Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of Law No. 11 of 2020 regarding Job Creation (2 November 2020) (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, … Indonesia Omnibus Law – Changes to the Immigration Law
Protections for shareholders and/or minority shareholders under the Indonesian Company Law are as follows: A shareholder can file a claim at the district court against the company if they suffer unfair and unreasonable losses as a consequence of resolutions of the general meeting of shareholders (GMS), board of directors (BOD), or board of commissioners … Establishing a Business in Indonesia – Shareholders and Voting Rights
Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of Law No. 11 Year 2020 on Jobs Creation (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 revises various provisions … Indonesia Omnibus Law – Changes to the Halal Products Law
By regulation, an electronic system provider in Indonesia is obligated to guarantee the security of the software used to facilitate and administer the electronic system services, as well as to assure that an information security agreement is available. In practice, an electronic system provider is required to establish a security system that has a system … E-commerce in Indonesia – Security
Under Law 4/2009 on Coal and Mineral Mining (Law 4/2009), mining license holders may apply to the relevant issuing authority (ie, the Ministry of Energy and Mineral Resources (MEMR) or governor, as relevant) to extend the initial term of the mining permit (IUP) that is due to expire. Under MEMR Regulation 7/2020, applications for the … Mining in Indonesia – Renewal and Transfer of Mineral Licenses
Indonesia’s closely watched omnibus jobs creation bill recently became law. The stated aim of Law No. 11 of 2020 regarding Jobs Creation (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 provisions … Indonesia Omnibus Law – Changes to the Mining Law
Typical forms of exit used to realize a private equity fund’s investment in a successful company in Indonesia are: A sale of shares to another company. A sale to another private equity. An IPO. Advantages and Disadvantages The advantages and disadvantages will vary from deal to deal. As an illustration, if the private equity … Private Equity in Indonesia – Exit Strategies
Indonesia’s closely watched omnibus jobs creation bill recently became law. 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 revises various provisions in laws across numerous sectors, including Law No. … Indonesia Omnibus Law – Changes to the Company Law
The administration of President Joko Widodo has set new growth targets for the use of new and renewable energy (“NRE“), e.g. nuclear, solar, water, biomass. It aims to have NRE make up at least 23% of Indonesia’s total energy consumption by 2025 and 31% by 2050. These targets are set out under Indonesia’s National Energy … Indonesia Looks to Foster Development of Rooftop Solar Panels
The Indonesian House of Representatives (DPR) recently passed the Omnibus Bill on Job Creation (the “Omnibus Bill“). The stated aim of the Omnibus Bill 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 Bill, among other things, amends … Indonesia Omnibus Bill – Changes to the Electricity Law
