“Based on the prevailing manpower regulations in Indonesia, company regulation must first be approved by the Manpower Agency in order to apply internally in the company. Furthermore, prior to the expiry of the validity of the company regulation, the company must conduct a renewal of the company regulation in order to stay compliant with the law.” Under the Law No. 13 of 2003 concerning Manpower (as has been modified by
“The government has passed Law No. 27 of 2022 on Personal Data Protection that regulates mainly on the processing of personal data, and the rights and obligations of the personal data subject and personal data controller.” Promulgated this year, Law No. 27 of 2022 on Personal Data Protection (“UU PDP”) regulates provisions on processing of personal data by the personal data controller. This regulation is important because many web services
“While BANI Arbitral Award is legally executable upon rendering, there are multiple instances wherein the parties fail to execute the arbitral award voluntarily. Should this be the case, the arbitral award can be requested to be executed by the competent District Court.” Legal Basis of Arbitration in Indonesia Pursuant to Law No. 30 of 1999 concerning Arbitration and Alternative Dispute Settlements (“Indonesian Arbitration Law”), arbitration is defined as a method
“Offshore Loans must be reported to Bank Indonesia.” In regard to supporting and/or expanding a business, some entrepreneurs borrow funds from abroad to cover the costs they need. The borrowing of funds from abroad is included in the activities of Foreign Exchange Traffic, so it needs to be reported to the competent authority, which is Bank Indonesia. This Offshore Loan is regulated in Bank Indonesia Regulation Number 21/2/PBI/2019 concerning Reporting
“Business Actors must do LKPM Report in the stipulated reporting period. Since the second quarter of 2022, LKPM reporting is no longer through the link https://lkpmonline.bkpm.go.id/ or SPIPISE, but directly through the OSS Risk Based Approach system in the reporting section, where data submission to make LKPM reports is done through OSS.” To run a business, Business Actors certainly need capital. At the beginning of the establishment of a company,
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