Online Single Submission: Indonesian Licensing Reform (Part 1)
Regulation 24/2018 offers no certainty or clarity regarding whether existing businesses are also required to register with the OSS and to secure NIB. However, there are at least five situations which existing businesses may find themselves in which definitely require OSS registration and the securing of NIB
Venture Capital 101
PMVs can also provide financing through so-called quasi-equity participation schemes. Under this type of scheme, a PMV will purchase convertible bonds which will be issued by the relevant Investee Company in the form of bond certificates
Court Decision Analysis: Benny Tjokrosaputro vs. Goldman Sachs International
Decision 618/2016 indicates that even if a transaction has been settled through official IDX channels, it does not necessarily mean that said transaction remains free from future legal risk.
Understanding Building Construction Permit (IMB)
Possession of an IMB is one of the administrative prerequisites that have to be met in order to obtain other types of licenses, failure to secure an IMB can ultimately lead to a domino effect.
The Government's 2018 to Do List: Government Regulations and Presidential Regulations Currently in the Pipeline
In a bid to elaborate upon these various legal matters, this week's edition of Indonesian Law Digest (ILD) will attempt to shed a little light upon the abovementioned Draft Regulations, which should be relevant to many involved in business in Indonesia
Consumer Protection during the Holiday Season
The settling of any disputes which relate to the area of consumer protection can be undertaken through the courts, as well as through out-of-court proceedings. Any dispute settlement efforts which are made through the courts will be based on existing laws and regulations. Meanwhile, out-of-court dispute settlements can be processed by the Consumer Dispute Settlement Agency (Badan Penyelesaian Sengketa Konsumen - "BPSK").
Employment and the Islamic Holy Month
All of this requires money and this is one of the primary reasons why the receipt of the annual THR religious holiday allowance/bonus is highly anticipated by Indonesian employees as we progress through the holy month towards Eid al-Fitr.
Industry 4.0: The Indonesian Perspective
Initially, Indonesia 4.0 will focus on five sectors, specifically: food and beverages, clothing and textiles, automotive, chemicals and electronics.
New Legal Framework for E-Money
In 2017, E-Money transactions increased by 60% over the 2016 figure, topping a total of IDR 8.77 trillion.
Draft Bill on Minerals and Coal Mining
It is important to note that with this shift in authority, the government has also changed the percentage amount of government revenue that must be paid by the holders of IUP/IUPK for metal minerals and coal.