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Legal Update

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The Indonesian Government Resumes Discussions on Over-The-Top Regulation The 2017 Draft OTT Regulation intends to force Over The Top application and content material service providers to ascertain presence in Indonesia, to protect public interest and guarantee certainty of shopper protection. Data Protection Rules and Principles in Indonesia Several obligations have to be fulfilled by electronic system providers in Indonesia beneath MOCI Regulation No. 20 of 2016 to ensure that personal information is processed correctly. New Abandonment and Site Restoration Obligations Upstream Oil and Gas Activities Indonesia’s Minister of Energy and Mineral Resources has regulated abandonment and website restoration actions, or post-operation activities, for the upstream oil and fuel sector.

Legal Update

Supervisors Legal Updateis a fast-read, four-page print newsletter designed to assist supervisors – including human assets managers – navigate the legal minefield the office has turn out to be. 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 concerning 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 model new mandatory process for the submitting of financial 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 leave, the Law of 23 July 2016 on the brand new form of simplified S.à.r.l. This version covers, amongst different topics, the most recent developments referring to the result of the 23 June 2016 referendum in the UK.

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New Regulation on Criteria and Drug Registration Procedure BPOM Regulation No. 24 of 2017 replaces previous BPOM laws in setting out the most recent procedure for drug registration. Indonesia New Coal Pricing Regulation Against a backdrop of rising coal costs, election-driven utility-price freezes, and a lower than expected uptick in electricity demand, the Government has introduced a brand new decree designed to cap coal costs for public interest electrical energy supply. Bank Indonesia Sets New Limits for the Provision of E-Money Bank Indonesia issued a regulation on e-money that stipulates a selection of requirements and prohibitions that had been beforehand unregulated. The New Tax Holiday Regulation of Indonesia New Minister of Finance regulation offers extra enticing corporate revenue tax discount facilities for buyers. Indonesian Shipping Law – Marine Casualty In the occasion of a ship collision, grounding or other major casualty, there are a variety of key provisions in Indonesia that can impression upon the liability and response of interested events.

Given this context, this legal update provides an summary of the latest adjustments to franchising laws issued by the Ministry of Trade. Indonesian Financial Services Authority in Review This legal update appears at some of the regulatory changes which have been launched since the Financial Services Authority took over supervision of the capital markets, non-bank financial establishments and banking sectors previous to 2014. Protection of Privacy in Indonesia Article 28 is taken into account the idea for extra particular knowledge privateness legislation. However, there is no particular law in Indonesia that regulates respect for personal and household life.

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A New Regulation on Intellectual Property License Agreement Recordal The prevailing intellectual property laws in Indonesia stipulate that it’s mandatory to document 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 liability companies in Indonesia should maintain an annual basic assembly of shareholders no less than six months after the tip of their monetary 12 months. The AGMS must talk about and approve the annual report submitted by the Board of Directors, which should encompass a financial report among different details. Proposal to Revoke Five Business Permits in Indonesia On 16th March 2016, Indonesian President Joko Widodo announced a plan to simplify enterprise licensing in Indonesia by revoking 5 present enterprise permits issued on 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 model new regulation on coal pricing for mine mouth power tasks, Regulation No. 9 of 2016 on the Procedures for the Supply and Determination of Coal Price for Mine Mouth Power Plants.

COMPASS evaluates EP applications based on a holistic set of individual attributes (i.e. wage, skills, being on the Shortage Occupation List ) and firm-related attributes (i.e. diversity, assist for native employment, meeting particular evaluation standards on innovation, or internationalisation activities). Development of Nusantara, the name of the brand new capital city of Indonesia, will be led by a special authority with the facility to, amongst others, issue investment licensing and supply amenities to parties supporting financing for the purposes of preparation and relocation of the capital city. The particular authority of Nusantara will begin operating no later than the end of 2022. Our attorneys have authored or co-authored a quantity of newsletters, articles, books and other supplies overlaying a extensive range of legal areas to address the latest legal developments and more and more diverse and complex points.

This version covers, amongst different subjects, the Law of 28 October 2016 on Professional Qualifications Recognition and the Luxembourg Tax Reform for 2017. This edition covers, amongst different subjects, the Law of 15 December 2016 on equal pay between men and women in Luxembourg and the Grand Ducal Regulation of twenty-two May 2017 on e-archiving. COPD is the 4th main cause of the dying and well on its way to changing into quantity three. Family practitioner and veteran lecturer, Louis Kuritzky, MD, critiques the disease’s pathophysiology, threat components, differentiation from bronchial asthma, and dives deep into each the Russian and GOLD guidelines for evaluation, prognosis, therapeutic choices, as properly as multiple state and comorbidities administration. Non-alcoholic fatty liver disease and alcoholic liver illness are rising causes of morbidity and mortality within the US and worldwide.

New Regulation on Marketing Authorization for Medical Devices and Supplies The Minister of Health issued Regulation No. sixty two of 2017 on Marketing Authorization for Medical Devices and Supplies to harmonize Indonesian laws with ASEAN and world laws on medical devices. NIK New Development The DGCE regulation requires an organization to course of the IMTA and NPWP for overseas administrators not residing in Indonesia. Indonesia Relaxes Mandatory Employer Contributions to Manpower Social Security Programs Amid COVID-1 With COVID-19 infections not slowing within the country, the Government of Indonesia (“GOI”) has continued to concern regulations aimed at fighting the pandemic and the economic downturn it has triggered.

Terminating an Employment Relationship in Indonesia Under Law No. 13 of 2003 regarding Labor (the “Labor Law”) and different prevailing labor legal guidelines and laws, employment-at-will and termination upon simple discover aren’t acknowledged 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 verify the spread of the virus, the Indonesian government has carried out a policy of Large-Scale Social Restrictions (Pembatasan Sosial Berskala Besar or “PSBB”), requiring most companies to stop or a minimal of pare down activities.

Background checks aren’t expressly regulated by Indonesian employment laws, and certain background checks are topic 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’ corporate governance guidelines which set a brand new standard of company governance apply 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 estate investment funding in the form 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 help meet the essential wants of the country’s inhabitants.