The Legal Update
Data Protection Rules and Principles in Indonesia Several obligations must be fulfilled by electronic system suppliers in Indonesia underneath MOCI Regulation No. 20 of 2016 to ensure that personal knowledge is processed properly. Indonesia Looks to Simplify Business Licensing With OSS System As part of the push by the administration of President Joko Widodo to improve the ease of doing business in Indonesia and enhance investment, the government has issued Government Regulation Number 24 of 2018 concerning Online Business Licensing Services . Background Checks Under Indonesian Employment Law Employers in Indonesia regularly carry out background checks on candidates.
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 previous government regulation within the insurance coverage sector. “NO&T Thailand Legal Update” is written by Asian Thai certified attorneys to supply updates on legal guidelines and legal practices specializing in Thailand, mainly for firms doing business or making funding in Thailand. The contents of Law Update are not meant to be an various to specific legal advice on any individual matters.
3 Worker Protection
SSEK discusses the revised Negative Investment List, the impact of the ASEAN Free Trade Area on Indonesia and Bilateral Investment Treaties. Establishing a Presence in Indonesia from Abroad The commonest option for an abroad company as a foreign investor to ascertain a presence in Indonesia is by establishing a restricted legal responsibility firm (Perseroan Terbatas ) with foreign possession . New Presidential Regulation to Accelerate 35GW Power Generation Programme Through the current issue of Presidential Regulation No. four of 2016 on Acceleration of Power Infrastructure Development, Indonesia seems set to handle the bottlenecks which were holding back the progress of energy technology projects. General Meeting of Shareholders in Indonesia Limited legal responsibility companies in Indonesia must hold an annual basic meeting of shareholders a minimal of six months after the top of their financial year.
The government took the primary steps on this course with Minister of Energy and Mineral Resources Regulation No. 27 of 2013. Government to Issue Regulation to Re-order or Revoke IUPs For the previous 5 years, the Ministry of Energy and Mineral Resources has sought to tidy up historic anomalies within the issuance of mining business permits . Against this background, it has been recently floated in the media that the MEMR could soon concern a regulation to type out problematic IUPs.
Amendments To Criminal Process Code Set To Facilitate Criminal Enforcement Of Industrial Property Rights
Indonesia Extends Cabotage Exemption The Indonesian Shipping Law and its implementing rules contain Indonesia’s cabotage guidelines, requiring that domestic sea transportation be carried out by an Indonesian transport firm utilizing an Indonesian-flagged vessel and an Indonesian crew. Insurance Companies Must Follow Requirement on Ultimate Shareholders The Indonesian Insurance Law launched a significant change relating to the shareholding composition of insurance coverage firms. The Insurance Law mandates that the local shareholders in an insurance coverage company should be finally owned by Indonesian individuals.
- New Negative Investment List Introduces Changes to Health Investment in Indonesia The Indonesian Government has launched the long-awaited New Negative Investment List, issued beneath Presidential Regulation No. 39 of 2014.
- SEMA No. 1 eliminates any possible future claims that overseas employees are permanent workers and thus enjoy statutory termination benefits beneath the Manpower Law.
- New Regulation Prohibits Manufacturers from Importing Industrial/Finished Goods As part of the federal government’s financial deregulation bundle issued on ninth September 2015, the Ministry of Trade has issued another new regulation on imports.
- General Meeting of Shareholders in Indonesia Limited liability corporations in Indonesia must hold an annual general meeting of shareholders no less than six months after the top of their financial 12 months.
OJK Revokes Stimulus Package for Insurance Companies and Pension Funds On thirty first August 2015, the Financial Services Authority issued a quantity of circular letters as a stimulus policy bundle to minimise the detrimental effects of unstable global monetary circumstances on the insurance and pension fund business sector. Restrictions on Contractors in the Indonesian Oil and Gas Sector There are numerous guidelines for Production Sharing Contract (“PSC”) Contractors in Indonesia’s oil and gas sector, including those on the export of manufacturing, currency trade and the transfer or disposal of development rights. Government to Approve Corporate Actions in the Indonesian Energy Sector The Indonesian Minister of Energy and Mineral Resources (“MEMR”) has issued MEMR Regulation No. forty two of 2017 which goals to improve the supervision of business entities within the energy and mineral assets sector partially by closing regulatory gaps.
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This multijurisdiction deal was a serious international acquisition for an Indonesian client merchandise firm in a 12 months that has been roiled by COVID-19. Register to access unique content, signal as a lot as receive our updates and personalise your expertise on brownejacobson.com. Our private strategy, technical experience, native information and world network enable us to ship an expertise that different professional service providers find hard to match. Our people are consultants of law; progressive thinkers, in tune with financial, political and market situations, pushed to help to provide the clear business advice you should obtain enterprise success. Please click on right here to read about how we course of your information in compliance with the General Data Protection Regulation . [newline]Journal Self-citation is outlined as the variety of quotation from a journal citing article to articles printed by the same journal. This indicator counts the variety of citations received by documents from a journal and divides them by the whole number of documents revealed in that journal.
A Closer Look at Indonesia’s Condominium Law Indonesia enacted a model new Condominium Law in 2011 which changed Law No. 16 of 1985 but has not but been formally applied. This legal update supplies insights into the present regulatory setting and the challenges confronted by builders and prospective householders 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 in 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 list of enterprise fields which are closed and business fields which would possibly be open with necessities 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 real estate funding funding in the type of Collective Investment Contracts.