Insurance Companies Must Follow Requirement on Ultimate Shareholders The Indonesian Insurance Law introduced a significant change concerning the shareholding composition of insurance firms. The Insurance Law mandates that the native shareholders in an insurance firm must be ultimately owned by Indonesian individuals. Indonesia Launches New Economic Policy Package On 31st August 2017, President Joko Widodo enacted the 16th financial policy package, which goals to improve the convenience of doing enterprise in Indonesia by offering measures to speed up issuance of enterprise licenses and permits on the central and regional ranges. Data Protection in Indonesia’s Financial Services Sector Minister of Communication and Informatics Regulation No.20 of 2016 strengthens the obligations to guard the non-public and financial data of consumers by providers of electronic systems.

New OJK Rule on Public Accountants and Public Accountant Offices The issuance of this new rule has an impression on the engagement of external auditors by publicly-listed corporations given that public companies are one of the topics being regulated and supervised by OJK. ESDM Regulation forty two and Oil and Gas Companies On 14th July 2017, the Minister of Energy and Mineral Resources published Regulation No. 42 of 2017 (Reg. 42). Indonesia Looks to Simplify Business Licensing With OSS System As part of the push by the administration of President Joko Widodo to enhance the ease of doing business in Indonesia and increase investment, the federal government has issued Government Regulation Number 24 of 2018 regarding Online Business Licensing Services . Employee Data Privacy in Indonesia The Indonesian Minister of Communication and Informatics relatively recently issued MOCI Regulation No. 20 of 2016 regarding the Protection of Personal Data in Electronic Systems , which stipulates the protections afforded to private information saved in an digital system. In this edition we offer you the most recent in legal updates, news and perception from the sector. Not each article in a journal is considered primary analysis and due to this fact “citable”, this chart exhibits the ratio of a journal’s articles including substantial analysis in three yr windows vs. those documents apart from research articles, reviews and conference papers.

© 2021 KPMG Česká republika, s.r.o., a Czech restricted legal responsibility company and a member firm of the KPMG world organization of independent member companies affiliated with KPMG International Limited, a non-public English firm limited by assure. Legal specialists will present an update post-completion of Brexit, bearing the Covid-19 state of affairs in thoughts, from a Data Protection, Banking and Finance, Corporate and Employment law perspective. This multijurisdiction deal was a major international acquisition for an Indonesian consumer merchandise company in a 12 months that has been roiled by COVID-19. Charities still encountering difficulties with meeting submitting commitments on account of the pandemic and with a submitting date between 1 July and 30 September 2021, can nonetheless apply for a filing extension, according to the updated steerage – but any extension granted shall be for a set period of three months from the date of the applying. In such instances, the trustees of the charity should ensure they will reveal that their choice is in one of the best pursuits of the charity bearing in mind all of the circumstances. Next steps for charities will depend upon whether or not they want to retain the flexibleness from which they have benefited on this respect during the last 12 months or so, and, in that case, whether or not they’re able to amend their governing documents.

N°6624 of four October 2013 on the reform of the businesses and associations’ legal publication rules, Bill N°6624 of four October 2013 on the lock-up mechanism of bearer shares and units and important case legislation on Article 100 of the Companies Law. This version covers, amongst other matters, Reserved Alternative Investment Funds and the Law of 18 December 2015 amending sure provisions of the Companies Law, the Law on the Register of Commerce and Annual Accounts and the Luxembourg industrial code. At Drew & Napier, we offer legal updates and publications on the newest legal and regulatory developments that matter to our clients and friends. This work is licenced underneath the CanLII person licence which includes the right of the User to make copies of the work for legal analysis purposes, in the follow of legislation or in the exercise of their legal rights.

Suicide, A New Menace To The Rule Of Law

The Indonesian Government Resumes Discussions on Over-The-Top Regulation The 2017 Draft OTT Regulation intends to force Over The Top application and content service suppliers to determine presence in Indonesia, to guard public interest and ensure certainty of client safety. New Regulation on Marketing Authorization for Medical Devices and Supplies The Minister of Health issued Regulation No. 62 of 2017 on Marketing Authorization for Medical Devices and Supplies to harmonize Indonesian rules with ASEAN and world rules on medical units. Foreign Employees and Termination Benefits in Indonesia Supreme Court Circular Letter No. 1 of 2017 provides legal certainty that foreigners can solely be employed in Indonesia underneath a fixed-term employment settlement for the interval of their work permit. SEMA No. 1 eliminates any possible future claims that foreign workers are everlasting staff and thus enjoy statutory termination advantages beneath the Manpower Law.

