The Legal Update

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

  • Mr. Karen’s practice is diverse, representing clients on matters regarding banking regulations, Dodd Frank financial reform legal guidelines, contractual disputes, employment and labor statutes, wage-hour class actions, employment discrimination and honest lending issues, whistleblower complaints and non-competition claims, amongst others.
  • Indonesian Financial Services Authority in Review This legal update seems at some of the regulatory modifications that have been launched because the Financial Services Authority took over supervision of the capital markets, non-bank financial establishments and banking sectors prior to 2014.
  • The transmission and receipt of information on the net website don’t type or constitute an attorney-client relationship.
  • As international organizations, overseas investment firms usually are not only required to comply with the laws and laws of the country of origin of their parent corporations but in addition with relevant legal guidelines and laws in Indonesia.

Sign up for the GBG Indonesia Quarterly Business Intelligence Report for the most recent information in your sector. The SJR is a size-independent status indicator that ranks journals by their ‘common prestige per article’. The government sees the transformation of the BKPM into a ministry as a needed improve to boost and improve the ease of doing business in Indonesia. SSEK associate Stephen Igor Warokka discusses the necessities for a corporation to make use of a distant employee in Indonesia, variations between employees and contractors, why Indonesia is considered extra employee-friendly than different jurisdictions.

Legal Updates

Bank Indonesia Sets New Limits for the Provision of E-Money Bank Indonesia issued a regulation on e-money that stipulates numerous necessities and prohibitions that had been previously unregulated. BKPM Stops Issuing Licenses On twenty first June, the government issued Regulation No. 24 of 2018 on Electronic Integrated Business Licensing Services. As a consequence, the BKPM will temporarily droop the processing and issuing of licenses and will transition to a nationwide Online Single Submission system. Tax for E-Commerce Trade to be Set in April The government lately issued a suggestion to impose taxes on on-line transactions done by way of e-commerce platforms/businesses following the newly issued regulation on taxation for e-commerce commerce. Background Checks Under Indonesian Employment Law Employers in Indonesia frequently carry out background checks on applicants. IDX Issues New Listing Rule The Indonesia Stock Exchange has issued a brand new itemizing rule for shares and equity-type securities.

Legal Update

The Indonesia Q&A guide addresses matters corresponding to self-regulation, press releases, gifts, samples, grants or donations, anti-bribery rules, regulatory authorities and courts. four.Licensing PolicyArticles in Medico-legal Update journal are Open Access articles revealed under the Creative Commons CC BY License Creative Commons AttributionCreative Commons Attribution . This license permits use, distribution and reproduction in any medium, offered the original work and source is properly cited. This is an open access journal which implies that all content is freely obtainable with out charge to the person or his/her establishment. Users are allowed to learn, obtain, copy, distribute, print, search, or link to the total texts of the articles, or use them for some other lawful function, with out asking prior permission from the writer or the creator.

Canadian School Of Development Legal Professionals Legal Update

Lender Legal Update is a month-to-month half-hour call-in to address the most recent 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 look at the most recent trends, strategies, and practices impacting the lending industry. This listen-only session discusses the impression these tendencies may have on a lender’s enterprise, the potential solutions, and alternatives. Assembly Bill (“AB”) 361, signed into legislation on September sixteen, 2021, amends Government Code part to offer authority and specific requirements for public businesses to carry digital meetings during a proclaimed state of emergency and remain in compliance with the Brown Act (Gov. Code §§ et seq.).

Guide to Benefits in Indonesia In 2011, the Indonesian authorities reformed its National Social Security System and passed Law No. 24 on the Social Security Organising Body to assist meet the fundamental wants of the country’s population. Companies in Indonesia are required to register workers within the Indonesian government’s employment social security programmes. New Online Registration System Transforms Franchise Application Process The Ministry of Trade (“MOT”) has launched a brand new platform for the registration of a selection of licenses including the franchise registration certificates.

New Indonesian Mine Mouth Coal Pricing Regulation Introduces Pricing Flexibility On 4th April 2016, the Minister of Energy and Mineral Resources issued a new regulation on coal pricing for mine mouth power initiatives, Regulation No. 9 of 2016 on the Procedures for the Supply and Determination of Coal Price for Mine Mouth Power Plants. Regulatory Developments within the Indonesian Banking Industry The Financial Services Authority has had regulatory authority over Indonesian banks, except Bank Indonesia (“BI”), since thirty first December 2013, as stipulated beneath Law No. 21 of 2011 regarding the Financial Services Authority. Indonesia’s worldwide funding policy has been in the highlight since the Government of Indonesia conveyed in 2014 its intention to terminate all of its current bilateral investment treaties. Indonesia Introduces New Solar Power Regime In 2013, the Indonesian authorities first introduced a solar energy regulatory regime which required the federal government to publish solar power quota allocations for numerous components 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 adjustments the registration process of drugs.

The alert has been issued, nevertheless, after the Commission has identified specific areas of threat by evaluation of latest safeguarding severe incident reviews, and in recognition of the fact that sure safeguarding challenges experienced by charities working internationally have been introduced into the highlight on account of the pandemic. The Charity Commission, nevertheless, agreed to a substantial number of filing extensions for charities that have been unable to file in time for reasons associated to the COVID-19, as a half of its flexible and supportive strategy to regulation in response to the pandemic. A charity usually has to submit its annual return to the Commission inside ten months of the end of its monetary 12 months – for example, if the end of a charity’s monetary year corresponds with the tip of the calendar yr, this means that its annual return should be submitted earlier than the end of the following October. Charities granted an extension to file their annual return, report and accounts by the Charity Commission previous to 30 June 2021 now have till 30 September 2021 to file those documents, according to the Commission’s up to date coronavirus steerage.