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An Individual Now Is Able to Establish a Limited Liability Company Businesses Government

An Individual Now Is Able to Establish a Limited Liability Company

Law No. 40 of 2007 on the Limited Liability Companies (the “Company Law”) has been amended by Law No. 11 of 2020 on the Job Creation (the “Omnibus Law”), in which introduces several aspects related to the micro and small-scale businesses. Following the issuance of the Omnibus Law, on the 2nd of February 2021, the …

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Structured Warrant as Capital Market Product - OJK finally issued a regulation that governs the issuance of Structured Warrant

Structured Warrant as Capital Market Product – OJK finally issued a regulation that governs the issuance of Structured Warrant

Indonesia Financial Services Authority/Otoritas Jasa Keuangan (“OJK”) recently issued a long-awaited regulation with respect to warrants through the issuance of the OJK Regulation No. 8/POJK.04/2021 on the Structured Warrant (“POJK 8/2021”), which came into effect on 19 March 2021. The newly introduced Structured Warrant is expected to increase the needs of market deepening, an alternative …

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A More Strict Sanctions for the Implementation of the Prohibition of Monopolistic Practices and Unfair Business Competition

More Strict Sanctions for the Implementation of the Prohibition of Monopolistic Practices and Unfair Business Competition

To boost the country’s new investments, to promote a healthier business climate and to emphasize fair business competition within the framework of professional and accountable supervision, the government has enacted Law No. 11 of 2020 on the Job Creation (the “Omnibus Law“). The Omnibus Law has amended several laws, including Law No. 5 of 1999 …

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Issuance of Indonesia Government Regulation 182021 as Indonesia’s Property Business Incentives Right

Issuance of Government Regulation 18/2021 as Indonesia’s Property Business Incentives

To overcome various bureaucratic and regulatory barriers that impede the economic and business growth in Indonesia, President Joko Widodo issued Law No. 11 of 2020 on Job Creation (“Omnibus Law“), covering amendments to various laws and regulations, including the pre-existing regulations regarding land. To implement the Omnibus Law, the government on the 2nd of February …

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Indonesian Government Employment Law Update: New Provision on Termination and Severance Payment Outsourcing PKWT Work Manpower

Indonesian Employment Law Update: New Provision on Termination and Severance Payment

In order to improve the quality of the workforce and competitiveness due to the dynamics of globalization and the rapid development of information technology, changes have occurred in the social and economic order, including the manpower sector. These changes pose a strategic challenge that ultimately demands the productivity and competitiveness of human resources. Hence, as …

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Manpower in Indonesia: New Regulation on the Utilization of Expatriates RPTKA

New Manpower Regulation on the Utilization of Expatriates

Manpower Expatriates Regulation RPTKA The government issued Law No. 11 of 2020 concerning Job Creation (“Omnibus Law“) in 2020. The Omnibus Law is expected to support the employment opportunity through increased investment. To further implement the Omnibus Law and to upgrade the previous regulation, on 2 February 2021 the government issued Government Regulation No. 34 …

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OJK Regulation on the Public Offering of Securities by Electronic Means System

OJK Regulation on the Public Offering of Securities by Electronic Means

To encourage a more robust and transparent capital market scene in Indonesia, Indonesia Financial Services Authority/Otoritas Jasa Keuangan (“OJK”) issued a regulation setting out the provisions on the system, procedures and requirements of the electronic public offering or shall be known as electronic Indonesia public offering system (“e-IPO System”). With the issuance of the OJK …

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New Regulation On The Material Transactions And The Business Activities Alterations

New Regulation On The Material Transactions And The Business Activities Alterations

Nacounsels – On 20 April 2020, the Financial Services Authority (“OJK”) issued the Regulation of the OJK No. 17/POJK.04/2020 on the Material Transactions and the Business Activities Alterations (“POJK 17/2020”) replacing and updating the Capital Markets and Financial Institutions Supervisory Agency (“BAPEPAM-LK”) regulation on the Material Transactions and the Main Business Activities Alterations which was …

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