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Terminating an Employment Relationship in Indonesia Under Law No. thirteen of 2003 regarding Labor (the “Labor Law”) and different prevailing labor laws and rules, employment-at-will and termination upon simple discover aren’t recognized in Indonesia. Indonesian Bankruptcy and PKPU Proceedings in a Time of COVID-19 The COVID-19 pandemic has brought on more financial hurt to Indonesia than the subprime mortgage crisis in 2008. As part of efforts to examine the spread of the virus, the Indonesian authorities has implemented a policy of Large-Scale Social Restrictions (Pembatasan Sosial Berskala Besar or “PSBB”), requiring most companies to cease or no much less than pare down activities.

Legal Update

A New Regulation on Intellectual Property License Agreement Recordal The prevailing intellectual property legal guidelines in Indonesia stipulate that it’s obligatory to report an IP license settlement 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 legal responsibility corporations in Indonesia must hold an annual common meeting of shareholders no much less than six months after the end of their financial yr. The AGMS should focus on and approve the annual report submitted by the Board of Directors, which must consist of a financial report amongst different particulars. Proposal to Revoke Five Business Permits in Indonesia On sixteenth March 2016, Indonesian President Joko Widodo introduced a plan to simplify enterprise licensing in Indonesia by revoking five current business permits issued at the regional level. 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.

Federal Treasurer Makes New Legislative Instrument Temporarily Amending Firms Act Requirements As A Outcome Of Influence Of Covid

Background checks aren’t expressly regulated by Indonesian employment legal guidelines, and sure background checks are topic to the consent of the applicant in follow. 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 pointers which set a new commonplace of company governance follow for public firms. Indonesian Regulatory Framework for Real Estate Investment Funds In late 2015, the Indonesian Minister of Finance issued a regulation to encourage the expansion of actual estate investment funding within the form of Collective Investment Contracts. Guide to Benefits in Indonesia In 2011, the Indonesian authorities reformed its National Social Security System and handed Law No. 24 on the Social Security Organising Body to assist meet the basic wants of the country’s population.

Medico Legal Update Vol 20 No 1

The Indonesian Government Resumes Discussions on Over-The-Top Regulation The 2017 Draft OTT Regulation intends to drive Over The Top application and content service suppliers to establish presence in Indonesia, to guard public interest and ensure certainty of shopper protection. Data Protection Rules and Principles in Indonesia Several obligations must be fulfilled by digital system providers in Indonesia under MOCI Regulation No. 20 of 2016 to ensure that private 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 gasoline sector.

Integrity Legal Update : Perubahan Kompetensi Permohonan Fiktif Positif Pasca Berlakunya Omnibus Law

Supervisors Legal Updateis a fast-read, four-page print newsletter designed to assist supervisors – together with human assets managers – navigate the legal minefield the workplace has turn out to be. This edition of our Luxembourg Legal Update covers, amongst other topics, 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 different topics, Bill N° 6398 on the modification of the Insurance Sector Law and the Grand Ducal Regulation of 14 December on the brand new mandatory procedure for the filing of monetary info with the Luxembourg register of commerce. This edition covers, amongst other matters, the Law of eleven 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 edition covers, amongst different topics, the newest developments relating to the outcome of the 23 June 2016 referendum in the UK.