Legislative Update > House

This transfer has resulted within the elimination of a number of examination and licensing procedures. Franchise Law in Indonesia When the federal government launched numerous current financial policy packages in an effort to stimulate the economic system, none of the policy packages focused on the franchising sector. Key Features of the Draft New Law on the Supervision of Food and Drugs The Indonesian authorities is at present discussing the Draft Law on Food and Drugs Supervision, which incorporates a complete of a hundred and five Articles setting out a comprehensive arrangement of provisions related to the supervision of food and medicines.

Legal Update

This legal update supplies insights into the current regulatory environment and the challenges faced by developers and prospective householders amid continued uncertainty. OJK Raises Corporate Governance Standards Imposed on Public Companies The Indonesian Financial Services Authority enacted a rule on the implementation of public companies’ company governance guidelines which set a new standard of company governance practice for public corporations. OJK Revokes Stimulus Package for Insurance Companies and Pension Funds On thirty first August 2015, the Financial Services Authority issued a number of circular letters as a stimulus policy package to minimise the detrimental results of unstable world financial situations on the insurance and pension fund business sector. Indonesia’s FinTech Office and New FinTech Regulation Bank Indonesia recently launched a FinTech Office on 14th November 2016. The office is expected to spice up the expansion of the Indonesian FinTech business, optimise expertise developments within the sector, enhance the industry’s competitiveness and supply feedback from enterprise players.

Business Interruption Circumstances And The Monetary Ombudsman Service

However, the Indonesian Supreme Court struck down this 2013 framework as being inconsistent. BPOM Simplifies Drug Registration Process On 4th August 2016, the Food and Drug Supervisory Agency enacted a brand new regulation which modifications the registration course of of medication. The changes are reflected in Head of BPOM Regulation No. 17 of 2016 on the Second Amendment of Head of BPOM Regulation No. three of 2011. The Halal Product Assurance Law needs around 20 implementing laws which should be issued within two years after seventeenth October 2014. The Halal certification obligation beneath the Halal Product Assurance Law will become obligatory 5 years after 17th October 2014.

  • This month’s update identifies current court docket selections illustrating the evolving COVID-19 points and answers under various legal bases, including but extending past IDEA and § 504.
  • On 28 September 2021, the bill to enhance gender diversity on corporate boards was…
  • This is, in fact, why the present requirements require that we show, once we apply for re-accreditation, that we now have updated ourselves on latest legal developments.
  • Defamation under Indonesian Law Defamation underneath Indonesian legislation entails the issuance of a defamatory statement that causes a person to endure harm.
  • Our barristers offer a depth of expertise in a variety of specialist sectors and apply areas.

If author/s refuses to make corrections as advised by reviewers, manuscript is rejected for publication. This website supplies updates for enacted legislation, inlcuding a summary and implementation influence, for each invoice of interest to the court group passed in the present session of the legislature. Defamation underneath Indonesian Law Defamation underneath Indonesian law entails the issuance of a defamatory assertion that causes a person to undergo harm. Chapter XVI of the Indonesian Criminal Code governs each slander and libel in providing details on six several sorts of defamation, as is explained in this legal update. Registration of Vessels in Indonesia Any vessel of no less than 7 gross tonnes may be registered underneath the Indonesian flag together with offshore drilling rigs and cell offshore drilling items.

Important Supreme Court Docket Judgments Of 2021

Like the Seventh Circuit did in White, the Third Circuit in Travers declined to deal with the issue of whether or not military go away was in reality “comparable” to any paid leave FedEx offers in different circumstances, however left that question for the District Court to determine on remand. In August of final 12 months, the Third Circuit turned the second federal appellate court to handle the difficulty of paid military depart. In Travers v. FedEx Corporation, it rendered a ruling quite just like that of the Seventh Circuit in White. N°6624 of four October 2013 on the reform of the businesses and associations’ legal publication rules, Bill N°6624 of four October 2013 on the lock-up mechanism of bearer shares and models and essential case law on Article a hundred of the Companies Law.