Permanent Arbitration Institution May Waive Arbitration Law
Procedures under the Arbitration Law only applies to ad hoc arbitration center
Capital Market Law must be Amended to Boost Domestic Investors
Lawmakers recommend incentives for local investors and more rigid provisions on insider trading
Clear Distinction between BUMN and State Losses Still Needed
Despite Constitutional Court decision, distinction remains unclear
Indonesian Law Digest
Electronic Money: Towards a Cashless Society
Friday, November 28, 2014
Amongst other cashless payment instruments, e-Money plays an important role in increasing the number of cashless transactions in Indonesia as the nature of e-Money is to replace the use of physical money in daily retail transactions. Given these circumstances, it is important to equip the public with a better understanding of e-Money in order to realize the broader implications of becoming a cashless society.
ILD – Customs for Online Shoppers: Procedures Charges, and Exemptions
Friday, November 21, 2014
This Indonesian Law Digest (“ILD”) will discuss import procedures for goods purchased overseas through online shopping, which are delivered to the buyer/importer using courier services. To this end, this ILD will discuss the following matters: Import of goods through courier services, Charges that apply for importing goods through courier services, and Procedures for securing an Importer Identification Number (Angka Pengenal Importir – “API”)
Indonesia’s Tourism: When Being Wonderful is Not Good Enough
Friday, November 14, 2014
This Indonesian Law Digest (ILD) will discuss in general terms the topic of tourism development under the following headings: Tourism businesses, covering types of tourism businesses and registration; Certification, covering the certification on tourism businesses and the workers; Tourism institutions, covering the Indonesian Tourism Promotion Board (Badan Promosi Pariwisata Indonesia – BPPI), Indonesian Tourism Industry Association (Gabungan Industri Pariwisata Indonesia), and inter-sectorial coordination.
Indonesian Legal Brief
Countertrade and Offset Mechanism for Procuring Military Equipment
Friday, November 28, 2014
The Government has issued Government Regulation No. 76 of 2014 on Countertrade Mechanisms for Procuring Security and Defense Equipment from Overseas (“Regulation”), as the implementation of Article 43 (9) of Law No. 16 of 2012 on Defense Industry (“Defense Industry Law”).
2015 Jakarta Minimum Wage
Thursday, November 27, 2014
The 2014 Regulation sets the Minimum Wage in Jakarta at IDR 2,700,000 per month, a 10 percent increase (IDR 259,000) from the Minimum Wage in 2014 that was set at IDR 2,441,000. This minimum wages applies to all workers in Jakarta unless a specified minimum wage for a certain sector otherwise applies or the worker is contracted for less than a year by their employer.
Govt Updates Import and Distribution Procedures of Hazardous Materials
Wednesday, November 26, 2014
In general, the Amendment aims to improve supervision over the import and distribution of 407 hazardous materials (Bahan Berbahaya – “B2”) listed in Appendix I of the Amendment, including: borax, formalin, nitrobenzene, sodium cyanide (natrium sianida), mercury, and other substances.
Monthly Law Review
Monthly Law Review November 2014
Friday, November 28, 2014
The laws and regulations issued in late October and early November 2014 are still dominated by those issued by President Yudhoyono’s administration. This is to be expected, as the new President Widodo administration is only just over a month old, and with limited time not many regulations can be expected from the new government and ministers.
Monthly Law Review October 2014
Friday, October 31, 2014
Legal developments over the last month have remained active, perhaps even more active than one would expect given the inauguration of the new President. It seemed that ministries were busy finishing long standing homework and there was somewhat of a rush to finish more significant pieces of legislation such as the Marine Law.
Monthly Law Review September 2014
Monday, September 29, 2014
As expected with a departing administration and a new administration set to take over the management of the country this month saw the resolution of some long outstanding regulatory activity such as the Insurance Law. There remains, however, a number of long outstanding issues that for political or other reasons may still take time to address including the fuel subsidies issue.