February 21, 2024

Foreign Investment Restrictions Restrictions on international shareholders in Indonesia are set out in the Negative Investment List contained in Presidential Regulation No. 39 of 2014 outlining the list of enterprise fields which may be closed and enterprise fields which are open with necessities for funding. Taking the Temperature of Indonesia’s Geothermal Regulatory Climate Indonesia’s geothermal assets are among the many largest on the earth, with round 40 percent of the global geothermal resources, and the federal government has intensified its efforts to encourage geothermal power growth. Franchise Law in Indonesia When the federal government launched a selection of recent economic policy packages in an effort to stimulate the financial system, none of the coverage packages centered on the franchising sector. Indonesia’s FinTech Office and New FinTech Regulation Bank Indonesia lately launched a FinTech Office on 14th November 2016.

  • New Regulation on Purchase of Electric Power from Biomass and Biogas Power Plants On 4th August 2016, Ministry of Energy and Mineral Resources Regulation No. 21 of 2016 on the Purchase of Electric Power from Biomass and Biogas Power Plants was enacted.
  • Mandatory Use of Rupiah in Indonesia Indonesia’s central bank, Bank Indonesia, recently issued BI Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of the Rupiah within the Republic of Indonesia, which restricts the use of overseas foreign money in domestic transactions performed inside Indonesian territory.
  • This legal update provides an summary of legal guidelines on public mergers and acquisitions in Indonesia, overlaying the first means of obtaining management of a public company.
  • From skilled commentary to nice insights, this version of Law Update is brimming with an fascinating mixture of articles ranging from maritime, aviation, insurance coverage, and different industry insights that you just don’t want to miss.

As a part of the registration process, registrants should comply with our terms and circumstances, which embrace adhering to our outlined Covid-19 safety protocols in place on the time and following any steerage requested by the venue. We will take a glance at the interplay between permitted development and the EIA and HRA regimes together with, when to screen, and how to consider HRA and EIA within the context of functions for prior approval and what mitigation can be taken under consideration for each. Our anchor event is back, the Autumn Planning Law Update sponsored by Burges Salmon might be returning to Bristol on the 9 November. With all the newest planning regulation updates plus being a great occasion to community and reconnect, early reserving is suggested. Access fastidiously selected content, together with online seminars, members-only newsletters, and previous seminar supplies that cowl a big selection of in-depth matters.

Legal Update 2021 Vol 1

Insurance Companies Must Follow Requirement on Ultimate Shareholders The Indonesian Insurance Law launched a significant change regarding the shareholding composition of insurance coverage firms. The Insurance Law mandates that the local shareholders in an insurance coverage firm have to be ultimately owned by Indonesian individuals. ESDM Regulation forty two and Oil and Gas Companies On 14th July 2017, the Minister of Energy and Mineral Resources published 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 website restoration activities, or post-operation actions, for the upstream oil and gasoline sector.

Legal Update

The guide provides a practical overview of the regulation and practice of pharmaceutical promoting regulation. Penny has labored for the Home Office growing their Anti-Social Behaviour Policy and joined their task drive to advertise new ASB laws amongst both the private sector and social housing. The Singapore Exchange has recently applied new guidelines that enable particular purpose acquisition companies (“SPACs”) to list on the Mainboard of the Singapore Exchange Securities Trading Limited. Mandatory Use of Rupiah in Indonesia Indonesia’s central bank, Bank Indonesia, lately issued BI Regulation No. 17/3/PBI/2015 concerning the Mandatory Use of the Rupiah within the Republic of Indonesia, which restricts using international forex in domestic transactions performed inside Indonesian territory. Registration of Vessels in Indonesia Any vessel of no much less than 7 gross tonnes may be registered underneath the Indonesian flag together with offshore drilling rigs and mobile offshore drilling items.

Vic Temporary Regulations Allow For Digital Signing Of Deeds And Remote Witnessing Of Paperwork

Our first commentary appears at redundancy developments, updates on altering phrases and circumstances, and the potential employment declare impact on insurers of any improve in insolvencies. We represent and support our members, promoting the highest skilled standards and the rule of law. AEMC has progressed important developments for storage facilities in its final rule and willpower on integrating energy storage into the NEM. We deliver together attorneys of the best calibre; progressive thinkers pushed by the will to assist our shoppers obtain business success. Evolution of the number of total citation per doc and external citation per document (i.e. journal self-citations removed) obtained by a journal’s printed documents in the course of the three previous years. External citations are calculated by subtracting the number of self-citations from the entire variety of citations obtained by the journal’s paperwork.

New Negative Investment List Introduces Changes to Health Investment in Indonesia The Indonesian Government has launched the long-awaited New Negative Investment List, issued underneath Presidential Regulation No. 39 of 2014. Among the major changes from earlier laws is an increase in most foreign ownership levels in a quantity of key industries, including the health sector. Discrimination Law and Equality in Indonesia Indonesia doesn’t have an overarching anti-discrimination law; somewhat, a patchwork of legal guidelines and sector-specific regulations prohibit discrimination and encourage equality.