Tag: complicated

Proposal to Revoke Five Business Permits in Indonesia On sixteenth March 2016, Indonesian President Joko Widodo announced a plan to simplify business licensing in Indonesia by revoking five present enterprise permits issued at the regional stage. Regulatory Developments in 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 beneath Law No. 21 of 2011 concerning the Financial Services Authority. BI is Indonesia’s central financial institution and maintains jurisdiction over the monetary provide. A Look at Indonesian Bankruptcy Law Law No. 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations units forth the requirements for submitting a bankruptcy petition. The essential requirement is that there have to be two or more collectors and a minimal of one mature but unpaid debt for a bankruptcy motion to be initiated in opposition to a debtor. …

As worldwide organizations, foreign funding companies usually are not solely required to comply with the legal guidelines and regulations of the nation of origin of their father or mother firms but in addition with related legal guidelines and laws in Indonesia. Our specialist employment lawyers talk about the latest legal developments and employment issues. The above circumstances are a part of a pattern of paid army leave claims that are being introduced in various federal courts across the nation. And in Barry Weaver v. Southwest Airlines, Co., earlier than the District of Massachusetts, a class of Southwest Airlines employees is claiming that the airline illegally denied employees on navy go away the same entry to COVID-related extended paid sick depart as these workers who weren’t on military depart. USERRA mandates that employers present the identical “rights and benefits” (i.e., phrases, conditions and privileges of employment) to staff on military leave …