“According to Article 78 of UUPT, there are two kinds of GMS, which are annual GMS and other GMS. Each, have their own functions and criteria. Annual GMS needs to be held every year, at least 6 (six) months after the end of each financial year. The Board of Directors is obliged to hold an […]
“Under the President Regulation No. 13 of 2018, every corporation is required to report its beneficial ownership information to the Ministry of Law and Human Rights. This reporting duty is conducted through the General Legal Administration (AHU) Online web portal system, which can be conducted by notary, founder or management of the company, or any […]
“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 […]
“In the New Job Creation Regulation, it has been made more specific that the scale and structure of salary for employees must be made as a guidance for employees who have served 1 (one) year of service for the employer.” Following the judicial review of the Law No. 11 of 2020 concerning Job Creation (“Law […]
“Based on the currently prevailing laws of Indonesia, licenses which are required to be obtained by construction companies in Indonesia have been modified, and the procedure of obtaining such licenses has been changed accordingly.” Overview of Company Establishment in Indonesia The abolishment of Law No. 11 of 2020 concerning Job Creation (“UUCK”) which has been […]
Based on Article 41 of Law No 40 of 2007 concerning on Limited Liability Company (”Company Law”), Perseroan Terbatas or Limited Liability Company (“PT”) capital is authorized capital, issued capital, and paid-up capital. Whereas, authorized capital is the target amount of capital which is intended to be fulfilled by the PT. On the other hand, […]
“Personal Data Protection is aimed to ensure the right of citizens to personal protection and raise public awareness as well as ensuring recognition and respect for the importance of personal data protection” Previously, we have summarized the general information regarding the Subject, Types of Personal Data, Rights of Personal Data, Personal Data Controller and also […]
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