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By Fransiscus Rodyanto, Fadhillah Rizqy
With the increasing number of Production Sharing Contracts ("PSCs") that will expire in the coming years, discussion of PSC extensions and who has the right to operate expiring PSCs becomes unavoidable
By Winnie Y. Rolindrawan, Raoul Aldy Muskitta
The chairman of the Indonesian Investment Coordinating Board (Badan Koordinasi Penanaman Modal or "BKPM")
By Ira Eddymurthy, Asri Rahimi
Prompted by the disparity in the tax treatment between traditional retail activities and e-commerce, on December 31, 2018, Indonesia's Minister of Finance ("MOF") ...
By Bezaliel Basuki Erlan, Indira Kantiana
Indonesia's central bank, Bank Indonesia ("BI"), has issued BI Regulation Number 21/2/PBI/2019 concerning the Reporting of Foreign Exchange Activities ("Regulation 2/2019").
By Fransiscus Rodyanto, Aninda Nurul Savitri
However, foreign exchange in the form of DHE SDA must be deposited in the Indonesian financial system, based on Article 3 (1) of GR 1/2019.
By Fransiscus Rodyanto, Greita Anggraeni
The Indonesian Minister of Communication and Informatics ("MOCI") has issued a regulation that principally governs (i) the certification of telecommunications equipment and devices ...
By Maria Yudhitama
The Indonesian Financial Services Authority (Otoritas Jasa Keuangan or "OJK") has issued a regulation that sets the guidelines for a fit and proper reassessment of the primary parties of a financial services institution.
By Fahrul S. Yusuf
Employers may require prospective or existing employees to obtain a statement of good behavior (surat keterangan catatan kepolisian or SKCKS) from the local district office of the Indonesian National
By Fahrul S. Yusuf
A settlement that is documented as a resignation does not require registration.
By Denny Rahmansyah, Saprita Tahir
Article 28(G) is considered the basis for more specific data privacy legislation.
Companies with lines of business that remain unchanged under the 2017 KBLI should not be affected by this requirement.
By Ira Eddymurthy, Maria Yudhitama
Meanwhile, the rules on foreign ownership of insurance companies remain unsettled.
By Greita Anggraeni
Installation of the PV system can only begin after the application is formally approved.
The term shall be determined at the discretion of the Board of Directors.
The following is a summary of the biggest changes under GR 24.
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