Legal Update I

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  • Having a deep understanding of our purchasers’ industries and the challenges that they face is key to delivering wonderful legal recommendation.
  • Establishing a Presence in Indonesia from Abroad The most common choice for an overseas company as a foreign investor to establish a presence in Indonesia is by establishing a limited liability company (Perseroan Terbatas ) with international possession .
  • PLN Issues 10-Year Electricity Supply Business Plan for The Electricity Supply Business Plan for of the Indonesian state-owned energy utility agency, PT PLN , has been issued and permitted by the Minister of Energy and Mineral Resources through Decree No. 5899K/20/MEM/2016.

In the absence of recordal, an IP license agreement is deemed to be not binding on any third party. Indonesia’s Economic Stimulus Packages Between September 2015 and March 2016, the Indonesian central government launched eleven economic stimulus packages, which taken together are generally known as Jokowi’s Economic Package . The following is a abstract of the packages which were released as of this article. Indonesia Foreign Investment – The 2016 Negative List The government has enacted a brand new Negative Investment List underneath Presidential Regulation No. 44 of 2016, which became 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. 40 of 2007 concerning Limited Liability Companies) regulates how firms operate their companies in Indonesia. PLN Issues 10-Year Electricity Supply Business Plan for The Electricity Supply Business Plan for of the Indonesian state-owned power utility agency, PT PLN , has been issued and approved by the Minister of Energy and Mineral Resources through Decree No. 5899K/20/MEM/2016.

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Sign up for the GBG Indonesia Quarterly Business Intelligence Report for the newest information in your sector. SSEK’s Winnie Rolindrawan and Harry Kuswara have contributed the Indonesia chapter to the Lexology Getting the Deal Through Fintech 2021 international information, the place they supply an outline of the latest legislative and regulatory developments affecting this burgeoning industry. SSEK’s Denny Rahmansyah and Greita Anggraeni have contributed the Indonesia chapter to the Lexology Getting the Deal Through Real Estate 2021 global information, where they handle essential questions in key areas of actual property law. SSEK’s Fahrul S. Yusuf and Syahdan Z. Aziz recently sat down with the Employment Law Alliance to discuss Government Regulation No. 35 of 2021, which offers with termination, fastened-term employment, outsourcing, working hours and relaxation times. Cekindo as a part of InCorp Group is a number one consulting agency of Market-Entry and Corporate secretarial companies to shoppers increasing and operating in Indonesia, Vietnam and additional to Asia Pacific.

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Franchise Law in Indonesia When the government introduced numerous latest financial coverage packages in an effort to stimulate the economic system, none of the policy packages centered on the franchising sector. The First Bancassurance Regulation from the Insurance Arm of the OJK On thirtieth 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 within the midst of preparing a FPT software will need to restart the applying course of.

Legal Update