As digital currencies increasingly appeal to the curiosity of Indonesians for all types of causes, there isn’t a regulation in Indonesia that offers specifically with virtual currency, a niche regulators hope to close. Indonesia New Coal Pricing Regulation Against a backdrop of rising coal costs, election-pushed utility-worth freezes, and a lower than anticipated uptick in electrical energy demand, the Government has launched a brand new decree designed to cap coal prices for public curiosity electricity provide. New Abandonment and Site Restoration Obligations Upstream Oil and Gas Activities Indonesia’s Minister of Energy and Mineral Resources has regulated abandonment and web site restoration actions, or publish-operation actions, for the upstream oil and gas sector. Indonesian Government Publishes 2017 Cost of Electricity Generation Figures The Government recently issued Decree No. 1772 K/20/MEM/2018 which illustrate the costs to PLN of procuring energy from the different techniques/sub-systems all through Indonesia.

  • Compliance Road Map for Companies in Indonesia Compliance is a crucial issue for international funding companies doing enterprise in Indonesia.
  • New Regulation on Capital Investment Licensing and Facilities Implementation To implement Government Regulation on the Acceleration of Business Implementation, the Head of BKPM issued Regulation No. 13 of 2017 on Guidelines and Procedures for the Implementation of Capital Investment Licensing and Facilities.
  • Notably, the transparency and technical documentation requirements within the EC’s Artificial Intelligence Act are way more extensive than those outlined in current legislation inside the U.S.
  • Second, even New York City residents who would stand to lose the most from the adjustments included in the Budget still benefit from the Deferral Benefit and the Reduction Benefit on their federal taxes.

EWHC involved a scheme of association under Part 26 of the Companies Act between a company and its collectors. The purpose of the scheme was to facilitate a debt-for-fairness swap and a subsequent rights problem in order that the company may avoid formal insolvency proceedings. The High Court has held that a failure to comply with the statutory requirement to set out the pursuits of administrators in a scheme of arrangement proposed by an organization did not essentially stop the courtroom from sanctioning the scheme.

Gujarat Day Within The Supreme Court Docket

The Fees for Intervention cost for inspectors’ time is not coated within the laws, however the hourly price is predicted to increase from the current £157 earlier than the tip of April 2021. Our six-monthly legal update report is designed to enable you to proactively address legal points by offering an update on related legal points from the previous six months and highlighting issues which ought to be recognized or addressed in the forthcoming six months. These updates might be out there for 1 hour of CE credit score that satisfies the CE requirement for coaching on legal issues. CE credit is available on a primary come, first served foundation, but the updates may also be reside streamed (for non-CE credit) to look at. Additionally, these updates might be recorded and posted to for viewing in your schedule. The Mayer Brown Practices and Mayer Brown Consultancies are established in numerous jurisdictions and may be a legal individual or a partnership.

Data Categorization for Electronic System Operators Providing Public Services The MOCI has issued a draft amendment to Government Regulation No. eighty two of 2012 which requires digital system operators providing public providers to have onshore data centers and disaster restoration centers. New Government Regulation on Foreign Ownership within the Insurance Sector The government issued new Government Regulation No. 14 of 2018 on Foreign Ownership Limitation in Insurance which supersedes and replaces previous government regulation in the insurance coverage sector. Indonesia Looks to Simplify Business Licensing With OSS System As a part of the push by the administration of President Joko Widodo to improve the benefit of doing enterprise in Indonesia and improve investment, the federal government has issued Government Regulation Number 24 of 2018 concerning Online Business Licensing Services . Terminating an Employment Relationship in Indonesia Under Law No. 13 of 2003 relating to Labor (the “Labor Law”) and different prevailing labor legal guidelines and laws, employment-at-will and termination upon simple discover usually are not acknowledged in Indonesia. Indonesian Government Imposes VAT on Imported Digital Goods and Services Indonesia’s Minister of Finance (“MOF”) recently issued a regulation on the imposition of worth-added tax (“VAT”) on intangible taxable items and companies, together with digital goods and companies, from international know-how companies which are utilized in Indonesia.

Excessive Court Docket Dismisses Trademark Infringement And Passing

New Regulation on Capital Investment Implementation Monitoring On 4 December 2017, the Head of BKPM issued Regulation No. 14 of 2017 on Guidelines and Procedures for Capital Investment Implementation Monitoring. Gratification Control in BPOM Institution On 10th October 2017, the Food and Drugs Supervisory Agency (“BPOM”) issued Regulation No. 20 of 2017 on Control of Gratification in BPOM (“Regulation 20”), which took effect on 13thOctober 2017. Manpower Ministry Issues Regulation on Delegation of Licensing Authority to the BKPM In December 2017, the Indonesian Ministry of Manpower issued Regulation No. 22 of 2017 on the Implementation of the One-Stop Integrated Service for the Manpower Sector on the BKPM. Current Policy on the Completion of Applications for Registration of Marks DGIP issued Circular Letter No. HKI.four.UM.01.01-10 on Completion of Applications for Registration of Marks that speeds up the completion of applications to register marks that have been filed earlier than the enactment of Law No. 20 of 2016 on Marks and Geographical Indications.

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