Specific activities that are permissible for foreign flagged vessels are: (1) survey oil and gas; (2) drilling; (3) offshore construction; (4) support of offshores operations; (5) dredging; and (6) salvage and underwater activities.
According to the accompanying press release, the Decree makes several fundamental amendments in an effort to improve the effectiveness of the registration and supervision of the Capital Market Legal Consultant profession.
Pursuant to Article 2 the Regulation applies to all upstream oil and natural gas service and production sharing contracts. However, pursuant to Article 38 (a) contracts that have been signed prior to the Regulation coming into force will not be affected.
Each month the Director General of Mineral, Coal and Geothermal (â€˜Director Generalâ€™) (on behalf of the Minister of Energy and Mineral Resources) determines the standard sale price for minerals and coal.
Identical with the last hukumonline-reviewed Draft, it sets out the sizes of mergers and acquisitions that, upon conclusion, must be notified to the Commission for Supervision of Business Competition ('KPPU').
Both the Law and the Presidential Regulation, however, only recognize several occurrences to warrant a patent transfer. These include inheritance, donation, testament, written agreement, or other occurrences recognized by the regulations.