An application to annul an arbitral award may be made if the award is alleged to contain the following elements: (a) letters or documents submitted in the hearings which are admitted to be forged or are declared to be forgeries after the award has been rendered; (b) documents are found after the award has been […]
Investment Activity Report (LKPM) is an obligation for every business actor. Reporting on investment activities is divided based on the scale of the business which is every 6 months for small business actors, every 3 months for medium and large business actors. Reporting on this activity is excluded for micro business actors, companies in the […]
“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, […]
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