Business and Human Rights in Indonesia
It is undoubtedly the case that, at the moment at least, the advantages for companies in terms of their adoption of business and human-rights principles are more social than they are financial. However, many circles believe that the implementation of business and human-rights principles by businesses will ultimately offer greater access to business opportunities.
Special Types of Business Vehicle
In addition to the current common incorporated and unincorporated entities, there are also several types of business entity which are based on Indonesian law and which can be utilized under limited conditions in regard to their establishment, ownership and operations.
Economic Instruments for Environmental Management and Sustainability: Is Indonesia Ready?
This edition of Indonesian Law Digest (ILD) has been aimed squarely at helping our subscribers to understand the context and the various challenges involved in the implementation of economic instruments for environmental management within the business sector. This edition of ILD also addresses whether such instruments will ultimately prove effective or not, based on best practices.
A Winding Path for Well-Known Marks in Indonesia
This article will primarily analyze the definition and scope of well-known marks from three different angles, specifically: (1) International legal frameworks; (2) National legal frameworks; and (3) Court practices. Towards the end of this article, a number of recommendations will be set out for owners of well-known marks as regards the tackling of this issue from the point of view of best practices.
After the Tax Amnesty: A New Chapter in Tax Compliance and Supervision
This edition of Indonesia Law Digest will elaborate upon key policies of the post-tax-amnesty program, which is primarily focusing upon the repatriation of assets, new income-tax treatment for additional and undisclosed assets, as well as land-title transfers through the tax-amnesty program.
In a Nutshell: Indonesia’s Money Market
In Indonesia, the money market is a major part of the country's financial market, alongside the forex market, stock market and bond market. In addition to accommodating the need for investment, the money market is also a vital means through which Bank Indonesia (“BI”) can exert its authority as regards the determination of monetary policy.
Supreme Court Decision No. 31 K/Pdt/2017: The End of the Road for Water Privatization in Jakarta?
Although the decision handed down by the Supreme Court only applies to the parties in question, there are currently more than 40 private businesses involved in the water-management sector across Indonesia and these businesses continue to offer water-related services across a number of Indonesian provinces.
ISO 37001:2016 on Anti-Bribery Management Systems: Is Compliance Worth It?
ISO 37001:2016 interprets bribery as an act of offering, promising, giving, accepting or soliciting involving undue advantage of any value (which could either be financial or non-financial in nature), either directly or indirectly and irrespective of location(s), in violation of applicable laws and as an inducement or reward for a person acting or refraining from acting in relation to the performance of that person’s duties.
Utilization of Radio Frequencies: A Legal Perspective
The utilization and management of Spectrums is thus regulated, both at the domestic and international levels. Spectrums are natural resources which are under the control of the state then, however their utilization should also be regarded with an eye on international agreements, so as to prevent any harmful electromagnetic interference occurring between Spectrums.
The National Payment Gateway: Redefining Domestic Payment Systems and the Move towards a Cashless Society
Bank Indonesia has finally introduced the National Payment Gateway (NPG), a system which has been developed in order to integrate various payment channels and instruments at the national level. Through the NPG, the public can efficiently process domestic, non-cash transactions through any bank via any instrument and any channel.