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Makarim & Taira S.
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By Anang Triyono, Rinjani Indah Lestari, Ben Clanchy
Under Republic of Indonesia Law Number 5 of 1999 regarding Monopolistic Practices and Unfair Business Competition (the Indonesian Competition Law or "ICL"), cartels are regulated as follows.
By Makarim & Taira
On September 2015, the Minister of Trade issued MOT Regulation No. 70/M-DAG/PER/9/2015 on Import Identification Numbers. MOT Reg 70/2015 came into effect on 1 January 2016 and revoked the previous API regulation...
By Lia Alizia, Valdano Paulo Ruru
On 29 June 2015, a new regulation on the procedure for employing foreign manpower (ie Minister of Manpower Regulation No. 16 of 2015) entered into force.
By Makarim & Taira
Circular 17 further describes the details on payments in foreign exchange agreed to by the parties under a written agreement for strategic infrastructure projects which are exempted from the obligation to use Rupiah.
By Makarim & Taira
In an attempt to assist the stabilization of the Indonesian currency, Bank Indonesia (BI) changed the limit of the maximum value of foreign currency (US$) purchased through a spot transaction which is done without a specific purpose...
By Makarim & Taira
The maximum DER under MOF Regulation 169/2015 will apply for calculating corporate income tax as of the 2016 tax year.
By Makarim & Taira
Principle License Application In essence, the New Mechanism emphasizes and elaborates requirements for a presentation when investors apply for their Principle License.
By Makarim & Taira
The licenses delegated under Regulation 23/2015 cover, among other things, the issuance of: (i) business licenses, (ii) recommendations, (iii) approvals and (iv) other types of licenses ("Delegated Licenses")...
By Makarim & Taira
Licenses issued before Regulation 3/2015 came into force remain valid until they expire. The Regulation has been in force since 7 January 2015.
By Makarim & Taira
On 12 March 2015, the Director of the Indonesian Stock Exchange (PT Bursa Efek Indonesia)issued Decree No. Kep-00023/BEI/03-2015 of 2015 on The Schedule for Determining Payment of a Cash Dividend.
By Makarim & Taira
In the verdict, presiding judge Iim Nurohim declared that the defendants had been negligent in respecting Jakarta residents' right to water.
By Makarim & Taira
On 5 January 2015, the Minister of Trade issued Regulation No. 4/M-DAG/PER/1/2015 of 2015 on Provisions to Use a Letter of Credit for Exporting Certain Commodities ("MOT Regulation 4").
By Lia Alizia, Candace Limbong, Brimanti Sari
On 30 June 2015, the Indonesian government issued Government Regulation No. 45 of 2015 on the Management of the Pension Security Program and Government Regulation No. 46 of 2015 on the Management of the Old Age Security Program.
Law 33 of 2014 requires that all products imported, distributed, or traded in Indonesia bear a halal certificate.
BEK is asked to strengthen the role of creative economic businesses, including protection for Indonesian creative crafts.
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