By Ira A. Eddymurthy and Nico Mooduto Joint ventures with foreign parties are allowed in Indonesia. The rules relating to the validity and authorization of JVs with foreign parties are mainly set out in Law No. 25 of 2007 regarding Capital Investment (the Investment Law). Additionally, specific regulations issued by the Indonesian Investment Coordinating Board … Joint Ventures With Foreign Members in Indonesia
By Ira A. Eddymurthy and Maria Yudhitama Under the Indonesian Commercial Code, insurance is an agreement between the insurer (insurance company) and the insured party under which the insurer agrees to compensate the insured party for losses, damages or loss of revenues on the occurrence of uncertain events, in return for receiving premiums from the … Insurance and Reinsurance Contracts in Indonesia
Article 28(G) of the 1945 Constitution is considered as the basis for more specific data privacy legislation in Indonesia. Article 28(G) provides that every person has the right to: (i) protection of their personal selves, families, respect, dignity and possessions under their control; and (ii) security and protection from threat of fear for doing, or … Data Protection in Indonesia
By Ira A. Eddymurthy and Nico Mooduto There are various laws and regulations that govern the terms that can be included in joint venture (JV) agreements in Indonesia, including Law No. 40 of 2007 regarding Limited Liability Company (the “Company Law”) and the Indonesian Civil Code. There are additional regulations for JVs operating in certain … Joint Ventures in Indonesia
By Winnie Y. Rolindrawan and Meta N. Mustikaningrum Data Breaches A data breach involving a financial institution in Indonesia does not trigger an immediate reporting requirement to the relevant authority. Instead, periodical reports on consumer complaints and further services and settlements provided to such consumers must be made to the Financial Services Authority (OJK) or … Data Protection in Indonesia: Breaches and Marketing
By Winnie Y. Rolindrawan and Sabrina W. Kusumoprojo Indonesia’s National Land Agency has issued guidelines for land freezes and land seizures and how individuals and companies can initiate such actions. Head of National Land Agency Regulation No. 13 of 2017 regarding Procedures for Land Freeze and Land Seizure (Reg. 13/2017) is intended to cover all … Procedures for Land Freezes and Land Seizures in Indonesia
By Winnie Y. Rolindrawan and Meta N. Mustikaningrum Banks in Indonesia are subject to bank secrecy/confidentiality obligations grounded in Law No. 7 of 1992 regarding Banking, as lastly amended by Law No. 10 of 1998 (Banking Law). Under the Banking Law, banks and their affiliates are required to keep confidential information regarding its depositing customersas … Bank Secrecy and Data Protection in Indonesia
By Winnie Y. Rolindrawan and Meta N. Mustikaningrum The Indonesian Minister of Communication and Informatics (MOCI) issued Regulation No. 20 of 2016 regarding the Protection of Personal Data in Electronic Systems (MOCI Reg. 20) to regulate the protection of personal data by electronic system providers in Indonesia. This regulation strengthens existing data protection obligations (e.g., … Data Protection in the Indonesian Financial Services Sector
A number of regulations have been issued that are significant for the regulatory development of Indonesia’s seaports sector. We highlight the most crucial of these regulations. A. Ministry of Transportation (MOT) Regulation No. 146 of 2016 regarding the Amendment of Ministry of Transportation Regulation No. 51 of 2015 regarding the Implementation of Seaports (the Seaport … Seaports in Indonesia: Regulatory Developments
By Denny Rahmansyah According to the Annual Report of the Corruption Eradication Commission (Komisi Pemberantasan Korupsi or KPK), the KPK carried out 96 examinations, 99 investigations and 76 prosecutions last year. Seventy cases were decided and received final and legally binding judgments. Judicial decisions were executed for 81 cases in 2016. These numbers show an … Anti-Corruption Developments in Indonesia
