This legal update offers insights into the current regulatory environment and the challenges confronted 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’ corporate governance guidelines which set a brand new normal of corporate governance practice for public firms. OJK Revokes Stimulus Package for Insurance Companies and Pension Funds On thirty first August 2015, the Financial Services Authority issued several circular letters as a stimulus policy package deal to minimise the detrimental effects of unstable international monetary circumstances on the insurance and pension fund business sector. Indonesia’s FinTech Office and New FinTech Regulation Bank Indonesia lately launched a FinTech Office on 14th November 2016. The workplace is predicted to boost the growth of the Indonesian FinTech industry, optimise technology developments in the sector, improve the industry’s competitiveness and …
Restrictions on Contractors within the Indonesian Oil and Gas Sector There are numerous guidelines for Production Sharing Contract (“PSC”) Contractors in Indonesia’s oil and fuel sector, including these on the export of production, foreign money change and the transfer or disposal of improvement rights. Foreign Employees and Termination Benefits in Indonesia Supreme Court Circular Letter No. 1 of 2017 supplies legal certainty that foreigners can solely be employed in Indonesia under a fixed-term employment settlement for the period of their work allow. SEMA No. 1 eliminates any attainable future claims that overseas staff are everlasting workers and thus get pleasure from statutory termination benefits under the Manpower Law.
The objective is to have a forum by which general doubts concerning the processes of publication within the journal, experiences and other issues derived from the publication of papers are resolved. For topics on particular articles, keep the dialogue by way of …