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This multijurisdiction deal was a significant foreign acquisition for an Indonesian client merchandise firm in a 12 months that has been roiled by COVID-19. Register to access unique content, sign up to receive our updates and personalise your expertise on brownejacobson.com. Our personal method, technical experience, native knowledge and world network allow us to ship an experience that different skilled service suppliers discover exhausting to match. Our persons are consultants of regulation; progressive thinkers, in tune with economic, political and market conditions, driven to assist to offer the clear commercial recommendation you have to achieve business success. Please click on here to examine how we process your knowledge in compliance with the General Data Protection Regulation . [newline]Journal Self-citation is defined because the number of citation from a journal citing article to articles revealed by the same journal. This indicator counts the variety of citations obtained by paperwork from a journal and divides them by the whole number of paperwork revealed in that journal.
Anticipating The Emergence Of Digital Banks: Ojks Recent Related Regulations
ESDM Regulation forty two and Oil and Gas Companies On 14th July 2017, the Minister of Energy and Mineral Resources printed Regulation No. forty two of 2017 (Reg. 42). 42 apply to upstream and downstream oil and gas corporations, IUPTL holders and IPB holders. Indonesia Launches New Economic Policy Package On thirty first August 2017, President Joko Widodo enacted the sixteenth financial policy bundle, which goals to enhance the ease of doing business in Indonesia by providing measures to speed up issuance of enterprise licenses and permits on 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 protect the personal and financial data of customers by suppliers of electronic systems. New Regulation on Criteria and Drug Registration Procedure BPOM Regulation No. 24 of 2017 replaces earlier BPOM regulations 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. 62 of 2017 on Marketing Authorization for Medical Devices and Supplies to harmonize Indonesian rules with ASEAN and global regulations on medical gadgets.
- From adjustments in legislation and case legislation to regulatory reforms, at Ashurst we’re capable of help you on all legal developments.
- 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 rules with ASEAN and world rules on medical gadgets.
- New Government Regulation on Foreign Ownership within the Insurance Sector The government issued new Government Regulation No. 14 of 2018 on Foreign Ownership Limitation in Insurance which supersedes and replaces earlier government regulation within the insurance coverage sector.
- The OJK Issues New Circular Letter on Micro-insurance Products Circular Letter 9, while not within the form of an OJK regulation, now prescribes an in depth manner and strategy to the distribution and sale of micro-insurance merchandise.
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A Closer Look at Indonesia’s Condominium Law Indonesia enacted a new Condominium Law in 2011 which replaced Law No. 16 of 1985 but has not but been formally carried out. This legal update provides insights into the current regulatory environment and the challenges confronted 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 modification to Regulation No. 16 of 2015 on the Procedure for the Utilization of Foreign Manpower, and brings about modifications coated on this legal update. Foreign Investment Restrictions Restrictions on foreign shareholders in Indonesia are set out within the Negative Investment List contained in Presidential Regulation No. 39 of 2014 outlining the record of business fields which are closed and business fields which might be open with necessities 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 funding funding within the type of Collective Investment Contracts.
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 authorities regulation in the insurance coverage sector. “NO&T Thailand Legal Update” is written by Asian Thai qualified lawyers to offer updates on laws and legal practices specializing in Thailand, primarily for firms doing business or making funding in Thailand. The contents of Law Update are not intended to be a substitute for particular legal advice on any particular person matters.