This multijurisdiction deal was a major overseas acquisition for an Indonesian shopper merchandise company in a 12 months that has been roiled by COVID-19. Register to access exclusive content material, sign up to obtain our updates and personalise your experience on brownejacobson.com. Our private strategy, technical experience, local knowledge and world community enable us to ship an expertise that different skilled service suppliers discover exhausting to match. Our persons are specialists of law; progressive thinkers, in tune with financial, political and market conditions, driven to help to provide the clear commercial recommendation you have to obtain business success. Please click on right here to read about how we process your knowledge in compliance with the General Data Protection Regulation . [newline]Journal Self-citation is defined because the variety of citation from a journal citing article to articles revealed by the identical journal. This indicator counts the number of citations acquired by paperwork from a journal and divides them by the whole number of documents printed in that journal.
Indonesia Extends Cabotage Exemption The Indonesian Shipping Law and its implementing laws comprise Indonesia’s cabotage rules, requiring that home sea transportation be carried out by an Indonesian delivery company using an Indonesian-flagged vessel and an Indonesian crew. Insurance Companies Must Follow Requirement on Ultimate Shareholders The Indonesian Insurance Law introduced a major change relating to the shareholding composition of insurance firms. The Insurance Law mandates that the local shareholders in an insurance coverage firm have to be finally owned by Indonesian individuals.
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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 in the insurance sector. “NO&T Thailand Legal Update” is written by Asian Thai qualified attorneys to offer updates on laws and legal practices specializing in Thailand, mainly for firms doing business or making investment in Thailand. The contents of Law Update are not supposed to be an alternative to particular legal advice on any particular person matters.
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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 however has not but been formally carried out. This legal update provides insights into the present regulatory setting and the challenges faced by developers and potential 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 amendment to Regulation No. 16 of 2015 on the Procedure for the Utilization of Foreign Manpower, and brings about adjustments covered 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 enterprise fields which are closed and business fields that are open with requirements 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 actual property funding funding within the form of Collective Investment Contracts.