February 21, 2024

Foreign Investment Restrictions Restrictions on foreign shareholders in Indonesia are set out within the Negative Investment List contained in Presidential Regulation No. 39 of 2014 outlining the list of enterprise fields that are closed and business fields which might be open with requirements for funding. Taking the Temperature of Indonesia’s Geothermal Regulatory Climate Indonesia’s geothermal assets are among the many largest on the earth, with around 40 % of the worldwide geothermal sources, and the government has intensified its efforts to encourage geothermal energy growth. Franchise Law in Indonesia When the government introduced a number of current economic coverage packages in an effort to stimulate the financial system, not certainly one of the coverage packages focused on the franchising sector. Indonesia’s FinTech Office and New FinTech Regulation Bank Indonesia lately launched a FinTech Office on 14th November 2016.

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As part of the registration process, registrants must conform to our phrases and conditions, which embrace adhering to our outlined Covid-19 safety protocols in place at the time and following any steering requested by the venue. We will take a look at the interplay between permitted improvement and the EIA and HRA regimes including, when to screen, and tips on how to consider HRA and EIA in the context of applications for prior approval and what mitigation may be taken into account for every. Our anchor event is back, the Autumn Planning Law Update sponsored by Burges Salmon will be returning to Bristol on the 9 November. With all the most recent planning legislation updates plus being a fantastic occasion to community and reconnect, early booking is advised. Access carefully selected content, including online seminars, members-only newsletters, and past seminar supplies that cowl quite a lot of in-depth subjects.

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Our first commentary seems at redundancy tendencies, updates on altering phrases and situations, and the potential employment claim impact on insurers of any increase in insolvencies. We symbolize and help our members, promoting the best skilled standards and the rule of legislation. AEMC has progressed significant developments for storage services in its final rule and determination on integrating vitality storage into the NEM. We bring collectively lawyers of the very best calibre; progressive thinkers pushed by the will to assist our clients obtain business success. Evolution of the number of complete citation per doc and external quotation per doc (i.e. journal self-citations removed) acquired by a journal’s published documents in the course of the three earlier years. External citations are calculated by subtracting the number of self-citations from the whole variety of citations acquired by the journal’s documents.

  • New Regulation in Managing Oil and Gas Working Areas with Expiring PSCs The government has issued MEMR Regulation No. 23 of 2018, which states that a PSC Contractor doesn’t automatically have the best to a PSC extension.
  • Proposal to Revoke Five Business Permits in Indonesia On sixteenth March 2016, Indonesian President Joko Widodo introduced a plan to simplify business licensing in Indonesia by revoking five existing business permits issued on the regional stage.
  • We will have a look at the interaction between permitted improvement and the EIA and HRA regimes including, when to display screen, and tips on how to contemplate HRA and EIA within the context of functions for prior approval and what mitigation may be taken under consideration for each.
  • Indonesian Franchising Rules and Regulations With a population of 250 million, Indonesia is a beautiful country for investors involved within the distribution, retail and franchise sectors.
  • Once the reviewers are happy with corrections in manuscripts or explanations given by authors, authors are conveyed the choice of acceptance of article.

The guide offers a realistic overview of the regulation and apply of pharmaceutical advertising law. Penny has worked for the Home Office developing their Anti-Social Behaviour Policy and joined their task force to promote new ASB legislation amongst each the private sector and social housing. The Singapore Exchange has just lately implemented new rules that allow special purpose acquisition firms (“SPACs”) to record on the Mainboard of the Singapore Exchange Securities Trading Limited. Mandatory Use of Rupiah in Indonesia Indonesia’s central financial institution, Bank Indonesia, recently issued BI Regulation No. 17/3/PBI/2015 concerning the Mandatory Use of the Rupiah within the Republic of Indonesia, which restricts using overseas currency in domestic transactions conducted within Indonesian territory. Registration of Vessels in Indonesia Any vessel of at least 7 gross tonnes may be registered beneath the Indonesian flag including offshore drilling rigs and mobile offshore drilling models.

Better Factories Cambodia Transparency Database Report, Seventh Cycle

New Negative Investment List Introduces Changes to Health Investment in Indonesia The Indonesian Government has launched the long-awaited New Negative Investment List, issued under Presidential Regulation No. 39 of 2014. Among the main changes from previous laws is a rise in most foreign ownership ranges in several key industries, including the health sector. Discrimination Law and Equality in Indonesia Indonesia doesn’t have an overarching anti-discrimination legislation; somewhat, a patchwork of laws and sector-specific regulations prohibit discrimination and encourage equality.

Insurance Companies Must Follow Requirement on Ultimate Shareholders The Indonesian Insurance Law introduced a significant change concerning the shareholding composition of insurance coverage companies. The Insurance Law mandates that the local shareholders in an insurance company must be finally owned by Indonesian people. ESDM Regulation forty two and Oil and Gas Companies On 14th July 2017, the Minister of Energy and Mineral Resources printed Regulation No. 42 of 2017 (Reg. 42). New Abandonment and Site Restoration Obligations Upstream Oil and Gas Activities Indonesia’s Minister of Energy and Mineral Resources has regulated abandonment and web site restoration activities, or post-operation actions, for the upstream oil and gasoline sector.