New Indonesian Mine Mouth Coal Pricing Regulation Introduces Pricing Flexibility On 4th April 2016, the Minister of Energy and Mineral Resources issued a model new regulation on coal pricing for mine mouth energy tasks, Regulation No. 9 of 2016 on the Procedures for the Supply and Determination of Coal Price for Mine Mouth Power Plants. Regulatory Developments in the Indonesian Banking Industry The Financial Services Authority has had regulatory authority over Indonesian banks, except Bank Indonesia (“BI”), since 31st December 2013, as stipulated beneath Law No. 21 of 2011 regarding the Financial Services Authority. Indonesia’s international funding coverage has been within the spotlight for the rationale that Government of Indonesia conveyed in 2014 its intention to terminate all of its existing bilateral funding treaties. Indonesia Introduces New Solar Power Regime In 2013, the Indonesian authorities first launched a solar power regulatory regime which required the federal government to publish solar energy quota allocations for numerous parts of Indonesia. However, the Indonesian Supreme Court struck down this 2013 framework as being inconsistent. BPOM Simplifies Drug Registration Process On 4th August 2016, the Food and Drug Supervisory Agency enacted a brand new regulation which modifications the registration course of of medicine.

This regulation introduced a quantity of important modifications to the sector with regards to subjects similar to native shareholding requirements. Foreign Investment Restrictions Restrictions on foreign shareholders in Indonesia are set out within the Negative Investment List contained in Presidential Regulation No. 39 of 2014 outlining the record of business fields that are closed and enterprise fields that are open with requirements for investment. Indonesian Regulatory Framework for Real Estate Investment Funds In late 2015, the Indonesian Minister of Finance issued a regulation to encourage the expansion of real estate investment funding in the type of Collective Investment Contracts. Franchise Law in Indonesia When the government introduced numerous latest financial coverage packages in an effort to stimulate the economic system, not one of the coverage packages targeted on the franchising sector.

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Launching of Electronic-Based Intellectual Property Services in Indonesia The Ministry of Law and Human Rights officially launched electronic- based intellectual property companies on twenty ninth December 2016. The electronic submitting system allows IP consultants to file purposes at any time on-line without being constrained by the limited opening hours of the Intellectual Property Office. Indonesia Extends Cabotage Exemption The Indonesian Shipping Law and its implementing rules comprise Indonesia’s cabotage rules, requiring that domestic sea transportation be carried out by an Indonesian shipping company using an Indonesian-flagged vessel and an Indonesian crew.

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• The Commission, however, warns charity trustees who make such a call a couple of charity’s meeting that different people with an interest in the charity may disagree with their choice.
• Ari Karen is an experienced litigator and speaker who has centered his follow in representing monetary establishments in each government investigations and litigation before state and federal trial and appellate courts nationwide.
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• A recent choice from the Employment Appeal Tribunal in relation to the third requirement compromised in the responsibility to make cheap changes in the Equality Act 2010 could provide charity employers with a helpful reminder of the existence of this requirement.

Lender Legal Update is a month-to-month half-hour call-in to address the newest regulatory and legal info from a sensible enterprise perspective. In this information-packed half-hour, Ari Karen and Daniella Casseres, attorneys with the Offit Kurman Financial Institutions Regulatory group, will study the newest developments, methods, and practices impacting the lending industry. This listen-only session discusses the influence these developments might have on a lender’s business, the potential options, and alternatives. Assembly Bill (“AB”) 361, signed into regulation on September 16, 2021, amends Government Code part to supply authority and specific necessities for public companies to carry virtual meetings throughout a proclaimed state of emergency and stay in compliance with the Brown Act (Gov. Code §§ et seq.).

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These laws update existing rules issued by BI with the goal of making a healthy foreign change market in Indonesia, as is defined on this brief abstract. Indonesian Language Law from the Perspective of the Courts In 2013, the West Jakarta District Court issued a groundbreaking decision that captured the attention of the business community in stipulating that the Indonesian language have to be used in industrial agreements with Indonesian businesses and companies. New Regulation Prohibits Manufacturers from Importing Industrial/Finished Goods As part of the government’s financial deregulation package issued on 9th September 2015, the Ministry of Trade has issued another new regulation on imports. This new regulation removes the provision which allowed holders of Producer Importer Identification Numbers to import sure industrial/finished items. Regulation eighty five introduces the idea of Bonded Logistics Centres as one sort of Bonded Storage Places in Indonesia.