Indonesia: Towards an Anti-Bribery Era
This edition of ILD aims to offer a little insight into various domestic and international legal frameworks which address the thorny issue of bribery, and also offers a brief discussion as to why any companies operating within Indonesia should also be aware of and comply with the USA’s Foreign Corrupt Practices Act and the UK’s Bribery Act, as two of the world’s leading anti-bribery frameworks.
Draft Bill on the Restriction of Hard-Cash Transactions
Due to the fact that hard-cash transactions are prone to be used as a means of money-laundering and other criminal activities, the government and the House are currently discussing the Draft Bill on the Restriction of Hard-Cash Transactions. In a nutshell, this Draft Bill prohibits any hard-cash transactions with values of above IDR 100 million from being undertaken in Indonesia, with a number of exemptions to this restriction also being described. All agreements which set out such hard-cash transactions will therefore subsequently be considered null and valid. Moreover, the carrying of foreign banknotes in certain amounts will require the acquisition of permits issued by Bank Indonesia if this Draft Bill is ultimately passed by the House.
RUU Pembatasan Transaksi Uang Kartal
Draft Bill on the Restriction of Hard-Cash Transactions
RUU Pembatasan Transaksi Uang Kartal
Procedures for the Imposition of Administrative Sanctions upon Notaries
In order to clarify matters pertaining to the imposition of administrative sanctions upon notaries, the Ministry of Law and Human Rights has issued Regulation No. 61 of 2016 on Procedures for the Imposition of Administrative Sanctions upon Notaries. This regulation essentially addresses two important matters, namely the types of administrative sanctions that may be imposed upon notaries, as well as the procedures involved in the imposition of said sanctions.
Prosedur Pengenaan Sanksi Administrasi kepada Notaris
Govt. Redefines Emissions-Quality Standards for Certain Motor Vehicles
The Ministry of Environment and Forestry has finally taken the initiative and set higher emissions-quality standards for motor vehicles through the issuance of Ministry Regulation No. P.20/MENLHK/SETJEN/KUM.1/3/2017. This regulation mandates that both producers and importers of Category M, Category N and Category O motor vehicles now have to comply with the emissions standards which are commonly referred to as EURO 4.
Pemerintah Ubah Standard Baku Mutu Emisi Gas Buang Beberapa Jenis Kendaraan Bermotor
New Procedures for the Reporting of Testaments and for Applications for Testament Certificates via Electronic Means
In order to implement a more convenient registration process, the Ministry of Law and Human Rights has now set up an electronic system for the reporting of testament deeds and for applications for testament certificates through the issuance of Regulation No. 60 of 2016 on Procedures for the Reporting of Testaments and Applications for Testament Certificates via Electronic Means. Through this regulation, notaries are now obliged by the Ministry to create lists of the testament deeds which are drawn up before them within a month of their creation, as well as so-called “null lists” if no such testament deeds are drawn up. These lists should then be reported to the Testament Lists Center via the official website of the Directorate General of General Legal Administration at the Ministry, or by notaries who will be held liable for any legal consequences which are incurred as a result of any acts of non-compliance. Aside from the various procedures and requirements involved in the compliance with these obligations, the new regulation also sets out a number of guidelines which relate to requests for testament certificates, which allows interested parties to ascertain whether certain testament deeds have already been registered or not.