“Mediation process should conduct by the agreement of both parties, and if the agreement has been reached, it is final and binding for both parties to be carried out with good faith.” In general, mediation is a part of Alternative Dispute Resolution (“ADR”) which divided into 2 (two) types namely mediation inside the court and outside court. Mediation outside the court is regulated based Law No. 30 of 1999 regarding
“The business field of Commercial Web Platforms in its classification includes various website operations with profit purposes but does not include financial technology.” The Commercial Web Platform is regulated in Government Regulation Number 5 of 2021 concerning Implementation of Risk-Based Business Licensing (“PP 5/2021”). The scope of the commercial web platform is divided into general business fields and business fields included in the Electronic Trading System Operator (“PPMSE”). The arrangements
“The aspect of control in Remittance Service Company activities it must be held by domestic shareholder.” Under Article 2 letter Bank Indonesia (“BI”) Regulation No. 23/6/PBI/2021 of 2021 on PJP (“BI Reg 23/2021”), Remittance Service is included within the scope of PJP. PJP itself is defined as Banks or Non-Bank Institutions that provide services to facilitate payment transactions to service users. Which means that Remittance Service Company is a service
“ Although Company Law does not define the definition of Minority Shareholders, however in practice, Minority Shareholders are Shareholders who do not own a large number of shares in a Limited Liability Company.” Shareholders are one of the main elements in a Limited Liability Company. Shareholders have rights, obligations and interests that are protected in Law No. 40 of 2007 concerning Limited Liability Company as lastly amended by Law No.
“In establishing PT PMA, the minimum capital and paid-up capital is IDR 10 billion excluding land and office buildings. PMA can only perform business activities on a large business scale. Meanwhile, Representative Offices are not limited by investment value and capital like PT PMA. In implementing its duties and functions, a representative office cannot exceed the duties and functions regulated by law in Indonesia. Regarding BUT is not an entity
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