Legal Updates

Legal Updates

Protection of Privacy in Indonesia Article 28 is taken into account the premise for extra specific information privateness laws. However, there isn’t a specific legislation in Indonesia that regulates respect for private and household life. As of the time of this writing, essentially the most related regulations for the protection of privacy are associated to non-public information safety. Foreign Investment in Indonesian Real Estate Indonesia’s Agrarian Law provides that foreigners can solely acquire a proper to use title for land if they reside in Indonesia. This update takes inventory of the present legal framework governing foreign investment in Indonesian real property and offers an outline of the expected challenges. Compliance Road Map for Companies in Indonesia Compliance is a crucial issue for overseas funding companies doing enterprise in Indonesia.

  • However, there is not a particular regulation in Indonesia that regulates respect for personal and household life.
  • This version covers, amongst different subjects, the latest developments referring to the Luxembourg jurisdiction.
  • Background checks are not expressly regulated by Indonesian employment laws, and certain background checks are topic to the consent of the applicant in follow.
  • Indonesia Omnibus Law and the Impact on Tax Laws The Indonesian Government recently passed Law No. eleven of 2020 concerning Job Creation (the “Omnibus Law”).

New Ministry of Employment Regulation on Religious Festivity Allowance On 8th March 2016 the Minister of Employment issued Regulation No. 6 of 2016 on Religious Festivity Allowance for Employees in Companies. Indonesia’s Economic Stimulus Packages Between September 2015 and March 2016, the Indonesian central authorities launched 11 financial stimulus packages, which taken collectively are often known as Jokowi’s Economic Package . New Body Set Up to Resolve Disputes in Indonesia’s Construction Sector The Indonesian Centre for Arbitration and Alternative Dispute Resolution for Construction in late 2015 held its first seminar to announce its existence as a dispute decision body in the subject of construction in Indonesia. 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 became effective on 18 May 2016 and revokes the previous Negative Investment List stipulated underneath Presidential Regulation No. 39 of 2014. What You Need to Know about Indonesia’s New Tax Amnesty Law The Indonesian Government just lately issued the long-awaited and anticipated Tax Amnesty Law (Law No. 11 of 2016).

Better Work Jordan Newsletter: January

Coal Prices for Domestic Power Producers in Indonesia With international coal prices rising, the government has by enacted MEMR Decree No. 1395 K/30/MEM/2018 to regulate the supply of coal for home power producers. Bank Indonesia Sets New Limits for the Provision of E-Money Bank Indonesia issued a regulation on e-money that stipulates numerous requirements and prohibitions that have been previously unregulated. IDX Issues New Listing Rule The Indonesia Stock Exchange has issued a brand new listing rule for shares and equity-type securities. The new rule offers new requirements for itemizing on the IDX and clarifies a quantity of gadgets that are not clearly regulated under the old rule. Indonesian Bankruptcy and PKPU Proceedings in a Time of COVID-19 The COVID-19 pandemic has brought on extra financial harm to Indonesia than the subprime mortgage crisis in 2008. As a half of efforts to check the spread of the virus, the Indonesian authorities has applied a policy of Large-Scale Social Restrictions (Pembatasan Sosial Berskala Besar or “PSBB”), requiring most businesses to stop or no much less than pare down actions.

Legal Update

Launching of Electronic-Based Intellectual Property Services in Indonesia The Ministry of Law and Human Rights officially launched electronic- based intellectual property providers on 29th December 2016. The digital submitting system enables IP consultants to file purposes at any time on-line without being constrained by the limited opening hours of the Intellectual Property Office. The OJK Issues New Circular Letter on Micro-insurance Products Circular Letter 9, whereas not in the type of an OJK regulation, now prescribes a detailed manner and method to the distribution and sale of micro-insurance merchandise.

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Employee Data Privacy in Indonesia The Indonesian Minister of Communication and Informatics relatively just lately issued MOCI Regulation No. 20 of 2016 concerning the Protection of Personal Data in Electronic Systems , which stipulates the protections afforded to non-public data saved in an electronic system. Background Checks Under Indonesian Employment Law Employers in Indonesia regularly carry out background checks on applicants. The contents of Law Update usually are not meant to be an different to specific legal advice on any particular person matters. No a half of this publication may be reproduced, distributed, or transmitted in any kind or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the writer, except for individual use and other non-commercial makes use of permitted by copyright law. This edition of our Luxembourg Legal Update covers, amongst different matters, the Law 17 December 2010 on Undertakings for Collective Investments and the brand new judicial procedures regarding public contracts. This edition of our Luxembourg Legal Update covers, amongst other subjects, the Law of 28 October 2011 on the implementation of the credit rating company regulation, the Law of two September 2011 on business licenses and the Law of 28 October 2011 on remuneration insurance policies in the Financial Sector.

Real Estate Disputes in Indonesia There isn’t any arbitration facility or course of specifically designed to accommodate real estate issues underneath Indonesian regulation. Disputes related to real estate are treated in an analogous method as some other dispute in Indonesia. Enactment of the New Trademark and Geographical Indication Law Indonesia lately enacted the model new Trademark and Geographical Indication Law which can replace Law No. 15 of 2001. The new law will provide safety to broader types of trademark, in addition to make it more time and cost-efficient for trademark homeowners to obtain registration licences in Indonesia.