This legal update offers insights into the present regulatory environment and the challenges faced by builders and potential 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 corporations’ company governance pointers which set a new commonplace of corporate governance practice for public firms. OJK Revokes Stimulus Package for Insurance Companies and Pension Funds On 31st August 2015, the Financial Services Authority issued several circular letters as a stimulus policy package to minimise the detrimental effects of unstable international financial conditions on the insurance and pension fund enterprise sector. Indonesia’s FinTech Office and New FinTech Regulation Bank Indonesia just lately launched a FinTech Office on 14th November 2016. The office is anticipated to boost the growth of the Indonesian FinTech industry, optimise know-how developments within the sector, improve the trade’s competitiveness and provide suggestions …
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.
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 …
The digital submitting system permits IP consultants to file functions at any time on-line with out being constrained by the limited opening hours of the Intellectual Property Office. Indonesia Extends Cabotage Exemption The Indonesian Shipping Law and its implementing regulations include Indonesia’s cabotage guidelines, requiring that domestic sea transportation be carried out by an Indonesian delivery company utilizing an Indonesian-flagged vessel and an Indonesian crew. Insurance Companies Must Follow Requirement on Ultimate Shareholders The Indonesian Insurance Law introduced a big change concerning the shareholding composition of insurance coverage companies.
A digital library of frequently posted insights and legal updates based mostly on your selected preferences. Find the latest adjustments in the legal landscape that potentially have an result on your business. From modifications in laws and case legislation to regulatory reforms, at Ashurst we’re able to assist you on all legal developments. David Milne and Kyle Moir join as partners …