The Insurance Law mandates that the native shareholders in an insurance coverage firm have to be finally owned by Indonesian people. ESDM Regulation 42 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). forty two apply to upstream and downstream oil and gas corporations, IUPTL holders and IPB holders. Indonesia Launches New Economic Policy Package On 31st August 2017, President Joko Widodo enacted the 16th financial coverage package, which aims to improve the convenience of doing business in Indonesia by providing measures to accelerate issuance of enterprise licenses and permits at the central and regional levels. The Indonesian Government Resumes Discussions on Over-The-Top Regulation The 2017 Draft OTT Regulation intends to drive Over The Top utility and content service providers to determine presence in Indonesia, to guard public curiosity and ensure certainty of shopper safety. New Regulation on Criteria and Drug Registration Procedure BPOM Regulation No. 24 of 2017 replaces previous BPOM regulations in setting out the newest procedure for drug registration.
- New Regulation on Divestment Minister of Energy and Mineral Resources (“MEMR”) Regulation No. 9 of 2017 additional regulates the divestment process for the downstream mining business particularly to the worth at which the government will pick up shares.
- This new regulation removes the supply which allowed holders of Producer Importer Identification Numbers to import sure industrial/finished items.
- Indonesia Introduces New Solar Power Regime In 2013, the Indonesian authorities first launched a solar energy regulatory regime which required the federal government to publish solar power quota allocations for numerous parts of Indonesia.
- Chapter XVI of the Indonesian Criminal Code governs each slander and libel in offering particulars on six various sorts of defamation, as is defined in this legal update.
- A New Regulation on Intellectual Property License Agreement Recordal The prevailing intellectual property laws in Indonesia stipulate that it’s necessary to document an IP license settlement with the Directorate General of IP.
In its decision, the Seventh Circuit held that if an employer supplies pay throughout different “comparable” worker absences, it should also provide pay throughout a army go away. Indonesian Financial Services Authority in Review This legal update appears at a variety of the regulatory adjustments which have been launched since the Financial Services Authority took over supervision of the capital markets, non-bank monetary establishments and banking sectors previous to 2014. New Implementing Regulation on Personal Data Protection The Minister of Communication and Informatics has issued Regulation No. 20 of 2016 on Personal Data Protection in Electronic Systems which turned efficient on 1st December 2016. The regulation provides new measures to the current private information safety provisions in Indonesia. New Government Regulation on Foreign Ownership in the Insurance Sector The authorities issued new Government Regulation No. 14 of 2018 on Foreign Ownership Limitation in Insurance which supersedes and replaces earlier government regulation in the insurance sector. Protection of Privacy in Indonesia Article 28 is taken into account the basis for more particular knowledge privateness laws.
‘public Authority’ & ‘public Data Officer’ Beneath Rti Act, 2005: Jharkhand High Court Explains Distinction
The digital submitting system allows IP consultants to file applications at any time online without being constrained by the restricted opening hours of the Intellectual Property Office. Indonesia Extends Cabotage Exemption The Indonesian Shipping Law and its implementing laws include Indonesia’s cabotage rules, requiring that domestic sea transportation be carried out by an Indonesian shipping firm using an Indonesian-flagged vessel and an Indonesian crew. Insurance Companies Must Follow Requirement on Ultimate Shareholders The Indonesian Insurance Law introduced a significant change relating to the shareholding composition of insurance firms.
Indonesia’s PLN Invites Hydropower Developers to Prequalify Indonesia’s state-owned power utility PLN, has issued an invitation to hydropower builders to submit purposes to be included on the List of Selected Providers for Indonesian hydropower initiatives with a capacity of above 10MW. New Regulation in Managing Oil and Gas Working Areas with Expiring PSCs The government has issued MEMR Regulation No. 23 of 2018, which states that a PSC Contractor doesn’t routinely have the right to a PSC extension. Indonesian Shipping Law – Marine Casualty In the event of a ship collision, grounding or different main casualty, there are a variety of key provisions in Indonesia that can influence upon the liability and response of interested parties. Royalties have been regarded as prices to be added to customs worth – so long as the royalties meet all the situations set out in Law No. 10 of 1995 as amended by Law No. 17 of 2006 on Customs (“Customs Law”) and its implementing regulation. Facilitating Payments in Indonesia Facilitating funds aren’t acknowledged beneath Indonesian legislation.
Twitter – Exciting Disruptors Our actual estate lawyers identifying new developments in the business. Mills & Reeve major site Details our providers, sector expertise, legal professionals and firm data. Keep up to date with all the newest Mills & Reeve legal insights, news publications and events. In particular, we might be looking at two instances the place an worker gave a false reference as nicely as an employer giving an unfavourable reference to his former colleague. We may even look at knowledge protection and the way the new GDPR regulation may have an effect on employment references.