over The Top application and content service providers to establish presence in Indonesia, to protect public curiosity and guarantee certainty of consumer protection.
What You Need to Know about Indonesia’s New Tax Amnesty Law The Indonesian Government lately issued the long-awaited and anticipated Tax Amnesty Law (Law No. eleven of 2016). The Tax Amnesty Law eliminates the principal tax debt and administrative sanctions as properly as offering no-examination of tax crimes. New Regulation on Purchase of Electric Power from Biomass and Biogas Power Plants On 4th August 2016, Ministry of Energy and Mineral Resources Regulation No. 21 of 2016 on the Purchase of Electric Power from Biomass and Biogas Power Plants was enacted. Business entities meaning to develop and operate biomass and biogas power crops must first safe a stipulation because the developer of a biomass and biogas energy plant. A Look at New Requirements for Pharmaceutical/Healthcare Companies on Sponsorship On 8th November 2016, the Minister of Health issued Regulation No. fifty eight of 2016 on Sponsorship for Healthcare Professionals (“Regulation fifty eight”), which took impact on twenty ninth November 2016.
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This is an open entry journal which implies that all content material is freely obtainable with out charge to the user or his/her establishment. Users are allowed to read, download, copy, distribute, print, search, or link to the total texts of the articles, or use them for some other lawful function, without asking prior permission from the writer or the creator. Government Changes Divestment Requirements for Mining Companies in Indonesia Indonesia’s mining trade stays in flux. On 14th October 2014, the Indonesian Government issued the third modification to Government Regulation No. 23 of 2010 concerning the Implementation of Mineral and Coal Mining Business Activities and in doing so introduced revised divestment necessities. Mandatory Use of Rupiah in Indonesia Indonesia’s central bank, Bank Indonesia, lately issued BI Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of the Rupiah within the Republic of Indonesia, which restricts the use of overseas forex in domestic transactions performed inside Indonesian territory. New Regulation Prohibits Manufacturers from Importing Industrial/Finished Goods As a part of the government’s economic deregulation bundle issued on 9th September 2015, the Ministry of Trade has issued one other new regulation on imports.
New Regulation Allows Appointment of ROEs for Construction Projects The Indonesian authorities just lately issued Government Regulation No. fifty four of 2016 concerning the Third Amendment to Government Regulation No. 29 of 2000. The newly-issued Third Amendment introduces a provision that allows Regional-Owned Enterprises the same remedy as State-Owned Enterprises. BKPM Supports Indonesian Tax Amnesty Programs by Issuing a Facilitating Regulation On 28th October 2016, the Head of the Capital Investment Coordinating Board issued Regulation No. 8 of 2016 (“Regulation 8”), which instantly went into effect. Regulation 8 was issued to help the tax amnesty programmes initiated by the Indonesian government. New Online Registration System Transforms Franchise Application Process The Ministry of Trade (“MOT”) has introduced a model new platform for the registration of numerous licenses together with the franchise registration certificates. Development of Oil and Natural Gas in Indonesia Indonesia’s oil and gasoline sector is ruled by Law No. 22 of 2001 concerning Oil and Gas.
The OJK should approve or reject the license software no later than 30 days after the whole software is acquired. Taking the Temperature of Indonesia’s Geothermal Regulatory Climate Indonesia’s geothermal assets are among the many largest on the planet, with round 40 percent of the worldwide geothermal assets, and the federal government has intensified its efforts to encourage geothermal power development. In Indonesia, New Licensing Rules for Imports and Exports The Government of Indonesia has recently issued a package deal of financial policies designed to remove irrelevant requirements and to decontrol and spur the growth of the Indonesian economy.
Not every article in a journal is considered primary analysis and therefore “citable”, this chart exhibits the ratio of a journal’s articles together with substantial research in three 12 months windows vs. those paperwork aside from research articles, reviews and convention papers. The Ministry of Interior issued a new Prakas No. 2644 PK dated 19 October 2021 on the Establishment and Management of Mandatory and Voluntary Taskforces for Fire Prevention and Firefighting (“Prakas 2644”). The purpose of this Prakas is to set the foundations relating to the establishment and administration of these two groups (the obligatory and… Defamation underneath Indonesian Law Defamation beneath Indonesian law entails the issuance of a defamatory assertion that causes a person to endure hurt. Chapter XVI of the Indonesian Criminal Code governs both slander and libel in providing particulars on six different types of defamation, as is defined on this legal update. Registration of Vessels in Indonesia Any vessel of a minimum of 7 gross tonnes may be registered under the Indonesian flag together with offshore drilling rigs and mobile offshore drilling units.
We bring together lawyers of the very best calibre; progressive thinkers driven by the will to assist our purchasers obtain enterprise success. We characterize and assist our members, promoting the very best skilled standards and the rule of regulation. Evolution of the variety of whole quotation per doc and external citation per doc (i.e. journal self-citations removed) acquired by a journal’s printed paperwork through the three earlier years. External citations are calculated by subtracting the variety of self-citations from the total number of citations obtained by the journal’s paperwork.