Procedures for Land Freezes and Land Seizures in Indonesia Head of National Land Agency Regulation No.thirteen of 2017 covers the different land freeze and seizure procedures previously governed by a quantity of totally different regulations. New Guidelines on the Advertising of Drugs The Food and Drugs Supervisory Agency has issued Decision No.eight setting out the guidelines on the advertising of prescription and non-prescription medicine. New Regulation on Criteria and Drug Registration Procedure BPOM Regulation No. 24 of 2017 replaces earlier BPOM laws in setting out the most recent procedure for drug registration. Mandatory Disclosure of Beneficial Owners in Indonesia Following the enactment of Presidential Regulation No. thirteen of 2018, legal entities in Indonesia are now required to declare the id of beneficial house owners and supply data on their beneficial ownership.
Licensing of Insurance and Reinsurance Providers in Indonesia Insurance and reinsurance corporations doing enterprise in Indonesia should be licensed by the Financial Services Authority . The OJK must approve or reject the license utility no later than 30 days after the whole application is received. General Meeting of Shareholders in Indonesia Limited legal responsibility companies in Indonesia must maintain an annual general meeting of shareholders at least six months after the end of their financial year. The AGMS must talk about and approve the annual report submitted by the Board of Directors, which must consist of a monetary report among other particulars.
Given the context of Indonesia’s gains in its equality rankings, this update offers an outline of the relevant laws. Defamation under Indonesian Law Defamation under Indonesian regulation entails the issuance of a defamatory statement that causes a person to endure hurt. Chapter XVI of the Indonesian Criminal Code governs both slander and libel in offering details on six several sorts of defamation, as is defined in this legal update. Amendment to Regulation on the Utilization of Foreign Manpower Indonesia’s Ministry of Manpower has issued Regulation No. 35 of 2015, which serves as an modification to Regulation No. sixteen of 2015 on the Procedure for the Utilization of Foreign Manpower, and brings about adjustments covered in this legal update.
This version of our Luxembourg Legal Update covers, amongst different topics, the Law of 6 April 2013 on the dematerialisation of securities and Bill N°6543 on electronic archiving. This version of our Luxembourg Legal Update covers, amongst other topics, the Law of 12 July 2013 which revises the Insurance Sector Law and the Law of 12 July 2013 implementing the AIFM Directive. This version covers, amongst different subjects, the Law of 28 October 2016 on Professional Qualifications Recognition and the Luxembourg Tax Reform for 2017. This edition covers, amongst other topics, the Law of 15 December 2016 on equal pay between women and men in Luxembourg and the Grand Ducal Regulation of twenty-two May 2017 on e-archiving. This edition covers, amongst other matters, the latest developments referring to the end result of the 23 June 2016 referendum within the UK.
- Data Categorization for Electronic System Operators Providing Public Services The MOCI has issued a draft amendment to Government Regulation No. eighty two of 2012 which requires digital system operators offering public services to have onshore information centers and disaster recovery centers.
- The OJK must approve or reject the license utility no later than 30 days after the whole utility is obtained.
- Regulation eight was issued to support the tax amnesty programmes initiated by the Indonesian authorities.
- The objective is to have a forum in which common doubts about the processes of publication within the journal, experiences and different points derived from the publication of papers are resolved.
- Among the major adjustments from previous regulations is an increase in most foreign ownership ranges in a quantity of key industries, together with the health sector.
Indonesia Launches New Economic Policy Package On 31st August 2017, President Joko Widodo enacted the sixteenth economic coverage package, which aims to improve the convenience of doing business in Indonesia by offering measures to speed up issuance of enterprise licenses and permits on the central and regional ranges. The Indonesian Government Resumes Discussions on Over-The-Top Regulation The 2017 Draft OTT Regulation intends to pressure Over The Top software and content service providers to ascertain presence in Indonesia, to guard public curiosity and guarantee certainty of shopper protection. Data Protection in Indonesia’s Financial Services Sector Minister of Communication and Informatics Regulation No.20 of 2016 strengthens the obligations to guard the private and financial data of shoppers by suppliers of electronic systems.
Explanatory Observe On Regulated Exercise Under The Insurance Ordinance
SSEK discusses the revised Negative Investment List, the impression of the ASEAN Free Trade Area on Indonesia and Bilateral Investment Treaties. Establishing a Presence in Indonesia from Abroad The most common option for an abroad company as a foreign investor to ascertain a presence in Indonesia is by setting up a limited liability firm (Perseroan Terbatas ) with foreign possession . Government to Issue Regulation to Re-order or Revoke IUPs For the previous 5 years, the Ministry of Energy and Mineral Resources has sought to tidy up historic anomalies within the issuance of mining enterprise permits . Against this background, it has been recently floated within the media that the MEMR may quickly concern a regulation to kind out problematic IUPs. A New Regulation on Intellectual Property License Agreement Recordal The prevailing mental property laws in Indonesia stipulate that it’s mandatory to document an IP license agreement with the Directorate General of IP. In the absence of recordal, an IP license settlement is deemed to be not binding on any third celebration.
Luxembourg’s Legal Update newsletters provide a compact summary and guidance on the brand new legal issues that could impact your business, notably in relation to banking, finance, capital markets, corporate, litigation, employment, funds, funding administration and tax regulation. On September 9, 2021, Laos announced a brand new pilot program to allow the mining and trading of cryptocurrency. Notification No. 1158, issued by the Prime Minister’s Office, supplies for an electrical energy sale-purchase agreement with six firms concerned within the pilot program.
Better Work Jordan End Of 12 Months E-newsletter 2020
This session will provide an overview, and allow you to perceive the practical implications, of the changes to the permitted improvement and use class regimes brought in since August 2020. With one of many largest legal teams in Japan, we convey a wealth of practical data targeted on the singular function of offering high quality legal providers. You can use the search box beneath to tailor our coaching and assets to your needs, in addition to using the filters on the proper to select your areas of interest. If you present a search term the outcomes will be proven in order of relevance to your search – if you want to see the newest assets simply change the kind by filter immediately below.
Companies looking for to acquire Indonesian nationality for his or her vessels should adjust to Indonesian legal guidelines and regulations associated to the possession and operation of the vessel. New Regulation Prohibits Manufacturers from Importing Industrial/Finished Goods As a half of the federal government’s financial deregulation bundle issued on ninth September 2015, the Ministry of Trade has issued one other new regulation on imports. This new regulation removes the provision which allowed holders of Producer Importer Identification Numbers to import sure industrial/finished items. Regulation eighty five introduces the idea of Bonded Logistics Centres as one kind of Bonded Storage Places in Indonesia.