The crypto industry in Indonesia falls under the auspices of the Commodity Futures Trading Supervisory Body (Bappebti), under the Ministry of Trade (MOT) and in coordination with other institutions such as the Financial Services Authority (OJK), Bank Indonesia (BI) and the Ministry of Communication and Informatics (the MOCI). The MOT has acknowledged cryptoassets, including but … Legal Framework Governing Cryptoassets in Indonesia
In the context of litigation in Indonesia, are there any rules governing the settlement process? Can parties keep settlement discussions confidential from the court? The presiding judge is mandated to oblige the parties involved in a case to undergo a settlement procedure (i.e., mediation) prior to the case examination. Should the attempt at settlement prove … Litigation in Indonesia: A Quick Look at the Settlement Process
As background, the probation period in Indonesia is recognized by Article 60 of Law 13/2003 on Manpower as amended. A probation period can only be required for employees with an Indefinite Term Employment Agreement (Perjanjian Kerja Waktu Tidak Tertentu or “PKWTT”), with a maximum period of three months. The elucidation of the article further states … Indonesia Legal Update: Termination of Employment During Probation Period
Normal working hours in Indonesia are prescribed by Government Regulation No. 35/2021 of 2 February 2021 regarding fixed-term employment agreements, outsourcing, working hours and rest hours, and termination of employment (GR 35/2021) as not more than seven hours per day and 40 hours per week based on a six-day working week or eight hours per … Terms of Employment in Indonesia
Indonesia’s Personal Data Protection (PDP) Law stipulates that personal data is the data of individuals that can be directly or indirectly identified, either on their own or in combination with other information. The PDP Law provides three types of personal data relevant to health data, which are: health data and information: individual records or … What Constitutes ‘Health Data’ in Indonesia?
The third amendment to Indonesia’s Shipping Law, through Law No. 66 of 2024 regarding the Third Amendment to Law No. 7 of 2008 on Shipping (“Third Amendment”), had a massive impact on Indonesian shipping joint ventures, i.e., shipping companies with a foreign entity as a shareholder (“Shipping JV”). The Third Amendment introduces, among other things, … Shifting Tides: The Third Amendment to the Shipping Law and Its Impact on Indonesian Shipping Joint Ventures
Indonesia’s Immigration Law and Labor Law require foreigners to be employed by an Indonesian employer to legally work in Indonesia. It is the employer, and not the employee, who is required to obtain a work permit to allow its foreign worker to legally work in Indonesia. The employer must apply for the work and immigration … Employer Sponsorship and Work Permits in Indonesia
SSEK Law Firm has contributed Indonesia updates to Global Guide Quarterly: Labor and Employment Law Updates from Around the Globe. The guide is organized and published by Littler Mendelson P.C., a global law firm that specializes in labor and employment law. The Global Guide Quarterly (GGQ) is published quarterly to provide high-level and concise coverage … Labor and Employment Law Updates from Indonesia and the World
In a decisive move to streamline Indonesia’s upstream oil and gas sector, the Minister of Energy and Mineral Resources (“MEMR”) issued Regulation No. 13 of 2024 (“MEMR Reg 13/2024”), introducing a revised framework for Gross Split Production Sharing Contracts (“Gross Split PSC”). MEMR Reg 13/2024 alters the commercial landscape for oil and gas upstream companies operating in … Gross Split Production Sharing Contracts: Commercial Insights from Indonesia’s MEMR Regulation No. 13 of 2024
Disclosure obligations in the context of an M&A transaction in Indonesia depend on the type of company, such as non-public and public. For example, the acquisition of a non-public company obliges companies to announce the transaction through a nationally circulated newspaper before closing the deal. For an acquisition related to a public company, companies are … Corporate M&A In Indonesia – Negotiation Phase
