Indonesia’s Company Law (Law No 40 of 2007 regarding Limited Liability Companies, as last amended by the provisions of the Job Creations Law) recognizes three primary bodies within the corporate structure of Indonesian companies: the board of directors (BOD), the board of commissioners (BOC), and the general meeting of shareholders (GMS). Each of these principal … Corporate Governance in Indonesia: Management of a Company
Pursuant to Law No. 27 of 2022 regarding Personal Data Protection (PDP Law), personal data is understood as all data concerning a person, whether identified or who may be identified independently or when combined with other information, either directly or indirectly, through an electronic or non-electronic system. The PDP Law recognizes two types of personal … Indonesia Data Protection: What Categories and Types of Personal Information Are Covered by the Law?
From nickel to gold, Indonesia is recognized as having one of the world’s largest mineral reserves. Given the importance of the mining sector to the nation’s economic growth and the global market, there is a need for more favorable regulation of Indonesia’s mining sector to ensure standards of compliance that protect employees, communities, and the … Indonesia Mining Sector: Regulatory Changes Pave the Way for Local Empowerment
The main alternative dispute resolution (ADR) methods in Indonesia are mediation, adjudication and conciliation, with mediation being the most popular. Most Indonesian parties attempt to settle disputes amicably through discussion and negotiation without a particular ADR framework. ADR is commonly used in sectors such as construction and mining. Construction disputes are often settled through adjudication, … Quick Look at ADR in Indonesia
Generally, an employment contract in Indonesia can either be a fixed-term (definite) or an indefinite-term (permanent) contract. Fixed-term employment agreements are subject to stricter requirements compared to indefinite-term employment agreements. A fixed-term employment agreement must be in writing in the Indonesian language or in a bilingual format. Additionally, a fixed-term employment agreement cannot include a … Quick Guide to Employment Contracts in Indonesia
Investors looking to acquire a stake in digital health ventures must undertake a comprehensive due diligence process that covers that covers the various key matters and issues, including corporate, licensing, IP and data protection. In terms of corporate matters, assessing the company’s corporate status and regulatory compliance is paramount. To establish a new joint venture … Looking to Acquire a Stake in a Digital Health Venture in Indonesia? Understand the Due Diligence Process
On July 9, 2024, Indonesia’s central bank, Bank Indonesia (“BI”), issued a regulation setting out a framework to harmonize the development and implementation of competency standards in the field of payment systems. BI Regulation No. 5 of 2024 regarding the Standardization of Competencies in the Payment Systems Field (Standardisasi Kompetensi di Bidang Sistem Pembayaran or … Deadline Looming as New BI Regulation Requires Payment System Providers in Indonesia to Allocate Human Resources Development Funds
Some of the notable changes to the limited stay visa (visa tinggal terbatas or VITAS) and limited stay permit (izin tinggal terbatas or ITAS) under Government Regulation No. 40 of 2023 regarding Implementing Regulation of the Immigration Law (GR 40/2023) and Minister of Law and Human Rights (MOLHR) Regulation No. 22 of 2023 regarding Visa … Indonesia Corporate Immigration – What to Know About VITAS and ITAS
To strengthen the national health system, the Indonesian Government issued Law No. 17 of 2023 regarding Health on August 8, 2023. Known as the Omnibus Health Law, it replaced 11 laws and unified all regulatory provisions in the health sector under a single regulation. The Government issued Government Regulation No. 28 of 2024 (“GR 28/2024”) … Indonesia Health Law Update – Tobacco Products and E-Cigarettes
In Indonesia, antitrust regulations crucial for mergers and acquisitions include the following: Law No. 5 of 1999 regarding the Prohibition of Monopolistic Practices and Unfair Business Competition, as last amended by the Job Creation Law (Anti-Monopoly Law). Government Regulation No. 57 of 2010 regarding Mergers, Consolidations of Business Entities, and Company Share Acquisitions that … Corporate M&A and Antitrust Regulations – Indonesia Legal Update
