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Archive for February 2017

BKPM to standardize investment procedures, forms

The Investment Coordinating Board (BKPM) plans to create one-size-fits-all standards to better serve potential investors across the country, in response to complaints about different registration forms and procedures in various regional administrations. BKPM head Thomas “Tom” Lembong told 531 representatives of regional investment agencies (DPM PTSP) during the BKPM National Coordination Meeting in Nusa Dua,…

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FINANCIAL AUTHORITY LAUNCHES BANKING REGULATION DIGITAL LIBRARY

The Financial Services Authority (OJK) launched on Monday its new website that compiles hundreds of scattered banking regulations. The website, called the Online Banking Regulation Information System (SIKePO), functions as a digital library that provides information about banking regulations that is accessible not only to the industry but also the public, OJK commissioner for banking…

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Flashback of 5 Biggest Cartel Cases In Indonesia

Shocking news came from the Business Competition Supervisory Commission (KPPU). It stated that Yamaha Indonesia Motor Manufacturing (YIMM) and Astra Honda Motor (AHM) found guilty of price fixing. Both companies were convicted of cartel practices in accordance with case 04 / KPPU-I / 2016 about the alleged of cartel on February 22, 2017. YIMM and…

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SMALL CLAIMS COURT (SIMPLE LAWSUIT) CAN BE APPLIED IN THE RELIGIOUS COURT

“Like the civil lawsuits at district court, nowadays the process of Islamic Economy case in the religious court could be completed within 25 working days since the first day of hearing.” Pursuant to the Supreme Court Regulation Number 14 of 2016 regarding Settlement Procedures of the Islamic Economy Case, Islamic economy case can be resolved…

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CAN A COMPANY SOLELY CONDUCT THE LAYOFF?

The public understanding of the Employment Termination (PHK), as of termination taken unilaterally by the company is the wrong thing. Referring to the Labor Law,  a layoff is a termination of employment for a particular issue that resulted in termination of rights and obligations between employees and companies. Thus, layoffs may occur because of the…

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PERSONAL SECURITY IS ONE CHOICE OF COLLATERAL THAT YOU CAN USE

In any loan agreement, debtors (debt parties) will be charged with an obligation to provide collateral of repayment of debts owed to be submitted to the creditors. There are two kinds of collaterals; those are material and individual collaterals. When the debtor does not have the goods or valuable assets that can be charged as…

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CHECK THIS OUT! Here are Stages in Handling Corporate Crime

Today, the crime mode is growing. A crime is not always committed by individuals, but also institutions, such as corporations. In response to this, a year ago, the Supreme Court (MA) issued Regulation Number. 13 Year 2016 on Procedures of Handling Criminal Acts by the Corporation. However, in reality the corporation is involved in various…

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