Indonesia’s Law No. 37 of 2004 regarding Bankruptcy and Suspension of Debt Payment Obligations (the Bankruptcy Law) sets forth the requirements for filing a bankruptcy petition. The essential requirement is that there must be two or more creditors and at least one mature but unpaid debt for a bankruptcy action to be initiated against a … Indonesian Legal Review: Bankruptcy
The Financial Services Authority (the OJK) has had regulatory authority over Indonesian banks, except Bank Indonesia (BI), since December 31, 2013, as stipulated under Law No. 21 of 2011 regarding the Financial Services Authority. BI is Indonesia’s central bank and maintains jurisdiction over the monetary supply. Bank Acquisition Trends The OJK changed its policy in … Indonesian Legal Review: Banking
The Indonesian Government has released a new Negative Investment List, commonly known as the DNI. The 2016 DNI, contained in Presidential Regulation No. 44 of 2016, replaces the 2014 Negative Investment List. Indonesia’s Negative Investment List contains those industries and business areas in which investment is prohibited or restricted. You can find an English translation of the … English Translation of New Negative Investment List
The Indonesian Government has released a new Negative Investment List, commonly known as the DNI. The 2016 DNI, contained in Presidential Regulation No. 44 of 2016, replaces the 2014 Negative Investment List. Indonesia’s Negative Investment List contains those industries and business areas in which investment is prohibited or restricted. Click here for the Indonesian-language 2016 Negative Investment … Indonesian Government Issues New Negative Investment List
On September 22, 2015, the Indonesian Centre for Arbitration and Alternative Dispute Resolution for Construction, BADAPSKI, held its first seminar to announce its existence as a dispute resolution body in the field of construction. BADAPSKI was established by the Minister of Public Works on August 19, 2014 pursuant to Law No. 18 Year 1999 regarding … Indonesian Legal Review: Arbitration and Mediation
SSEK Legal Consultants has contributed the Indonesia chapter to the Asia Regional Guide to Background Checks, which provides an overview of legal and practical issues relating to background checks in 17 countries in the region. The publication covers a wide range of background checks, from criminal record checks to drug and alcohol testing, and identifies … Guide to Background Checks
This article focuses on the types of business activities that can be conducted at airports pursuant to the most recent regulations. The regulation of airports is under the jurisdiction of the Ministry of Transportation (the MOT). The most recent basic regulation on airport business activities is MOT Regulation No. 69 of 2013 on the Order … Indonesian Legal Review: Airports
Law No. 24 of 2009 regarding the National Flag, Language, Emblem and Anthem (July 9, 2009) (the Language Law) was very likely not one of the most visited regulations until the West Jakarta District Court rendered a groundbreaking decision in 2013 (i.e., West Jakarta District Court Decision No. 451/Pdt.G/2012/PN.Jkt.Bar (the Court Decision No. 451) that … Indonesian Legal Review: Language Law
Many retail transactions today are conducted through websites or mobile applications – in other words, they are digitalized. Business actors in Indonesia often raise the question whether there are any Indonesian legal restrictions on digitalizing their businesses through websites or mobile applications. There is no specific Government of Indonesia (GOI) law or regulation that deals … Indonesian Legal Review: E-Commerce
By Tanita Dhiyaan Rahmani On March 16, 2016, Indonesian President Joko Widodo announced a plan to simplify business licensing in Indonesia by revoking five existing business permits issued at the regional level. These five business permits are: Building Location Permit (Surat Izin Tempat Usaha): A permit for individuals and legal entities to establish a place … Proposal to Revoke Five Business Permits in Indonesia
