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 previous authorities regulation in the insurance coverage sector. “NO&T Thailand Legal Update” is written by Asian Thai certified lawyers to provide updates on legal guidelines and legal practices focusing on Thailand, mainly for corporations doing enterprise or making investment in Thailand. The contents of Law Update are not intended to be an alternative to particular legal recommendation on any individual issues.
ESDM Regulation forty two 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). 42 apply to upstream and downstream oil and fuel firms, IUPTL holders and IPB holders. Indonesia Launches New Economic Policy Package On thirty first August 2017, President Joko Widodo enacted the sixteenth economic coverage package, which aims to improve the benefit of doing enterprise in Indonesia by offering 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 information of shoppers by suppliers of digital systems. New Regulation on Criteria and Drug Registration Procedure BPOM Regulation No. 24 of 2017 replaces previous BPOM regulations 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. 62 of 2017 on Marketing Authorization for Medical Devices and Supplies to harmonize Indonesian regulations with ASEAN and international rules on medical units.
Tommy Hilfiger Overcomes Cnipas Refusal Of Stripe Mark By Exhibiting That It Had Obtained Foreign Governments Consent
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 companies provided that public firms are one of the 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 personal information. 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 services to have onshore information centers and disaster recovery 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 development of waste to vitality tasks. Franchise Agreements in Indonesia A franchise, underneath Indonesian laws, is outlined as a special proper owned by an individual or a legal entity to a novel enterprise system that has proven successful in promoting goods and/or services, and can be utilized by one other get together 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 regarding the Protection of Personal Data in Electronic Systems , which stipulates the protections afforded to personal data saved in an electronic system.
In the current decision of Tamar Perry and anor v Jacques Henri Georges Esculier and anor and one other 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 launched in Parliament on 1 Nov 2021, proposes to introduce a framework for conditional charge agreements (“CFAs”) to be entered into between attorneys and their purchasers in chosen proceedings. As digital assets rise in prominence as a brand new asset class, it has become the goal of several high-profile hacks. This update discusses the technical practicalities of retrieving stolen digital belongings (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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A Closer Look at Indonesia’s Condominium Law Indonesia enacted a model new Condominium Law in 2011 which changed Law No. 16 of 1985 however has not yet been formally implemented. This legal update supplies insights into the current regulatory setting and the challenges faced by builders and potential owners 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. sixteen of 2015 on the Procedure for the Utilization of Foreign Manpower, and brings about changes lined 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 listing of enterprise fields that are closed and business fields that are 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 expansion of actual estate funding funding within the form of Collective Investment Contracts.
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- 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 changes coated in this legal update.
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- NIK New Development The DGCE regulation requires a company to course of the IMTA and NPWP for international directors not residing in Indonesia.
- This multijurisdiction deal was a significant overseas acquisition for an Indonesian shopper merchandise firm in a year that has been roiled by COVID-19.
- Data Protection Rules and Principles in Indonesia Several obligations should be fulfilled by electronic system providers in Indonesia under MOCI Regulation No. 20 of 2016 to make certain that private knowledge is processed properly.