New Regulation Allows Appointment of ROEs for Construction Projects The Indonesian authorities just lately issued Government Regulation No. 54 of 2016 relating to the Third Amendment to Government Regulation No. 29 of 2000. The newly-issued Third Amendment introduces a provision that permits Regional-Owned Enterprises the same treatment as State-Owned Enterprises. BKPM Supports Indonesian Tax Amnesty Programs by Issuing a Facilitating Regulation On twenty eighth October 2016, the Head of the Capital Investment Coordinating Board issued Regulation No. 8 of 2016 (“Regulation 8”), which instantly went into impact. Regulation 8 was issued to assist the tax amnesty programmes initiated by the Indonesian authorities. New Online Registration System Transforms Franchise Application Process The Ministry of Trade (“MOT”) has launched a new platform for the registration of a quantity of licenses including the franchise registration certificate. Development of Oil and Natural Gas in Indonesia Indonesia’s oil and gas 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 entire utility is obtained. Taking the Temperature of Indonesia’s Geothermal Regulatory Climate Indonesia’s geothermal resources are among the many largest on the planet, with round forty p.c of the worldwide geothermal assets, and the government has intensified its efforts to encourage geothermal power growth. In Indonesia, New Licensing Rules for Imports and Exports The Government of Indonesia has lately issued a package of economic policies designed to remove irrelevant necessities and to decontrol and spur the expansion of the Indonesian financial system.
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 economy, underlining the necessity for financial institutions to have adequate liquidity in the face of uncertain times. New Developments in Indonesian Immigration Policy On September eleven, 2020, the Indonesian Government enacted a brand new regulation that introduces a number of changes to the immigration regime that affect foreigners, Indonesians and the procurement of travel paperwork. SHRM’s weekly Workplace Compliance e-newsletter offers summaries of legal choices, legislative news and regulatory news, as properly as evaluation of what they mean on your group. Sign-up to observe topics, sectors, folks and still have the choice to obtain a weekly update of lastest information throughout your areas of interest. Global legal enterprise DWF has reported a seven per cent improve in gross earnings to reach £89 million in the six months ending 31 October 2021.
Covid19 And H&s
However, the Indonesian Supreme Court struck down this 2013 framework as being inconsistent. Key Features of the Draft New Law on the Supervision of Food and Drugs The Indonesian authorities is currently discussing the Draft Law on Food and Drugs Supervision, which incorporates a whole of one hundred and five Articles setting out a complete arrangement of provisions associated to the supervision of meals and drugs. Launching of Electronic-Based Intellectual Property Services in Indonesia The Ministry of Law and Human Rights officially launched electronic- based intellectual property services on 29th December 2016. The electronic submitting system permits IP consultants to file applications at any time on-line with out being constrained by the limited opening hours of the Intellectual Property Office. Guide to Benefits in Indonesia In 2011, the Indonesian authorities reformed its National Social Security System and handed Law No. 24 on the Social Security Organising Body to help meet the essential needs of the country’s inhabitants. Companies in Indonesia are required to register employees in the Indonesian government’s employment social safety programmes.
- Given the context of Indonesia’s features in its equality rankings, this update offers an overview of the related legal guidelines.
- 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 clients in chosen proceedings.
- Access fastidiously selected content, including online seminars, members-only newsletters, and previous seminar supplies that cover quite so much of in-depth topics.
- The regulation replaces MEMR regulation No. 27 of 2013 to the extent of the divestment provisions.
- BKPM Stops Issuing Licenses On 21st June, the government issued Regulation No. 24 of 2018 on Electronic Integrated Business Licensing Services.
Not every article in a journal is considered primary research and subsequently “citable”, this chart reveals the ratio of a journal’s articles including substantial analysis in three 12 months windows vs. these documents aside from research articles, critiques 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 objective of this Prakas is to set the principles relating to the institution and administration of those two teams (the necessary and… Defamation under Indonesian Law Defamation under Indonesian legislation includes the issuance of a defamatory statement that causes an individual to suffer hurt. Chapter XVI of the Indonesian Criminal Code governs both slander and libel in offering details on six various varieties of defamation, as is defined on this legal update. Registration of Vessels in Indonesia Any vessel of at least 7 gross tonnes may be registered beneath the Indonesian flag including offshore drilling rigs and cell offshore drilling units.
Legal Update 2019 Vol Four
The important requirement is that there have to be two or more creditors and at least one mature but unpaid debt for a chapter action to be initiated towards a debtor. BPOM Simplifies Drug Registration Process On 4th August 2016, the Food and Drug Supervisory Agency enacted a brand new regulation which adjustments the registration course of of drugs. The modifications are reflected in Head of BPOM Regulation No. 17 of 2016 on the Second Amendment of Head of BPOM Regulation No. 3 of 2011. The Halal Product Assurance Law needs round 20 implementing regulations which must be issued inside two years after 17th October 2014. The Halal certification obligation underneath the Halal Product Assurance Law will become mandatory 5 years after 17th October 2014.
We bring collectively lawyers of the best calibre; progressive thinkers pushed by the desire to help our shoppers obtain enterprise success. We symbolize and assist our members, selling the very best professional standards and the rule of regulation. Evolution of the number of complete quotation per document and external quotation per document (i.e. journal self-citations removed) obtained by a journal’s published documents through the three previous years. External citations are calculated by subtracting the number of self-citations from the whole variety of citations acquired by the journal’s paperwork.
The oil and gas 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, whereas not within 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 within the number 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 material service suppliers to ascertain presence in Indonesia, to guard public curiosity and guarantee certainty of client safety.
This is an open access journal which implies that all content is freely obtainable with out charge to the person or his/her establishment. Users are allowed to read, download, copy, distribute, print, search, or link to the complete texts of the articles, or use them for some other lawful function, with out asking prior permission from the writer or the writer. Government Changes Divestment Requirements for Mining Companies in Indonesia Indonesia’s mining business remains in flux. On 14th October 2014, the Indonesian Government issued the third modification to Government Regulation No. 23 of 2010 regarding the Implementation of Mineral and Coal Mining Business Activities and in doing so launched revised divestment requirements. Mandatory Use of Rupiah in Indonesia Indonesia’s central financial institution, Bank Indonesia, just lately issued BI Regulation No. 17/3/PBI/2015 relating to the Mandatory Use of the Rupiah inside the Republic of Indonesia, which restricts using international foreign money in home transactions carried out inside Indonesian territory. New Regulation Prohibits Manufacturers from Importing Industrial/Finished Goods As a half of the government’s financial deregulation bundle issued on ninth September 2015, the Ministry of Trade has issued another new regulation on imports.