Pertamina Yet to Implement BI Regulation on Mandatory Use of Rupiah after Two Months
Air-Carrier Business Agents hopeful that Pertamina will begin using rupiah for avtur transactions
State Remains in Full Control of Port Sector
The Antitrust Law gives the state the right to monopolize sectors in the public interest
Govt Readies Grand Economic Policy Package
Policy to incorporate a number of sectors
Indonesian Law Digest
Cashless Society in the Pipeline
Friday, August 28, 2015
In general, the 2013 Draft Bill and 2015 Draft Bill seek to limit cash transactions within Indonesia, whether said transactions are conducted via banknotes and coins denominated in rupiah, or in foreign currencies of an equivalent value. Both of the drafts outline exemptions to the bill, as well as various monitoring and evaluation measures, some of which have already been accommodated under a number of existing laws and regulations, which will be discussed later.
Money Laundering Informants
Friday, August 21, 2015
The main objective of Regulation 43/2015 is to eradicate money laundering and terrorist financing. In the implementation of this regulation, businesses and professionals are mandated to apply the know-your-customer principle before providing goods/services, and to report any suspicious transactions that they encounter.
Draft Bill on Guarantees
Friday, August 14, 2015
The new Draft Bill serves to assist small-to-medium sized enterprises in their bid to access credit by strengthening the position of guarantee institutions in their role as loan guarantors. This objective is to be achieved through the creation of a new and comprehensive framework through which guarantee institutions and their services can be managed.
Indonesian Legal Brief
Govt Strengthens Supervision of Alcoholic Beverage Industry
Monday, August 31, 2015
The Amendment aims to tighten the control of the alcoholic beverage industry by incorporating new provisions regarding business restrictions, fermentation and distillation processing, and mandatory verification for alcoholic beverage companies.
Motor Vehicle Importation Procedures Updated
Friday, August 28, 2015
The Amendment serves to simplify the procedures followed by automotive companies looking to produce motor vehicles or import Completely Knocked-Down (“CKD”) or Incompletely Knocked-Down (“IKD”) motor vehicles.
Agricultural Insurance Finally Regulated
Thursday, August 27, 2015
The Regulation will serve as a legal basis for the facilitation of agricultural insurance. It is hoped that the Regulation will ease the problems experienced by farmers in dealing with agricultural business risks and in attempting to protect their businesses.
Monthly Law Review
Monthly Law Review August 2015
Monday, August 31, 2015
Until now then, no significant or even urgent measures have been taken by the government in the face of the economic turmoil. This is evident from the laws and regulations reviewed by us in this August edition of our Monthly Law Review, most of which deal with administrative problems.
Monthly Law Review July 2015
Friday, July 31, 2015
In this edition of the Monthly Law Review, we cover 40 regulations that we have classified into the areas of consumer protection and retail, general corporate, energy and natural resources, trade, taxation, and financial services, as well as a section for regulations that we could not easily categorize and which we have therefore titled “Miscellaneous”.
Monthly Law Review June 2015
Tuesday, June 30, 2015
In this edition of Monthly Law Review, we cover 48 regulations and a constitutional court decision that are classified into the consumer protection and retail, general corporate, energy and natural resources, trade, taxation, financial services, and a sector for regulations that we could not easily classify we call miscellaneous.