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COMPASS evaluates EP applications based on a holistic set of individual attributes (i.e. wage, qualifications, being on the Shortage Occupation List ) and firm-related attributes (i.e. variety, assist for local employment, assembly specific assessment standards on innovation, or internationalisation activities). Development of Nusantara, the name of the model new capital metropolis of Indonesia, shall be led by a special authority with the power to, amongst others, concern funding licensing and supply amenities to parties supporting financing for the needs of preparation and relocation of the capital city. The particular authority of Nusantara will start working no later than the top of 2022. Our attorneys have authored or co-authored a quantity of newsletters, articles, books and other materials covering a variety of legal areas to address the latest legal developments and more and more numerous and sophisticated points.

Legal Update

Background checks are not expressly regulated by Indonesian employment laws, and certain background checks are subject to the consent of the applicant in apply. OJK Raises Corporate Governance Standards Imposed on Public Companies The Indonesian Financial Services Authority enacted a rule on the implementation of public corporations’ company governance tips which set a brand new standard of company governance follow for public corporations. Indonesian Regulatory Framework for Real Estate Investment Funds In late 2015, the Indonesian Minister of Finance issued a regulation to encourage the expansion of real property investment funding in the type of Collective Investment Contracts. Guide to Benefits in Indonesia In 2011, the Indonesian government reformed its National Social Security System and handed Law No. 24 on the Social Security Organising Body to assist meet the essential wants of the country’s inhabitants.

Thailands New Regulation On Telemedicine Service Standards In Medical Services

Terminating an Employment Relationship in Indonesia Under Law No. 13 of 2003 relating to Labor (the “Labor Law”) and different prevailing labor laws and laws, employment-at-will and termination upon simple discover are not recognized in Indonesia. 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 part of efforts to check the spread of the virus, the Indonesian government has implemented a policy of Large-Scale Social Restrictions (Pembatasan Sosial Berskala Besar or “PSBB”), requiring most businesses to cease or no less than pare down activities.

Refinements Of The Brand New Round Of Employment Help Scheme

Given this context, this legal update supplies an overview of the latest modifications to franchising regulations issued by the Ministry of Trade. Indonesian Financial Services Authority in Review This legal update seems at some of the regulatory modifications which have been introduced for the explanation that Financial Services Authority took over supervision of the capital markets, non-bank financial institutions and banking sectors prior to 2014. Protection of Privacy in Indonesia Article 28 is taken into account the idea for more particular knowledge privacy laws. However, there is not any specific regulation in Indonesia that regulates respect for private and household life.

Collective Settlement Underneath The Provisions Of The Jordanian Labor Law No Eight Of 1996 As Amended

A New Regulation on Intellectual Property License Agreement Recordal The prevailing mental property laws in Indonesia stipulate that it is mandatory to document an IP license agreement with the Directorate General of IP. In the absence of recordal, an IP license settlement is deemed to be not binding on any third celebration. General Meeting of Shareholders in Indonesia Limited liability companies in Indonesia must maintain an annual basic meeting of shareholders at least six months after the tip of their financial yr. The AGMS must talk about and approve the annual report submitted by the Board of Directors, which must include a financial report amongst other details. Proposal to Revoke Five Business Permits in Indonesia On sixteenth March 2016, Indonesian President Joko Widodo announced a plan to simplify business licensing in Indonesia by revoking 5 current business permits issued on the regional stage. 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 energy projects, Regulation No. 9 of 2016 on the Procedures for the Supply and Determination of Coal Price for Mine Mouth Power Plants.

The Indonesian Government Resumes Discussions on Over-The-Top Regulation The 2017 Draft OTT Regulation intends to drive Over The Top utility and content service suppliers to determine presence in Indonesia, to guard public interest and guarantee certainty of consumer protection. Data Protection Rules and Principles in Indonesia Several obligations should be fulfilled by digital system providers in Indonesia under MOCI Regulation No. 20 of 2016 to ensure that personal knowledge is processed properly. New Abandonment and Site Restoration Obligations Upstream Oil and Gas Activities Indonesia’s Minister of Energy and Mineral Resources has regulated abandonment and site restoration activities, or post-operation actions, for the upstream oil and fuel sector.

Supervisors Legal Updateis a fast-read, four-page print publication designed to help supervisors – together with human sources managers – navigate the legal minefield the office has become. This version of our Luxembourg Legal Update covers, amongst different subjects, the Law 17 December 2010 on Undertakings for Collective Investments and the model new judicial procedures regarding public contracts. This edition of our Luxembourg Legal Update covers, amongst different matters, Bill N° 6398 on the modification of the Insurance Sector Law and the Grand Ducal Regulation of 14 December on the new mandatory procedure for the filing of economic information with the Luxembourg register of commerce. This version covers, amongst other subjects, the Law of 11 October 2016 on the reform of the parental go away, the Law of 23 July 2016 on the new form of simplified S.à.r.l. This version covers, amongst different subjects, the most recent developments referring to the finish result of the 23 June 2016 referendum in the UK.