By Fransiscus Rodyanto and Bima Danubrata Adhijoso A recently published surveyor report (laporan surveryor) on Indonesian coal exports noted that as of March 2019, of 1,095 coal shipments in 2019 only 9% were insured under a national insurance company. This number is alarming for both the Government and coal exporters in Indonesia, given that just … Does National Insurance Requirement Mean Rough Seas for Coal Shipments?
The formation process of a limited liability company (PT) in Indonesia is as follows: Reserving the name of the PT with the Ministry of Law and Human Rights (MOLHR). This is usually handled by a notary. The name of the PT must be in Indonesian. Other statutory requirements are set out in Government Regulation No. … Establishing a Business in Indonesia – Forming a Private Company
Indonesia’s Electronic Information Law, Government Regulation 82 regarding the Implementation of Electronic Systems and Transactions, and MOCI Regulation 20 regarding the Protection of Personal Data in Electronic Systems (jointly referred to as the PDP Regulations) do not provide a specific definition of sensitive data, and consequently no special issues apply. There are, however, several laws … Data Protection and Cybersecurity in Indonesia: Sensitive Data
Limited liability companies in Indonesia are being required to amend Article 3 of their Articles of Association (AoA) so their purpose, objectives and business activities conform to the 2017 Standard Indonesian Business Field Classifications (KBLI) used as a reference by the BKPM, as the agency overseeing the Online Single Submission (OSS) system. The Indonesian Ministry … Deadline Looming for Companies in Indonesia to Amend Articles of Association
By Denny Rahmansyah Indonesian law is silent as to the warranties that should be given in a real estate sale transaction, by both the seller and the buyer. Representations and warranties, as well as the buyer\'s remedies for the seller\'s misrepresentation, in a real estate sale transaction shall be freely agreed between the seller and … Representations and Warranties in an Indonesian Real Estate Sale Transaction
There is no prohibition against background checks on job applicants in Indonesia. Employers in Indonesia can perform background checks on applicants themselves or by using a third-party service. Certain background checks are, in practice, subject to the consent of the applicant. Medical Checks An employer can require a potential employee to undergo a medical examination … Labor and Employment Law in Indonesia – Background Information on Applicants
Limited liability companies in Indonesia are being required to amend as necessary Article 3 of their Articles of Association (AoA) so their purpose, objectives and business activities conform to the 2017 Standard Indonesian Business Field Classifications (KBLI) used as a reference by the BKPM, as the agency overseeing the Online Single Submission (OSS) system. The … Client Alert: Deadline Looming for Companies in Indonesia to Amend Articles of Association
By Rusmaini Lenggogeni The principal bodies and functions involved in the governance and management of Indonesian companies under the Company Law are the General Meeting of Shareholders (GMS), Board of Directors (BOD) and Board of Commissioners (BOC). The BOD constitutes the company\'s management. The members of the BOD are the day-to-day operating officers of the … Bodies and Functions Involved in Governance and Management of Indonesian Companies
The Indonesian Supreme Court has introduced the e-Litigasi, or e-Litigation, application intended to make the court process in the country faster, simpler and less expensive. Supreme Court Regulation No. 1 of 2019 regarding the Administration of Lawsuits and Court Proceedings by Electronic Means (SC Reg 1/2019) was issued on August 19, 2019, and came into … Court Proceedings Go Digital in Indonesia
The Minister of Manpower has issued a decree containing a positive list of those positions that are open to expatriate workers in Indonesia. After intensive discussions among various foreign business chambers and the Ministry of Manpower and other government institutions since March of this year, Minister of Manpower (“MOM“) Decree No. 228 of 2019 (“MOM … Client Alert: New Rules on Positions for Expatriate Workers in Indonesia
