No&t Thailand Legal Update

Lontong 17/04/2022 0

New Ministry of Employment Regulation on Religious Festivity Allowance On 8th March 2016 the Minister of Employment issued Regulation No. 6 of 2016 on Religious Festivity Allowance for Employees in Companies. Indonesia’s Economic Stimulus Packages Between September 2015 and March 2016, the Indonesian central government launched eleven financial stimulus packages, which taken together are often recognized as Jokowi’s Economic Package . New Body Set Up to Resolve Disputes in Indonesia’s Construction Sector The Indonesian Centre for Arbitration and Alternative Dispute Resolution for Construction in late 2015 held its first seminar to announce its existence as a dispute decision body in the subject of building in Indonesia. Indonesia Foreign Investment – The 2016 Negative List The authorities has enacted a new Negative Investment List underneath Presidential Regulation No. 44 of 2016, which grew to become effective on 18 May 2016 and revokes the previous Negative Investment List stipulated under Presidential Regulation No. 39 of 2014. What You Need to Know about Indonesia’s New Tax Amnesty Law The Indonesian Government lately issued the long-awaited and anticipated Tax Amnesty Law (Law No. 11 of 2016).

  • Regulation eighty five introduces the idea of Bonded Logistics Centres as one kind of Bonded Storage Places in Indonesia.
  • International Collaboration accounts for the articles which have been produced by researchers from a quantity of countries.
  • Indonesian Language Law from the Perspective of the Courts In 2013, the West Jakarta District Court issued a groundbreaking choice that captured the eye of the enterprise group in stipulating that the Indonesian language should be used in business agreements with Indonesian businesses and businesses.
  • The new rule offers new necessities for itemizing on the IDX and clarifies several objects that aren’t clearly regulated beneath the old rule.
  • This legal update provides insights into the present regulatory setting and the challenges confronted by developers and potential homeowners amid continued uncertainty.

Launching of Electronic-Based Intellectual Property Services in Indonesia The Ministry of Law and Human Rights formally launched electronic- primarily based intellectual property providers on 29th December 2016. The digital filing system enables IP consultants to file functions at any time on-line without being constrained by the limited opening hours of the Intellectual Property Office. The OJK Issues New Circular Letter on Micro-insurance Products Circular Letter 9, while not within the type of an OJK regulation, now prescribes an in depth method and strategy to the distribution and sale of micro-insurance products.

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Employee Data Privacy in Indonesia The Indonesian Minister of Communication and Informatics comparatively recently issued MOCI Regulation No. 20 of 2016 relating to the Protection of Personal Data in Electronic Systems , which stipulates the protections afforded to personal data stored in an digital system. Background Checks Under Indonesian Employment Law Employers in Indonesia regularly carry out background checks on candidates. The contents of Law Update aren’t intended to be an alternative to specific legal advice on any particular person matters. No part of this publication may be reproduced, distributed, or transmitted in any type or by any means, including photocopying, recording, or different electronic or mechanical methods, with out the prior written permission of the publisher, aside from particular person use and different non-commercial makes use of permitted by copyright legislation. This edition of our Luxembourg Legal Update covers, amongst other matters, the Law 17 December 2010 on Undertakings for Collective Investments and the brand new judicial procedures concerning public contracts. This edition of our Luxembourg Legal Update covers, amongst other subjects, the Law of 28 October 2011 on the implementation of the credit standing company regulation, the Law of two September 2011 on business licenses and the Law of 28 October 2011 on remuneration policies within the Financial Sector.

Legal Update

Real Estate Disputes in Indonesia There is not any arbitration facility or course of particularly designed to accommodate real estate matters under Indonesian law. Disputes related to actual estate are treated in an identical method as some other dispute in Indonesia. Enactment of the New Trademark and Geographical Indication Law Indonesia just lately enacted the brand new Trademark and Geographical Indication Law which will exchange Law No. 15 of 2001. The new legislation will provide safety to broader types of trademark, as well as make it extra time and cost-efficient for trademark owners to obtain registration licences in Indonesia.

Vic Short-term Rules Permit For Electronic Signing Of Deeds And Distant Witnessing Of Documents

Protection of Privacy in Indonesia Article 28 is taken into account the premise for more specific information privacy laws. However, there is not a particular legislation in Indonesia that regulates respect for personal and household life. As of the time of this writing, the most relevant rules for the protection of privateness are associated to non-public data protection. Foreign Investment in Indonesian Real Estate Indonesia’s Agrarian Law offers that foreigners can only acquire a right to make use of title for land if they reside in Indonesia. This update takes inventory of the current legal framework governing international funding in Indonesian actual property and provides an outline of the expected challenges. Compliance Road Map for Companies in Indonesia Compliance is a crucial concern for international funding firms doing enterprise in Indonesia.

Coal Prices for Domestic Power Producers in Indonesia With worldwide coal prices rising, the government has by enacted MEMR Decree No. 1395 K/30/MEM/2018 to control the provision of coal for domestic energy producers. Bank Indonesia Sets New Limits for the Provision of E-Money Bank Indonesia issued a regulation on e-money that stipulates a variety of necessities and prohibitions that have been previously unregulated. IDX Issues New Listing Rule The Indonesia Stock Exchange has issued a new listing rule for shares and equity-type securities. The new rule provides new necessities for itemizing on the IDX and clarifies a number of gadgets that aren’t clearly regulated under the old rule. Indonesian Bankruptcy and PKPU Proceedings in a Time of COVID-19 The COVID-19 pandemic has triggered more financial hurt to Indonesia than the subprime mortgage crisis in 2008. As part of efforts to verify the unfold of the virus, the Indonesian authorities has implemented a coverage of Large-Scale Social Restrictions (Pembatasan Sosial Berskala Besar or “PSBB”), requiring most companies to stop or at least pare down actions.