In the absence of recordal, an IP license settlement is deemed to be not binding on any third celebration. New Ministry of Employment Regulation on Religious Festivity Allowance On 8th March 2016 the Minister of Employment issued Regulation No. 6 of 2016 on Religious Festivity Allowance for Employees in Companies. Indonesia’s Economic Stimulus Packages Between September 2015 and March 2016, the Indonesian central government launched eleven economic stimulus packages, which taken collectively are known as Jokowi’s Economic Package . The following is a abstract of the packages which were launched as of this text. What You Need to Know about Indonesia’s New Tax Amnesty Law The Indonesian Government recently issued the long-awaited and anticipated Tax Amnesty Law (Law No. 11 of 2016).
- Disputes related to actual estate are handled in an analogous manner as any other dispute in Indonesia.
- Indonesia’s Omnibus Law Puts Focus on Direct Use of Geothermal Resources The Indonesian Government enacted Law No. 11 of 2020 concerning Jobs Creation (the “Omnibus Law”) on November 2, 2020.
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Indonesian legal students typically refer to Article 28 of the 1945 Constitution as the idea for extra specific information privacy laws. New OJK Rule on Public Accountants and Public Accountant Offices The issuance of this new rule has an influence on the engagement of external auditors by publicly-listed companies given that public firms are one of the topics 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 non-public knowledge. Data Categorization for Electronic System Operators Providing Public Services The MOCI has issued a draft amendment to Government Regulation No. eighty two of 2012 which requires digital system operators offering public services to have onshore data centers and disaster restoration centers. Coal Prices for Domestic Power Producers in Indonesia With international coal costs rising, the government has by enacted MEMR Decree No. 1395 K/30/MEM/2018 to regulate the provision of coal for home power producers.
Regulatory Reporting Implications Of The Iso 20022 Migration
Government to Approve Corporate Actions within the Indonesian Energy Sector The Indonesian Minister of Energy and Mineral Resources (“MEMR”) has issued MEMR Regulation No. forty two of 2017 which aims to improve the supervision of enterprise entities within the power and mineral assets sector in part by closing regulatory gaps. Walmart has additionally now revamped its army go away policy, which as of January 1, 2022 guarantees full pay for employees who take as much as one month of army depart, and offers for partial wages for navy leaves taken of up to one year’s length. After reviewing these three comparability elements, the Court dismissed the pilots’ declare that the airline violated USERRA when it did not pay them wages during military depart.
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New Negative Investment List Introduces Changes to Health Investment in Indonesia The Indonesian Government has released the long-awaited New Negative Investment List, issued under Presidential Regulation No. 39 of 2014. Among the most important modifications from earlier rules is a rise in maximum overseas possession levels in a number of key industries, together with the well being sector. Discrimination Law and Equality in Indonesia Indonesia doesn’t have an overarching anti-discrimination legislation; rather, a patchwork of laws and sector-specific laws prohibit discrimination and encourage equality. Given the context of Indonesia’s positive aspects in its equality rankings, this update supplies an overview of the relevant legal guidelines. A Closer Look at Indonesia’s Condominium Law Indonesia enacted a brand new Condominium Law in 2011 which changed Law No. sixteen of 1985 but has not but been formally implemented.
Procedures for Land Freezes and Land Seizures in Indonesia Head of National Land Agency Regulation No.thirteen of 2017 covers the different land freeze and seizure procedures beforehand governed by a number of different rules. New Guidelines on the Advertising of Drugs The Food and Drugs Supervisory Agency has issued Decision No.eight setting out the rules on the promoting of prescription and non-prescription drugs. 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 laws on medical gadgets. Bank Indonesia Sets New Limits for the Provision of E-Money Bank Indonesia issued a regulation on e-money that stipulates a quantity of requirements and prohibitions that have been previously unregulated. Procurement Arrangements within the Indonesian Construction and Projects Sector Under Indonesian Law No. 2 of 2017 (the “Construction Law”), procurement arrangements in Indonesia are made by way of the execution of a construction work contract between the project owner/employer and the service provider/contractor. Indonesia’s OJK Issues Regulation on Quick Restructuring for Troubled Banks in Wake of COVID-19 The COVID-19 world pandemic has taken a toll on the Indonesian economy, underlining the need for monetary institutions to have enough liquidity within the face of uncertain instances.
Data Protection Rules and Principles in Indonesia Several obligations have to be fulfilled by digital system providers in Indonesia under MOCI Regulation No. 20 of 2016 to make sure that personal knowledge is processed properly. Expanded Coverage and New Feed-in Tariff for Indonesia’s Waste to Energy Projects The authorities recently issued Presidential Regulation No. 35 of 2018 on the acceleration of improvement of waste to energy tasks. The New Tax Holiday Regulation of Indonesia New Minister of Finance regulation provides extra enticing corporate revenue tax discount amenities for investors. NIK New Development The DGCE regulation requires a company to course of the IMTA and NPWP for foreign administrators not residing in Indonesia. Employee Data Privacy in Indonesia The Indonesian Minister of Communication and Informatics relatively lately issued MOCI Regulation No. 20 of 2016 regarding the Protection of Personal Data in Electronic Systems , which stipulates the protections afforded to non-public knowledge stored in an electronic system. Terminating an Employment Relationship in Indonesia Under Law No. 13 of 2003 concerning Labor (the “Labor Law”) and different prevailing labor legal guidelines and laws, employment-at-will and termination upon easy notice usually are not acknowledged in Indonesia.