The newly-issued Third Amendment introduces a provision that allows Regional-Owned Enterprises the identical treatment as State-Owned Enterprises. New Law Introduces Trademark Filing Procedure and Renewal Grace Period The new Trademark and Geographical Indication Law has recently been launched as Law No. 20 of 2016. BKPM Supports Indonesian Tax Amnesty Programs by Issuing a Facilitating Regulation On twenty eighth October 2016, the Head of the Capital Investment Coordinating Board issued Regulation No. eight of 2016 (“Regulation 8”), which immediately went into impact. Regulation 8 was issued to help the tax amnesty programmes initiated by the Indonesian government. New Online Registration System Transforms Franchise Application Process The Ministry of Trade (“MOT”) has launched a new platform for the registration of a selection of licenses including the franchise registration certificate. Indonesia Extends Cabotage Exemption The Indonesian Shipping Law and its implementing laws include Indonesia’s cabotage rules, requiring that home sea transportation be carried out by an Indonesian transport company using an Indonesian-flagged vessel and an Indonesian crew.
Indonesian Language Law from the Perspective of the Courts In 2013, the West Jakarta District Court issued a groundbreaking choice that captured the eye of the enterprise neighborhood in stipulating that the Indonesian language have to be utilized in commercial agreements with Indonesian companies and companies. An Eye on PPP in Indonesia With the intention to improve the event of PPP initiatives in Indonesia and to make PPP arrangements extra interesting to traders, the Government lately issued Presidential Regulation No. 38 of 2015 concerning Cooperation between the Government and Enterprises in Infrastructure Procurement. Regulation Curbs Power of Local Authorities in Indonesian Mining Sector The Indonesian authorities appears to be getting critical about stripping regents of the authority to concern mining licenses. The authorities took the first steps on this course with Minister of Energy and Mineral Resources Regulation No. 27 of 2013. Indonesia, ASEAN and Investment – A Q&A With increased interest in Indonesia and the approaching completion of the ASEAN Economic Community, foreign investors are looking for a way to do business in Indonesia.
Legal E-newsletter Problem No 06
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- The subsequent step is for the MTC to compile data analysis from each of the other authorities businesses and submit the conclusions to a gathering of the prime minister and the deputy prime ministers earlier than the pilot program is carried out.
- N°6624 of 4 October 2013 on the reform of the businesses and associations’ legal publication rules, Bill N°6624 of 4 October 2013 on the lock-up mechanism of bearer shares and models and essential case legislation on Article one hundred of the Companies Law.
- This indicator counts the variety of citations obtained by paperwork from a journal and divides them by the total variety of paperwork published in that journal.
- Coal Prices for Domestic Power Producers in Indonesia With worldwide coal costs rising, the government has by enacted MEMR Decree No. 1395 K/30/MEM/2018 to regulate the supply of coal for domestic energy producers.
Proposal to Revoke Five Business Permits in Indonesia On sixteenth March 2016, Indonesian President Joko Widodo announced a plan to simplify enterprise licensing in Indonesia by revoking five existing business permits issued on the regional degree. 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 concerning the Financial Services Authority. Indonesia’s international investment policy has been in the spotlight for the rationale that Government of Indonesia conveyed in 2014 its intention to terminate all of its existing bilateral funding treaties. BPOM Simplifies Drug Registration Process On 4th August 2016, the Food and Drug Supervisory Agency enacted a new regulation which adjustments the registration process of medicine. The changes are mirrored in Head of BPOM Regulation No. 17 of 2016 on the Second Amendment of Head of BPOM Regulation No. three of 2011. New Regulation Allows Appointment of ROEs for Construction Projects The Indonesian government recently issued Government Regulation No. fifty four of 2016 relating to the Third Amendment to Government Regulation No. 29 of 2000.
To Jab Or To Not Jab? Covid Vaccination Dilemmas
This regulation introduced a number of important changes to the sector as regards to topics similar to local shareholding necessities. Indonesian Regulatory Framework for Real Estate Investment Funds In late 2015, the Indonesian Minister of Finance issued a regulation to encourage the growth of real property investment funding within the type of Collective Investment Contracts. The Development of Personal Data Protection in Indonesia After months of drafting and deliberation, Indonesia’s Ministry of Communication and Informatics (“MOCI”) in late 2016 issued a long-awaited regulation on the safety of non-public knowledge. Approvals Required for Changes in Shareholding and Board Members of Power and Geothermal Companies These contractual necessities imposed on IPPs by PLN associated to retention of ownership of shares in IPP companies. Aside from contractual restrictions associated with changes in shareholding, neither the PPAs nor the ability sector laws imposed any other restrictions on corporate actions of IPP companies. Indonesia’s New Data Protection Rules Move Toward Passage After a number of information breaches underlined the urgency of comprehensive knowledge protection rules, Indonesia expects to move an information protection law in 2020, despite the continued COVID-19 pandemic and associated lockdowns.
Solar Still Shines On Many Covid
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