“Companies are under the obligation to report Beneficial Owner information to the Ministry of Law and Human Rights at the time of establishment and at the time of any change of Beneficial Owner information. While the sanctions of incompliance have not been regulated clearly, based on practical experience, if corporation does not conduct Beneficial Owner […]
Industrial relations disputes are differences of opinion that result in conflict between employers or a combination of employers and workers/labor unions. These disputes are due to disputes regarding rights, disputes over interests, disputes over the termination of employment, and disputes between unions within one company. There are mediums to resolve industrial relations disputes can be […]
“While arbitration clause is included within a written agreement between the parties, an arbitration agreement is an agreement made after a dispute has arisen between the parties. Without any arbitration clause or arbitration agreement, the dispute shall be settled by the district court by default.” Arbitration is a way of settling a civil dispute outside […]
“Regarding to Capital Market and Public Companies sector in Indonesia, there are additional requirements for legal consultants to be eligible to conduct LDD as required by The Indonesian Financial Services Authority (“OJK”). Legal Due Diligence (“LDD”) can be seen as a procedure for mitigating risk. The risk referred to is closely related to the transaction […]
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