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Companies in Indonesia are required to register employees within the Indonesian government’s employment social security programmes. Data Protection in Indonesia There are various legal guidelines that relate to knowledge privateness in a quantity of particular areas though there is no comprehensive knowledge safety legislation in Indonesia. Indonesian legal scholars typically refer to Article 28 of the 1945 Constitution as the idea for extra specific information privateness 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 42 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 gas companies, IUPTL holders and IPB holders.

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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 building in Indonesia. A Look at Indonesian Bankruptcy Law Law No. 37 of 2004 concerning Bankruptcy and Suspension of Debt Payment Obligations units forth the requirements for filing a bankruptcy petition. The essential requirement is that there should be two or more creditors and no much less than one mature but unpaid debt for a chapter action to be initiated towards a debtor. What You Need to Know about Indonesia’s New Tax Amnesty Law The Indonesian Government lately issued the long-awaited and anticipated Tax Amnesty Law (Law No. 11 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 appreciable confusion about whether employers in Indonesia are allowed to downsize a half of their workforce for effectivity causes.

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Indonesia’s international investment coverage has been in the highlight since the Government of Indonesia conveyed in 2014 its intention to terminate all of its existing bilateral funding treaties. Taking the Temperature of Indonesia’s Geothermal Regulatory Climate Indonesia’s geothermal sources are among the largest on the earth, with around forty percent of the worldwide geothermal assets, and the government has intensified its efforts to encourage geothermal power improvement. In Indonesia, New Licensing Rules for Imports and Exports The Government of Indonesia has recently issued a package deal of economic insurance policies designed to remove irrelevant necessities and to decontrol and spur the expansion of the Indonesian financial system. This transfer has resulted in the elimination of a quantity of examination and licensing procedures. Real Estate Disputes in Indonesia There is no arbitration facility or course of particularly designed to accommodate actual estate issues under Indonesian law.

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From changes in legislation and case law to regulatory reforms, at Ashurst we’re able to help you on all legal developments. Defamation under Indonesian Law Defamation beneath Indonesian regulation includes the issuance of a defamatory statement that causes a person to endure hurt. Chapter XVI of the Indonesian Criminal Code governs each slander and libel in offering details on six different sorts of defamation, as is explained in this legal update. Foreign Investment Restrictions Restrictions on overseas shareholders in Indonesia are set out in the Negative Investment List contained in Presidential Regulation No. 39 of 2014 outlining the list of business fields that are closed and business fields which may be open with necessities for funding. Licensing of Insurance and Reinsurance Providers in Indonesia Insurance and reinsurance corporations doing business in Indonesia must be licensed by the Financial Services Authority .