“By Omnibus Law in 2020 and its implementing regulations, the procedure and reasons for termination of employees and calculations of the severance package have been considerably modified. Further, any violation concerning the severance package is now punishable by criminal sanctions.” From mid-2020 to early 2021, matters regarding employee termination have been made uncertain by the […]
“Presidential Regulation No. 10/2021 has revoked and replaced the prior Indonesian Negative Investment List (PR 44/2016).” Following the promulgation of Law No. 11 of 2020 on Job Creation (“Job Creation Law”), the Government has stipulated one of its derivative regulations as Presidential Regulation No. 10 of 2021 on Capital Investment Business Fields (“PR 10/2021”). PR […]
“The current existing laws are mostly focused on utilization of renewable energy as sources of electrical power and fuel (bioenergy)” Presently, Indonesia does not have specific regulation on renewable energy. Indonesia is still looking forward to The House of Representative’s deliberation of renewable energy bill, as the part of priority of national legislative program 2020. […]
“Customer Due Diligence (CDD) is activities conducted by Financial Service Provider to ensure thetransaction by the profile, characteristic, and/or transaction patterns of customers.” Customer Due Diligence (CDD) is activities (identification, verification, and monitoring) that conducted by Financial Service Provider (“Penyedia Jasa Keuangan” or “PJK”) to ensure the transaction in accordance with the profile, characteristic, and/or […]
“In a sector heavily based on research and development, business actors in the medical industry must be able to distinguish each type of intellectual property rights to protect their interest properly.” As a sector dedicated to resolving health problems, the medical industry is heavily based on scientific research and development. Considering how it is expected […]
Put merely; the default can be used for when a party to an agreement violated that agreement, while tort can be used when someone broke the law and it caused injury/damages to someone else.
Indonesian Covid-19 Response Acceleration Task Force has issued a new Circular Letter as a national guideline and reference which is CL No. 7 of 2020 on Criteria and Requirement for Travel in New Normal Adaptation Period towards Productive and Safe from Corona Virus Disease 2019 (Covid-19) Society.
“The purpose of POJK 18/2020 is to regulate the mechanism and procedure of written orders given to the banks. A written request contains some of the corporate actions which are conducting and receiving the consolidation, merger, acquisition, and/or integration.”
“POJK 16/2020 has made its possibility for public-listed companies to conduct General Meeting of Shareholders via an electronic mechanism.”
General Directorate of Immigration, Ministry of Law and Human Rights has stipulated Circular Letter Number IMI-GR.01.01-2493 of 2020 (“CL 2493/2020”) on Expansion of Circular Letter Number IMI-GR.01.01-2325 of 2020 on Temporary Suspension for Foreigners To Enter Republic of Indonesia Territory. The mentioned circular letter has stipulated additional provisions on entry permit procedures for Limited Stay […]