Day: April 28, 2022

Choice of Law and Choice of Forum in Commercial Contracts

Choice of Law and Choice of Forum in Commercial Contracts Annual GMS of Limited Liability Company (PT) in Indonesia

“In accordance with the principle of freedom of contract, any contracting parties can determine the choice of law and the choice of forum in commercial contracts. While it is not mandatory to do so, determining such choices can be beneficial to the contracting parties under certain considerations.” In Indonesia, the laws and regulations acknowledge a […]

Digital Signature and Its Requirement for Legalization Process

Digital Signature and Its Requirement for Legalization Process Digital Signature and Its Requirement for Legalization Process

“By Indonesian law, a Digital Signature has been properly acknowledged and regulated. However, while having similar legal enforceability of a wet signature on paper, a Digital Signature must still undergo a legalization process if the signing is conducted outside of Indonesia.” Pursuant to Law No. 19 of 2016 concerning Amendment of Law No. 11 of […]