Quarterly Legal Updates

Proposal to Revoke Five Business Permits in Indonesia On 16th March 2016, Indonesian President Joko Widodo announced a plan to simplify enterprise licensing in Indonesia by revoking five existing enterprise permits issued on the regional level. Regulatory Developments within the Indonesian Banking Industry The Financial Services Authority has had regulatory authority over Indonesian banks, besides Bank Indonesia (“BI”), since 31st December 2013, as stipulated underneath Law No. 21 of 2011 concerning the Financial Services Authority. BI is Indonesia’s central bank and maintains jurisdiction over the monetary provide. A Look at Indonesian Bankruptcy Law Law No. 37 of 2004 regarding Bankruptcy and Suspension of Debt Payment Obligations sets forth the requirements for filing a chapter petition. The important requirement is that there should be two or extra collectors and no less than one mature but unpaid debt for a bankruptcy action to be initiated in opposition to a debtor. Indonesia Introduces New Solar Power Regime In 2013, the Indonesian authorities first launched a solar power regulatory regime which required the government to publish solar power quota allocations for various components of Indonesia.

  • “NO&T Thailand Legal Update” is written by Asian Thai certified legal professionals to provide updates on legal guidelines and legal practices specializing in Thailand, mainly for firms doing business or making funding in Thailand.
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  • The Court stopped in need of determining what precisely constitutes a go away “comparable” to short-term army leave, which determination it left for the decrease courtroom to resolve on remand.
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Once the article is obtained, it is forwarded to our two reviewers after removing names of authors and their affiliations. Reviewers ship their comments in due course of time and these comments/ queries are forwarded to authors to make corrections or supply explanations. Once the reviewers are happy with corrections in manuscripts or explanations given by authors, authors are conveyed the choice of acceptance of article.

Legal Update Part 1

New Negative Investment List Introduces Changes to Health Investment in Indonesia The Indonesian Government has launched the long-awaited New Negative Investment List, issued underneath Presidential Regulation No. 39 of 2014. Among the major adjustments from previous regulations is an increase in maximum foreign ownership levels in a number of key industries, together with the well being sector. Discrimination Law and Equality in Indonesia Indonesia does not have an overarching anti-discrimination law; rather, a patchwork of laws and sector-specific rules prohibit discrimination and encourage equality. Given the context of Indonesia’s features in its equality rankings, this update supplies an overview of the relevant laws. A Closer Look at Indonesia’s Condominium Law Indonesia enacted a brand new Condominium Law in 2011 which replaced Law No. 16 of 1985 however has not yet been formally applied.

Legal Update

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 certain that private knowledge is processed correctly. Expanded Coverage and New Feed-in Tariff for Indonesia’s Waste to Energy Projects The government recently issued Presidential Regulation No. 35 of 2018 on the acceleration of development of waste to vitality initiatives. The New Tax Holiday Regulation of Indonesia New Minister of Finance regulation presents extra attractive corporate revenue tax discount amenities for traders. NIK New Development The DGCE regulation requires a company to process the IMTA and NPWP for international directors not residing in Indonesia. Employee Data Privacy in Indonesia The Indonesian Minister of Communication and Informatics comparatively lately issued MOCI Regulation No. 20 of 2016 relating to the Protection of Personal Data in Electronic Systems , which stipulates the protections afforded to private knowledge stored in an electronic system. Terminating an Employment Relationship in Indonesia Under Law No. 13 of 2003 concerning Labor (the “Labor Law”) and other prevailing labor legal guidelines and rules, employment-at-will and termination upon easy notice are not recognized in Indonesia.

Trendy Slavery Reporting Extensions And Covid

Tax for E-Commerce Trade to be Set in April The government just lately issued a suggestion to impose taxes on online transactions accomplished via e-commerce platforms/businesses following the newly issued regulation on taxation for e-commerce commerce. Life sciences weblog Latest legal updates and coverage choices affecting the sector. These paid military go away claims have additionally taken hold towards employers outdoors of the airline business. The lead plaintiff also asserted that Walmart both didn’t pay employees after they took four or extra days of military leave, or only paid them partial wages during their navy leave depending upon how much they had been being compensated by the navy. In response, Walmart settled the case for a payment of $10 million dollars, which was permitted by the District Court in October of final yr.