(11 December 2020) The Indonesian Government recently passed Law No. 11 of 2020 regarding Job Creation (the \"Omnibus Law‚Äù). The stated aim of the Omnibus Law is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Law, among other … Indonesia Omnibus Law and the Impact on Tax Laws
The principal law governing data protection in Indonesia is Law No. 11 of 2008 regarding Electronic Information and Transactions, as amended by Law No. 19 of 2016 (“Electronic Information Law“). In addition to the Electronic Information Law, rules governing personal data protection are also found in Government Regulation No. 71 of 2019 regarding the Implementation … Indonesia Data Protection Laws and Regulations – Processing Personal Data
Shareholder activism is not a defined term, nor is it recognized under any laws in Indonesia. The Indonesian Company Law, however, does provide minority shareholders with certain rights. These rights give them the ability to initiate certain actions that are essentially intended to protect them against potential losses that might be caused by a company’s … Corporate M&A in Indonesia – Activism
The predominant board structure in Indonesia is best categorized as two-tier. The first tier is the board of directors (BOD), which acts as an executive to the company and is responsible for its day-to-day operation (article 92(1) of Law No. 40 of 2007 regarding Limited Liability Companies (the Company Law). The second tier is the … Corporate Governance in Indonesia – Responsibilities of the Board
Indonesia’s closely watched omnibus bill on job creation was ratified by Indonesian President Joko Widodo as the Job Creation Law on November 2, 2020 and came into force on that date. The stated aim of the Job Creation Law is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to … Omnibus Job Creation Law – Changes to Indonesian Employment Laws
There are statutory restrictions in Indonesia on the quorum of general meetings of shareholders (GMS). A GMS can be held and is entitled to adopt resolutions if shareholders representing more than half of the company’s shares with voting rights attend or are represented at the meeting, unless the articles of association (AOA) require a higher … Establishing a Business in Indonesia – Shareholder Meetings
Registration of a domain name in Indonesia is administered on a first-come, first-served basis. The process, which is straightforward, is initiated by the domain name user submitting an application along with the required supporting documents to the domain name registrar. The domain name registration process shall not take more than five business days after a … E-commerce in Indonesia – Domain Names
The Indonesian Government enacted Law No. 11 of 2020 regarding Jobs Creation (the “Omnibus Law“) on November 2, 2020. The stated aim of the Omnibus Law is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process to improve the ease of doing business in Indonesia. The Omnibus Law amends various … Indonesia’s Omnibus Law Puts Focus on Direct Use of Geothermal Resources
Law 4/2009 on Coal and Mineral Mining (Law 4/2009) obliges mining permit (IUP) and special mining permit (IUPK) holders to pay dead rent and royalties, which are categorized as non-tax state revenue (PNBP). The draft Amendment to Law 4/2009 (the Mining Law Amendment) additionally provides that PNBP includes other types of PNBP in accordance with … Mining in Indonesia – Duties, Royalties and Taxes
SSEK Legal Consultants has contributed the Indonesia section of the new Asia Employment Law: Quarterly Review of employment law developments across 15 jurisdictions in Asia. In this edition, experts from around Asia flag and comment on employment law developments during the third quarter of 2020 and highlight some of the major legislative, consultative, policy and case law … Employment Law Quarterly Update for Indonesia and Asia
