After the promulgation of Law No. 11 of 2020 on Job Creation ("Job Creation Law"), there are several laws that have been amended. One of them is Law No. 40 of 2007 on Limited Liability Company ("Company Law"). The following is the changes on the Company Law: Exception...
Background On 1 August 2018, the Government of Republic of Indonesia enacted the Minister of Law and Human Rights Regulation No. 17 of 2018 on Registration of Limited Partnership, Firm, and Civil Partnership. Registration of Deed of Establishment of CV, Firm, and...
The distribution of dividends in a Limited Liability Company ("Company") is regulated under Law Number 40 Year 2007 Concerning Limited Liability Company ("Company Law"). According to Company Law, all net profits after the deduction to be set aside as reserves shall be...
On 9 January 2018, Minister of Health of the Republic of Indonesia has enacted the Regulation of Minister of Health No. 60 Year 2017 regarding supervision of import order of imported medical devices, in vitro medical devices and household health supplies (“RMH...
Background To support the ease of business for entrepreneurs in trade, the Minister of Trade erases the obligation to renew the trade business license as regulated in the Regulation of Minister of Trade No. 07/M-DAG/PER/2/2017 on Third Amendment of Regulation of...
Background In order to support the ease of business for entrepreneurs in the field of trade, the Minister of Trade enacted the Minister of Trade Regulation No. 08/M-DAG/Per/2/2017 on Second Amendment of Minister of Trade Regulation No. 37/M-DAG/PER/9/2007 on...
Learning Point: Employers cannot just determine and specify provisions in the Company Rules and Regulations as freely as they want. There are limitations related to the provisions that can be determined and specified in the Company Rules and Regulations, namely should...
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...
Background Board of Commissioner of Financial Services Authority has stipulated a Regulation of the Financial Services Authority Number 21/POJK.04/2015, which come into force since 17 November 2015 (“RFSA 21/2015”). RFSA 21/2015 regulates the management guidelines of...