February 21, 2024

This edition covers, amongst other subjects, the most recent developments regarding the Luxembourg jurisdiction. The outcome of a recent case is important as a check level in legislation and shall be of particular curiosity to litigation lawyers in Scotland, writes Andrew Foyle. News, tendencies and evaluation, in addition to breaking information alerts, to help HR professionals do their jobs better each enterprise day.

Legal Update

New OJK Rule on Public Accountants and Public Accountant Offices The issuance of this new rule has an impression on the engagement of external auditors by publicly-listed companies given that public corporations are one of the topics being regulated and supervised by OJK. Data Categorization for Electronic System Operators Providing Public Services The MOCI has issued a draft modification to Government Regulation No. 82 of 2012 which requires digital system operators providing public providers to have onshore data facilities and disaster restoration facilities. The New Tax Holiday Regulation of Indonesia New Minister of Finance regulation provides extra attractive company earnings tax discount amenities for investors. NIK New Development The DGCE regulation requires a company to process the IMTA and NPWP for overseas directors not residing in Indonesia. Franchise Agreements in Indonesia A franchise, underneath Indonesian regulations, is outlined as a special proper owned by an individual or a legal entity to a novel business system that has confirmed profitable in selling goods and/or companies, and can be utilized by another party primarily based on a Franchise Agreement.

Asic Reminds Insurers Of Asics Expectations Throughout Covid

Bank Indonesia Regulations on Foreign Exchange Transactions Bank Indonesia lately issued several regulations associated to foreign exchange transactions by Indonesian banks. These rules update existing rules issued by BI with the goal of making a healthy overseas change market in Indonesia, as is defined on this transient abstract. Government Changes Divestment Requirements for Mining Companies in Indonesia Indonesia’s mining business stays in flux. On 14th October 2014, the Indonesian Government issued the third modification to Government Regulation No. 23 of 2010 concerning the Implementation of Mineral and Coal Mining Business Activities and in doing so introduced revised divestment necessities. Guide to Background Checks in Indonesia Employers in Indonesia frequently carry out background checks on candidates.

  • It is greatest fitted to letting brokers with a minimal of two years’ expertise or who have achieved Propertymark Qualifications’ Award in Residential Letting and Property Management.
  • Perthshire-based law agency Macnabs has introduced a series of appointments as it celebrates the opening of its new workplace in Bridge of Allan this month.
  • Companies in search of to obtain Indonesian nationality for their vessels should adjust to Indonesian laws and regulations associated to the possession and operation of the vessel.
  • General Meeting of Shareholders in Indonesia Limited legal responsibility firms in Indonesia must hold an annual common assembly of shareholders at least six months after the tip of their financial yr.

Indonesian Government Publishes 2017 Cost of Electricity Generation Figures The Government lately issued Decree No. 1772 K/20/MEM/2018 which illustrate the prices to PLN of procuring power from the totally different systems/sub-systems throughout Indonesia. Indonesia’s PLN Invites Hydropower Developers to Prequalify Indonesia’s state-owned power utility PLN, has issued an invite to hydropower developers to submit functions to be included on the List of Selected Providers for Indonesian hydropower projects with a capability of above 10MW. New Regulation in Managing Oil and Gas Working Areas with Expiring PSCs The authorities has issued MEMR Regulation No. 23 of 2018, which states that a PSC Contractor doesn’t automatically have the right to a PSC extension. Procurement Arrangements within the Indonesian Construction and Projects Sector Under Indonesian Law No. 2 of 2017 (the “Construction Law”), procurement preparations in Indonesia are made via the execution of a development work contract between the project owner/employer and the service provider/contractor. Terminating an Employment Relationship in Indonesia Under Law No. 13 of 2003 relating to Labor (the “Labor Law”) and other prevailing labor laws and regulations, employment-at-will and termination upon easy discover usually are not recognized in Indonesia.

Better Work Haiti: Sixteenth Biannual Compliance Synthesis Report

To study more about our providers and get the most recent legal insights from throughout the Middle East and North Africa region, click on on the hyperlink beneath. This edition of our Luxembourg Legal Update covers, amongst other topics, Bill N° 6398 on the modification of the Insurance Sector Law and the Grand Ducal Regulation of 14 December on the brand new obligatory procedure for the submitting of monetary info with the Luxembourg register of commerce. This edition of our Luxembourg Legal Update covers, amongst other matters, the CSSF Annual Activity Report for 2014 and the Prospectus Law, and a case legislation on the limitation of liability clause for banks. This edition covers, amongst other topics, Reserved Alternative Investment Funds and the Law of 18 December 2015 amending certain provisions of the Companies Law, the Law on the Register of Commerce and Annual Accounts and the Luxembourg industrial code. This version covers, amongst different topics, the Law of eleven October 2016 on the reform of the parental leave, the Law of 23 July 2016 on the new form of simplified S.à.r.l.