Posts by adminbpl
For Companies Interested in Hiring Retirees: Pay Attention To This!
For Companies Interested in Hiring Retirees: Pay Attention To This! Having exemplary employees who contribute positively to the company is the dream of every company. However, these employees are not always able to continue to give their best abilities, especially as they get older and they are hindered by the retirement age. A person who…
Read MoreFeeling Disadvantaged as the Result of an Agreement, How to Cancel It?
Feeling Disadvantaged as the Result of an Agreement, How to Cancel It? Aside from the substance of the cancellation, the court that has the authority to examine and decide the cancellation of the agreement itself must be considered. In several lawsuits for cancellation of agreements, there are several different reasons causing the cancellation to be…
Read MoreLKPM got Rejected? Here Are The Things You Should Know
LKPM got Rejected? Here Are The Things You Should Know “Negligence committed by entrepreneurs or enterprises results in the LKPM being rejected automatically, so that entrepreneurs or enterprises end up receiving administrative sanctions from the government.” For entrepreneurs and enterprises, the Investment Activity Report (Laporan Kegiatan Penanaman Modal or LKPM) is a mandatory report that…
Read MoreTermination of Employment without Prior Warning Letter Against Urgent Violations: Can it be Done?
Termination of Employment without Prior Warning Letter Against Urgent Violations: Can it be Done? Employment Agreements, Company Regulations and/or Collective Labor Agreements may set forth terms and conditions regarding urgent Termination of Employment, such as the period of giving warning letters. Termination of Employment (Pemutusan Hubungan Kerja or PHK) often causes unrest and has the…
Read MoreIssuance of Supreme Court Regulation Concerning Compensation for Victims of Crime
Issuance of Supreme Court Regulation Concerning Compensation for Victims of Crime (PERMA 1/2022) Not all proceeds of crime can be requested for restitution or compensation. Restitution and compensation only apply to some crimes. On March 1, 2022, Chief Justice of the Supreme Court Prof. Muhammad Syarifuddin officially announced Supreme Court Regulation Number 1 of 2022…
Read MoreResponsibility Regarding the Implementation of General Meeting of Shareholders
Responsibility Regarding the Implementation of General Meeting of Shareholders (GMS / RUPS) Rapat Umum Pemegang Saham or the General Meeting of Shareholders (“GMS”) is one of the organs of a limited liability company in Indonesia, in which the GMS has the authority that the Board of Directors and the Board of Commissioners do not have.…
Read MoreUnderstanding the types of Shares Ownership that can be classified as Controller of Publicly-Listed Companies
Understanding the types of Shares Ownership that can be classified as Controller of Publicly-Listed Companies Recently, Lippo Group’s insurance company, PT Lippo General Insurance Tbk (LPGI) was rumoured to be taken over by a life insurance company from Korea, PT Hanwha Life Insurance Indonesia. Hanwha Life reportedly bought 42.79% of Inti Anugerah’s shares in LPGI…
Read MoreAn Update on Indonesian Regulation regarding Foreign Workers’ Permit and Residence Permit
An Update on Indonesian Regulation regarding Foreign Workers’ Permit and Residence Permit As the interests of foreign investment in Indonesia have been increasing recently, foreign investors and the stakeholders within the companies certainly need to take into account the matters of the applicable laws and regulations concerning work permit and residence permit for Foregin Workers,…
Read MoreGet to Know the Requirements of Summarily Proving in a Bankruptcy Case
Get to Know the Requirements of Summarily Proving in a Bankruptcy Case The important role of the agreement that underlies the debt between creditors and debtors in court so that the requirements of evidence are met. The summarily proving requirements demand that a petition for a bankruptcy declaration to be granted. Then, the Bankruptcy Petitioner…
Read MoreNeglected to Report the Import Activities, Importing Companies Threatened with NIB Suspension
Neglected to Report the Import Activities, Importing Companies Threatened with NIB Suspension We should know the terms and conditions for the import approval of footwear, electronics, and bicycles and report it electronically for the NIB not to be suspended. A 50.6% increase in imports of consumer goods (MOM) in May-June 2020, with commodities including Footwear,…
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