Friday, October 20, 2017
ISO 37001:2016 interprets bribery as an act of offering, promising, giving, accepting or soliciting involving undue advantage of any value (which could either be financial or non-financial in nature), either directly or indirectly and irrespective of location(s), in violation of applicable laws and as an inducement or reward for a person acting or refraining from acting in relation to the performance of that person’s duties.
Friday, October 13, 2017
The utilization and management of Spectrums is thus regulated, both at the domestic and international levels. Spectrums are natural resources which are under the control of the state then, however their utilization should also be regarded with an eye on international agreements, so as to prevent any harmful electromagnetic interference occurring between Spectrums.
Friday, October 06, 2017
Bank Indonesia has finally introduced the National Payment Gateway (NPG), a system which has been developed in order to integrate various payment channels and instruments at the national level. Through the NPG, the public can efficiently process domestic, non-cash transactions through any bank via any instrument and any channel.
Friday, October 20, 2017
SDCs are savings in the form of deposits which are issued based on sharia principles through the implementation of mudharabah mutlaqah or mudharabah muqayyadah agreements. SDCs can be transferred prior to their maturity date through the use of sales-purchase agreements (ba’i), inheritance or grants. In addition, SDCs may also be traded through the secondary market through the use of repurchase agreements (repo) which are based on sharia principles.
Thursday, October 19, 2017
The Supreme Court has rendered Decision No. 31 K/Pdt/2017, which settles the citizens’ lawsuit filed by 12 Indonesian citizens, who were being represented by the Rights-over-Water Advocacy Team acting as the claimant. The lawsuit was filed against the government (i.e., the President, Vice President, Ministry of Public Works and Ministry of Finance) and two private companies responsible for the management of the provision of water in the Special Capital Region of Jakarta (i.e., PT Aetra Air Jakarta and PT PAM Lyonnaise Jaya)
Wednesday, October 18, 2017
As part of its 16th Economic Policy Package to date, the Government has issued Presidential Regulation No. 91 of 2017 on the Acceleration of Business Operations, with the ultimate aim of reorganizing the current business licensing regime, as well as accelerating business operations within special economic zones, free-trade areas, industrial areas and tourism areas.
Friday, September 29, 2017
This edition of Monthly Law Review will outline the key aspects of 46 regulations which were issued in August 2017 and September 2017, and we have classified these various regulations into Trade, Energy & Natural Resources, Financial Services, General Corporate, Tax, Manufacturing & Industries, Consumer & Retail, Telecommunication & Media, as well as a number of other sectors which we have grouped under the Miscellaneous banner.
Thursday, August 31, 2017
This August, the government has introduced several noteworthy regulations. For example, in connection to growth within the e-commerce sector, the Ministry of Communication and Information has issued the Draft Regulation on the Provision of Application Services and/or Contents through the Internet. The Draft Regulation outlines several provisions which relate to so-called Over-the-Top registrations, as well as to the various obligations which have to be met when operating such services within Indonesia.
Monday, July 31, 2017
This month, President Joko Widodo put his signature to a controversial regulation aimed at attenuating the rising trend in anti-Pancasila oriented mass organizations, namely Government Regulation in Lieu of Law No. 2 of 2017 on the Amendment to Law No. 17 of 2013 on Mass Organizations (“Perppu 2/2017”). Perppu 2/2017 expands the government’s authority to dismantle mass organizations that espouse ideologies that run contradictory to the values enshrined under the official state ideology, Pancasila.