Month: March 2020

Benefits of Hiring a Law Firm on a Retainer Scheme

“Retainer scheme is a personal, economical, and practical solution to your constant legal needs.” A general retainer agreement can be defined as an agreement between attorney and client in which the client agrees to pay a fixed sum to the attorney in exchange for the attorney’s promise to be available to perform, at an agreed […]

Force Majeure From Indonesian Civil Law Perspective

“In Indonesia, force majeure is also regulated under the Indonesian Civil Code (“ICC”). However, the ICC does not contain any general provision concerning force majeure, e.g. the definition or the scope of applicability.” According to the Merriam-Webster’s Dictionary (1996), ‘force majeure’ is defined as a superior or insuperable force, or an event (as war, labor […]

Updated Financial Sector Regulation

The World Health Organization (WHO) has stipulated the status of Coronavirus Disease 2019 (Covid-19) global outbreak as Pandemic. This unprecedented global outbreak has rapidly spread and affected almost every country in this world, aside from its health and clinical impact threat, the pandemic has also brought negative impact to many other sectors such as the […]

Differences Between Negotiation and Mediation from Indonesia Dispute Resolution Law Perspective

“In general, alternative dispute resolution options can be grouped into two, one which uses assistance of a 3rd party and one which doesn’t. Mediation belongs to the first group, while negotiation belongs to the later.” It is commonly known that when two parties have a legal dispute, they could settle it in court. However, there […]

Subrogation, Cessie, and Novation Related to Loan Agreements

“Parties bound by a loan agreement are entitled to conduct a transfer of debts or receivables by one of three means of transfer under the Indonesian Civil Code. Considering the differing aspects of the three, the parties are free to choose any means most suitable for their needs.” Within the contracts law, the parties bound […]