Author: Vania Aqilla Cahyaningrum with Felicia Cindy Hanubrata “The Institutional aspect of a legal entity is a crucial prerequisite in obtaining PJP licensing from Bank Indonesia; thus, it necessitates a thorough examination for the correctness and completeness through Legal Due Diligence (LDD).” Payment Service Providers (“PJP”) is stipulated in Bank Indonesia Regulation Number 23/6/PBI/2021 (“PBI […]
“While a consignment agreement has not been specifically regulated in Indonesia, a consignment agreement must be deemed a valid contract with its distinctive elements.” The consignment agreement has not been specifically regulated by any legislative product in Indonesia. However, a consignment agreement is indirectly recognized by Indonesian law as one of innominaat contracts, which is […]
Legal Impacts of Merger on Employment Status | “While a merger may benefit companies from the business perspective, a merger is legally acknowledged as a reason for termination of employment, which may entail an obligation to preserve the financial entitlements of the employees.” According to Law No. 40 of 2007 concerning Limited Liability Company (“Company […]
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