Legal Update For Government Attorneys Webcast

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  • The newly-issued MOF 129/2016 introduces further provisions with the said aim of bettering efficiency and effectiveness.
  • Bank Indonesia Sets New Limits for the Provision of E-Money Bank Indonesia issued a regulation on e-cash that stipulates a variety of requirements and prohibitions that have been beforehand unregulated.
  • Downsizing in Indonesia There has been appreciable confusion about whether or not employers in Indonesia are allowed to downsize a part of their workforce for effectivity reasons.
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Evolution of the variety of total citation per document and external quotation per document (i.e. journal self-citations removed) received by a journal’s printed paperwork through the three earlier years. External citations are calculated by subtracting the variety of self-citations from the whole variety of citations received by the journal’s documents. Journal Self-citation is defined because the variety of citation from a journal citing article to articles revealed by the same journal.

Employment Practices Audits

Franchise Law in Indonesia When the federal government introduced a number of recent economic policy packages in an effort to stimulate the financial system, none of the policy packages focused on the franchising sector. The First Bancassurance Regulation from the Insurance Arm of the OJK On 30th August 2016, the Financial Services Authority issued Circular Letter No. 32/SEOJK.05/2016 on the distribution channel of insurance products in cooperation with banks. How Circular Letter on New Fit and Proper Test Rules Affects Insurers On 30th August 2016, the Financial Services Authority issued Circular Letter No.31/SEOJK.05/2016 on Fit and Proper Test for Financial Services Institutions Primary Parties which took effect on the same date. Insurance corporations which are in the midst of making ready a FPT utility might want to restart the application process.

Services supplied by a member agency are ruled by the terms of engagement between the member firm and the consumer. Ratio of a journal’s objects, grouped in three years windows, which have been cited at least once vs. these not cited during the following 12 months. Not every article in a journal is taken into account primary research and therefore “citable”, this chart exhibits the ratio of a journal’s articles together with substantial analysis in three yr windows vs. these documents other than analysis articles, reviews and conference papers. International Collaboration accounts for the articles which were produced by researchers from several countries. The chart shows the ratio of a journal’s documents signed by researchers from a couple of nation; that’s including multiple nation address.

The newly-issued MOF 129/2016 introduces additional provisions with the stated purpose of enhancing effectivity and effectiveness. The OJK Issues New Regulation on Good Corporate Governance On 23rd December 2016, the Financial Services Authority (“OJK”) issued Regulation 73/POJK.05/2016 on Good Corporate Governance (“GCG”) for Insurance Companies (“Regulation seventy three”). Bank Indonesia Issues Rules for Payment System Service Providers Bank Indonesia (“BI”) has issued BI Circular Letter No. 18/41/DKSP on licensing procedures and requirements associated to fee system transactions in Indonesia. The Circular Letter primarily considerations licensing procedures and necessities set by BI for numerous Payment System Service Providers. OJK Issues Rule on Reporting of Share Ownership in Public Companies On 14th March 2017, the Financial Services Authority (“OJK”) issued OJK Rule No. eleven/POJK.04/2017 on Reporting of Share Ownership in Public Companies.

French Administrative Supreme Court Rejects Attraction By An Worker Representative Body In Relation To A Merger Approval

In the absence of recordal, an IP license settlement is deemed to be not binding on any third get together. Indonesia’s Economic Stimulus Packages Between September 2015 and March 2016, the Indonesian central authorities launched eleven economic stimulus packages, which taken collectively are known as Jokowi’s Economic Package . The following is a summary of the packages that have been launched as of this text. Indonesia Foreign Investment – The 2016 Negative List The government has enacted a new Negative Investment List under Presidential Regulation No. forty four of 2016, which grew to become effective on 18 May 2016 and revokes the previous Negative Investment List stipulated beneath Presidential Regulation No. 39 of 2014. Indonesia’s Company Law and Changes to Corporate Organs Indonesia’s Company Law (Law No. forty of 2007 regarding Limited Liability Companies) regulates how corporations function their corporations in Indonesia. PLN Issues 10-Year Electricity Supply Business Plan for The Electricity Supply Business Plan for of the Indonesian state-owned power utility firm, PT PLN , has been issued and approved by the Minister of Energy and Mineral Resources through Decree No. 5899K/20/MEM/2016.

Legal Update

For extra on the type of testing, the advantages to it, whether it may be made obligatory, the information safety implications, cost of employees who’re self-isolating following a office check, and Government help available, read our article. The Commission opened a regulatory compliance case in September 2020, after receiving three complaints in relation to the report, based on the response to an FOI request made by Third Sector. In the light of those complaints, in addition to criticism of the charity on social media, it decided that the “considerations required examination because they’d the potential to break significantly the charity’s popularity and undermine belief and confidence in charities extra broadly”. In a press release printed yesterday, the Charity Commission confirmed that the National Trust didn’t breach charity regulation and so there have been no grounds for any regulatory motion.

Minimal Received Shareholding Rules Revealed

Sign up for the GBG Indonesia Quarterly Business Intelligence Report for the newest news in your sector. SSEK’s Winnie Rolindrawan and Harry Kuswara have contributed the Indonesia chapter to the Lexology Getting the Deal Through Fintech 2021 world guide, the place they supply an outline of the most recent legislative and regulatory developments affecting this burgeoning business. SSEK’s Denny Rahmansyah and Greita Anggraeni have contributed the Indonesia chapter to the Lexology Getting the Deal Through Real Estate 2021 world guide, where they tackle crucial questions in key areas of actual estate law. SSEK’s Fahrul S. Yusuf and Syahdan Z. Aziz just lately sat down with the Employment Law Alliance to debate Government Regulation No. 35 of 2021, which deals with termination, fixed-term employment, outsourcing, working hours and rest instances. Cekindo as part of InCorp Group is a number one consulting agency of Market-Entry and Corporate secretarial providers to shoppers expanding and working in Indonesia, Vietnam and further to Asia Pacific.