Indonesia’s House of Representatives recently approved into law Government Regulation in Lieu of Law No. 2 Year 2022 on Job Creation (“Job Creation Regulation”), based on Law No. 6 Year 2023 on the Stipulation of Government Regulation No. 2 of 2022 in Lieu of Law No. 11 of 2020 on Job Creation into Law (“Law … Indonesia: Job Creation Regulation Becomes Law with Issuance of Law No. 6 of 2023
Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) has enacted new rules to regulate, inter alia, share ownership plans granted by foreign listed entities to employees, directors, and commissioners of their subsidiaries (“Employee Plan”). OJK Circular Letter No. 33/SEOJK.04/2022 dated December 30, 2022, regarding Guidelines for the Implementation of Securities Offerings Classified as Non-Public … Indonesia: New OJK Regulation and the Impact on Employee Share Plans
In response to the continued growth of the country’s e-commerce sector, the Indonesian government has implemented a mechanism to authorize and require foreign and domestic e-commerce providers to charge and collect value-added tax (“VAT”) on sales of digital goods and services to customers in Indonesia. The latest rules are set forth in Ministry of Finance … Indonesia Legal Update: Mechanism to Designate Foreign and Domestic E-Commerce Providers as VAT Collectors
The World Intellectual Property Organization (“WIPO“) first commemorated April 26 as World IP Day in 2001. However, intellectual property (“IP“) dates back much further, to at least Gutenberg’s printing press, and it has rapidly developed ever since and become embedded in many aspects of everyday life. This article is a reminder to relevant stakeholders of … Justification of IP Protection and Recent Developments in Indonesia
Indonesia’s competition authority, the KPPU (Komisi Pengawas Persaingan Usaha), has issued a new merger filing regulation, KPPU Regulation No. 3 of 2023 regarding Evaluation of Merger, Consolidation, or Acquisition of Shares and/or Assets which May Result in Monopolistic Practices and/or Unfair Competition (“KPPU Reg 3/2023”). Because this regulation is so new, certain provisions may require … Legal Alert: Indonesia – New Merger Filing Regulation
As Indonesia moves toward formally relocating its capital from Jakarta to Nusantara, in Kalimantan, the government recently issued a regulation meant to ease the process of doing business in the new capital and encourage companies to invest in Nusantara. Government Regulation No. 12 of 2023 regarding Business Licensing, Ease of Doing Business, and Capital Investment … Indonesia’s Capital Idea: New Regulation Encourages Investment in Nusantara
Indonesia’s Minister of Manpower on March 8, 2023, issued MOM Regulation No. 5 of 2023 regarding the Adjustment of Working Hours and Wages in Certain Export-Oriented, Labor-Intensive Companies Affected by Changes in the Global Economy (“MOM 5”). MOM 5 was issued to help certain export-oriented, labor-intensive companies facing continuity of work and continuity of business … Indonesia to Allow Certain Companies to Adjust Working Hours, Wages
SSEK partners Fitriana Mahiddin and Syahdan Z. Aziz , and Fadhira Mediana, an associate at the firm, have contributed the Indonesia chapter to International Comparative Legal Guide – Oil & Gas Regulation 2023, published by Global Legal Group. ICLG – Oil & Gas covers common issues in oil and gas laws and regulations, including development … SSEK Contributes Indonesia Chapter to Oil and Gas Guide
International Comparative Legal Guide – Oil & Gas Regulation 2023, published by Global Legal Group. ICLG – Oil & Gas covers common issues in oil and gas laws and regulations, including development of oil and natural gas, import/export of natural gas, LNG, import/export of oil, transportation, transmission and distribution and foreign investment. Download the Indonesia … Oil and Gas Regulation – Indonesia
Indonesia’s Director General of Sea Transportation (Direktur Jenderal Perhubungan Laut or “DJPL”) has issued a regulation that eases the moratorium it placed on the issuance of new Special Port Licenses and the extension of Private Port for Temporary Public Use Licenses last year. The DJPL issued Decree No. KP-DJPL 762 of 2022 dated December 22, … Indonesia Eases Moratorium on Private Port Licenses
