This article will discuss and answer the legal relationship in bank guarantee agreement and will analyse court decision on breach of contract claim related to disbursement of bank guarantees. Apart from that, this article will also answer the question of whether it is necessary for the guaranteed party to be sued in a lawsuit on the disbursement of the bank guarantee.
This article discusses the amendments to Indonesia’s Investment Law under the Job Creation Law, highlighting their impact on the investment climate and ease of doing business.
On 1 April 2020, BKPM Regulation No. 1 of 2020 was enacted to guide the electronic integrated business licensing services via the OSS system. It details requirements for business licenses, investment values for foreign investments, and outlines responsibilities for business actors, including NIB registration, project classification, and fulfillment of commitments for various permits and licenses.
This article examines BKPM Regulation No. 5/2018 on corporate income tax deduction facilities for pioneering industries, including guidelines and procedures for obtaining such incentives.
This article highlights Government Regulation No. 9/2016 amending GR No. 18/2015 on income tax facilities for capital investment in specific business fields and regions, aimed at boosting growth and job creation.
Learning Point: A transfer cannot be carried out from one company to another company, despite being in one group because principally, the two companies are two different legal entities. Thus, in such matters, from the company transferring the employee, the employee is...
This article reviews Bank Indonesia Regulation No. 16/2014 on non-bank foreign exchange and money remittance activities, including licensing requirements, compliance obligations, and measures against money laundering and terrorism financing.
Background On 3 September 2015, Head of Capital Investment Coordinating Board of Indonesia has issued the Head of Capital Investment Coordinating Board Regulation Number 13 of 2015 on the Procedure of Applying for Facilities on Reduction of Entity Income Tax as lastly...
Background Procedure of procuring financing from foreign private creditors (“FPC”) is governed under Minister of Finance Regulation No. 45/PMK.08/2014 of 2014 (“MFR No. 45/2014”). This regulation has been enforced to renew the previous one, namely Minister of Finance...