Lawmaker: To Sell Ministerial Office is To Sell State Assets
Requires approval from the House of Representatives
Increasing Tax Compliance through Tax Amnesty Policy
Priority for individual taxpayers
Poor Marks for ASEAN on Judicial Cooperation
Despite numerous initiatives that have been taken
Indonesian Law Digest
Microfinance Institutions: Towards Better Empowerment of the Underprivileged
Friday, December 19, 2014
This Indonesian Law Digest (ILD) aims to provide a comprehensive overview of LKM by elaborating the regulatory framework covering: a. Establishment of LKM; b. Business operations of LKM; c. Development and Monitoring of LKM
Entertainment Law 101
Friday, December 12, 2014
This Indonesian Law Digest (ILD) will describe laws and regulations in Indonesia that govern the core aspects of entertainment law related to the showbiz industry.
Franchise Business from A to Z
Friday, December 05, 2014
This Indonesian Law Digest (“ILD”) will cover both general and specific provisions that apply to franchise businesses, covering requirements to establish a franchise business, partnership schemes, rights and obligations of franchisors and franchisees, anti-monopoly rules and franchise agreements, and limitations on franchise outlets in certain business field.
Indonesian Legal Brief
Insurance Companies: Corporate Plan and Business Plan
Friday, December 19, 2014
The Circular Letter is a guideline for drafting and submitting Corporate Plans and Business Plans and also sets out two types of follow-up reports that must be submitted by Insurance Companies: 1 ) Business Plan Realization Report and 2) Board of Commissioners Report. These reports outline Insurance Companies business activities and activities to realize their business plan.
OJK Issues New Regulation on Business Activities of Financing Companies
Thursday, December 18, 2014
The 2014 Regulation re-regulates the type of financial products that can be offered by financing companies as well as the requirements that these companies must maintain to remain legally operational.
Operation of Microfinance Institution
Wednesday, December 17, 2014
The core of the 2014 Regulation covers the credit operations of microfinance institutions and their disbursement of loans to micro businesses including financial obligations in maintaining their operations covering: Source of funds; Enforceable contracts for sharia-based microfinance institutions; Soundness level; Placement of funds; Mandatory reporting to OJK; and Sanctions for non-compliance.
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.