• Medicare program; revisions to payment policies beneath the doctor fee schedule for calendar year 2003 and inclusion of registered nurses in the personnel provision of the crucial entry hospital emergency providers requirement for frontier areas and distant locations.
• Charity Legal Update offers you updated information on the latest legal and policy choices affecting the charity sector.
• ESDM Regulation forty two and Oil and Gas Companies On 14th July 2017, the Minister of Energy and Mineral Resources revealed Regulation No. forty two of 2017 (Reg. 42).
• A variety of charities are in the position of holding residential property affected by fire issues of safety, especially in relation to cladding, and may be following the progress of the Building Safety Bill via Parliament.
• Franchise Law in Indonesia When the government launched a number of recent financial policy packages in an effort to stimulate the economy, none of the policy packages targeted on the franchising sector.

The guide also covers points related to information subject rights, data protection officers, impact assessments, knowledge breach notification requirements, and cross border information transfers. The use of non-public data in advertising can also be thought of, with particular data on digital advertising rules, cookies, and marketing to companies and shoppers. Multilaw is a world network of fastidiously chosen, independent legislation corporations consisting of over 10,000 business lawyers in additional than 100 international locations, in a position to present expert legal advice in complicated environments around the globe. Luxembourg’s Legal Update newsletters provide a compact abstract and steerage on the brand new legal issues that would impression your business, significantly in relation to banking, finance, capital markets, company, litigation, employment, funds, funding administration and tax legislation. Indonesia Omnibus Law – Changes to the Company Law Indonesia’s intently watched omnibus jobs creation bill just lately turned law.

Banking & Finance

Data Categorization for Electronic System Operators Providing Public Services The MOCI has issued a draft amendment to Government Regulation No. eighty two of 2012 which requires digital system operators offering public services to have onshore data facilities and catastrophe recovery facilities. To obtain invitations to our occasions, in addition to info and articles on legal points and sector developments which are of curiosity to you, please sign as a lot as Newsroom. Our six-monthly legal update report is designed to allow you to proactively handle legal points by providing an update on relevant legal points from the earlier six months and highlighting issues which should be recognized or addressed in the forthcoming six months.

Taking the Temperature of Indonesia’s Geothermal Regulatory Climate Indonesia’s geothermal sources are among the many largest on the planet, with around forty percent of the global geothermal sources, and the federal government has intensified its efforts to encourage geothermal energy growth. In Indonesia, New Licensing Rules for Imports and Exports The Government of Indonesia has lately issued a package of financial insurance policies designed to take away irrelevant requirements and to decontrol and spur the expansion of the Indonesian economic system. Real Estate Disputes in Indonesia There isn’t any arbitration facility or course of particularly designed to accommodate real property issues underneath Indonesian law. Disputes related to actual property are treated in an analogous method as any other dispute in Indonesia. Enactment of the New Trademark and Geographical Indication Law Indonesia recently enacted the new Trademark and Geographical Indication Law which is ready to replace Law No. 15 of 2001.

Issues mentioned include motivation for wholesome sleep, impact of sleep on cardiovascular, psychological, weight and immune system standing, circadian rhythm variety, problems and delay, CBT, dietary supplements for sleep and wakefulness, and more. Anesthesiologist and practice administration lecturer and writer, David J. Norris, MD, MBA, CPE,dissects the which means and elements of service, processes enabling it and approaches to enhancing each. Areas lined include influencers of expectations, the zone of tolerance, service quality and satisfaction components, the Herzberg mannequin, emotion mapping, buyer experience analysis, bottlenecks, coping with complaints and extra. Planning for a snug retirement ranks as a top of professional financial objective and supply of stress. Attorney and monetary planning professional, David B. Mandell, JD, MBA, evaluations retirement planning techniques and automobiles, factors impacting their relative efficacy, related liability pitfalls in addition to approaches to efficiently exiting a professional practice, all with an eye fixed towards optimizing long term skilled economic security. Topics mentioned embrace certified and non-qualified plans, tax diversification, bundled funds, fiduciary legal responsibility, adjusted EBITDA, income source diversification, and different practice sale fashions.