This is an open access journal which signifies that all content is freely obtainable without cost to the person or his/her institution. Users are allowed to learn, obtain, copy, distribute, print, search, or link to the full texts of the articles, or use them for another lawful function, without asking prior permission from the publisher or the author. Welcome to the nineteenth Ashurst Governance & Compliance update, the goal of which is to maintain you and your board on prime of the latest developments. Our private approach, technical expertise, local knowledge and international network allow us to deliver an expertise that different professional service providers discover onerous to match. We are recognised as a foremost authority in law and go-to organisation for legal expertise.

The caps on extra time hours (“OT”) in a yr and a month of employees are loosened beneath Resolution 17 of the Standing Committee of the National Assembly on 23 March 2022 within the context of Covid-19 pandemic. These employers are also allowed to mobilize the employees to work up to 60 hours a month. The new annual cap and the monthly cap shall be efficient from 01 January 2022 and 01 April 2022, respectively.

She has over 25 years expertise in healthcare advertising having personally consulted with over 7,000 shoppers and created thousands of strategic plans for clients in myriad medical and institutional shoppers. Ms. Gaughran has authored numerous articles in her area and has spoken to tons of of audiences throughout the country. Sleep is a critical well being profile factor with poor sleep contributing to a variety of opposed health points. Sleep specialist, Michael Howell MD, FAAN,FAASM, reviews sleep’s physiological influence, the nature of circadian rhythm, and efficient way of life, dietary and supplements approaches for higher sleep.

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From modifications in laws and case regulation to regulatory reforms, at Ashurst we’re in a place to support you on all legal developments. Defamation under Indonesian Law Defamation under Indonesian regulation involves the issuance of a defamatory statement that causes an individual to endure harm. Chapter XVI of the Indonesian Criminal Code governs each slander and libel in offering particulars on six various varieties of defamation, as is defined in this legal update. Foreign Investment Restrictions Restrictions on international shareholders in Indonesia are set out in the Negative Investment List contained in Presidential Regulation No. 39 of 2014 outlining the listing of enterprise fields that are closed and enterprise fields which would possibly be open with requirements for investment. Licensing of Insurance and Reinsurance Providers in Indonesia Insurance and reinsurance companies doing business in Indonesia should be licensed by the Financial Services Authority .

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Tareq obtained LL.B with honours from Universitas Muhammadiyah Yogyakarta in 2019. Since joining INTEGRITY Law Firm in 2020, Tareq has dealt with quite a few instances at the Constitutional Court of Indonesia, together with Disputes over the Regional Head Election Result for the 2020 South Kalimantan Gubernatorial Election and Judicial Review of Election Law and ITE Law. He can additionally be worked on the staff handling instances of mining, agrarian, forestry, and enterprise disputes. Tareq was named the Most Outstanding Student of Kopertis V-Yogyakarta by the Indonesian Ministry of Research and Higher Education . Graduated from Universitas Islam Negeri Syarif Hidayatullah Jakarta with an LL.B .

Companies in Indonesia are required to register employees in the Indonesian government’s employment social security programmes. Data Protection in Indonesia There are varied laws that relate to data privateness in numerous particular areas although there isn’t a comprehensive data safety regulation in Indonesia. Indonesian legal scholars usually discuss with Article 28 of the 1945 Constitution as the premise for more particular information privacy laws. 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 information. ESDM Regulation forty two and Oil and Gas Companies On 14th July 2017, the Minister of Energy and Mineral Resources printed Regulation No. forty two of 2017 (Reg. 42). 42 apply to upstream and downstream oil and fuel companies, IUPTL holders and IPB holders.

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Currently, Tedy is a commissioner to a private firm and the President Director of other companies. With such work experiences, Tedy is accountable in handling various enterprise and funding issues, together with licensing and employment points. Food Export Regulations and Licenses in Indonesia Food export actions in Indonesia can be carried out by people, establishments and enterprise entities. This legal update supplies a complete overview of the totally different classifications for export goods, in addition to relevant licensing procedures and regulations.

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 field of construction in Indonesia. A Look at Indonesian Bankruptcy Law Law No. 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations sets forth the requirements for filing a bankruptcy petition. The important requirement is that there have to be two or extra creditors and no less than one mature however unpaid debt for a chapter motion to be initiated towards a debtor. 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. eleven of 2016). The Tax Amnesty Law eliminates the principal tax debt and administrative sanctions in addition to offering no-examination of tax crimes. Downsizing in Indonesia There has been considerable confusion about whether or not employers in Indonesia are allowed to downsize a part of their workforce for effectivity reasons.

Regulatory Developments within the Indonesian Banking Industry The Financial Services Authority has had regulatory authority over Indonesian banks, except Bank Indonesia (“BI”), since 31st December 2013, as stipulated beneath Law No. 21 of 2011 relating to the Financial Services Authority. BI is Indonesia’s central bank and maintains jurisdiction over the monetary provide. Indonesia Introduces New Solar Power Regime In 2013, the Indonesian authorities first launched a solar power regulatory regime which required the government to publish solar power quota allocations for numerous parts of Indonesia. However, the Indonesian Supreme Court struck down this 2013 framework as being inconsistent. 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.

Indonesia’s international funding coverage has been in the spotlight since the Government of Indonesia conveyed in 2014 its intention to terminate all of its present bilateral funding treaties. Taking the Temperature of Indonesia’s Geothermal Regulatory Climate Indonesia’s geothermal resources are among the many largest on the planet, with round 40 p.c of the worldwide geothermal sources, and the federal government has intensified its efforts to encourage geothermal power improvement. In Indonesia, New Licensing Rules for Imports and Exports The Government of Indonesia has just lately issued a package deal of financial policies designed to remove irrelevant necessities and to deregulate and spur the expansion of the Indonesian economic system. This transfer has resulted within the elimination of several examination and licensing procedures. Real Estate Disputes in Indonesia There is not any arbitration facility or process particularly designed to accommodate real estate issues underneath Indonesian regulation.