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LAW ON HALAL PRODUCT GUARANTEE IMPLEMENTS MANDATORY HALAL LABELING
The House of Representatives passed the Law on Halal Product Guarantee(“Halal Law”) to provide legal certainty toward the Halal condition of a product, which is proven by a Halal Certificate. The Halal Law is relevant to broad business activities, since it involves Halal Product Process that is a series of activities to ensure a product…
Read MoreImportant Note Related to ActioPauliana in Bankruptcy Cases
“The basis of Actiopauliana lawsuit is creditor damages.” In various bankruptcy cases can be found the existence of legal action by the creditors to nullify the debtor’s transactions, which is considered causing damage to the creditors. This action is known as actiopauliana. Furthermore, there are three conditions in actiopauliana, which are: There is legal action…
Read MoreMemahami Kontrak Bisnis Bagi Pengusaha
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Read MoreMemenangkan gugatan dari aspek formil
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Read MoreCancellation Of Foreign-Language Contracts: Challenges and Solutions
Friday, December 18, 2015 The issuance of Law No. 24 of 2009on The Indonesian Flag, Language, National Emblem, and National Anthem (Law 24/2009) could very well be described as a thorn in the side of the freedom-of-contract principle. The reason for this revolves around the Language Law, which stipulates that contracts entered into by Indonesian…
Read MoreGOVT: No harsh sanctions for PT FREEPORT over Divestment Obligation
The Ministry of Energy and Mineral Resources (ESDM) has asserted that the government will take firm action regarding the late implementation of mandatory divestment by mining companies, and this includes PT Freeport Indonesia (PT Freeport). However, the government has also stressed that careful steps need to be taken before any sanctions are imposed after a…
Read MoreThe New Regulations on Guidelines for Doing Business in Indonesia
On 26 October 2015, Indonesia Investment Coordinating Board (Badan Koordinasi Penanaman Modal or BKPM) has just issued 4 (four) new regulations as part of the Indonesian Government’s Economic Stimulus package. The newly issued regulations are as follows: Head of BKPM Regulation No. 14 of 2015 on Guidelines and Procedures for Capital Investment Principle Licenses (“BKPM…
Read MoreBKPM Regulates Procedure for Tax Holiday Application
Introduction The Minister of Finance’s latest incentive for pioneer industry that is implemented on 16 August 2015 through issuance of Minister of Finance Regulation No. 159/PMK.010/2015 of 2015 on Institutional Income Tax Reduction Facility (Ministerial Regulation No. 159/2015) is responded by the Chairman of Indonesia Investment Coordinating Board (BKPM) through issuance of Regulation No. 13…
Read MoreNew Non-Taxable Income and Calculation of BPJS for Health Premium and its Service
Introduction The Minister of Finance increases Non-Taxable Income through the issuance of Regulation No. 122/PMK.010/2015 on Adjustment of Non-Taxable Income (Ministerial Regulation No. 122/2015) that have been effective since 29 June 2015. The Ministerial Regulation No. 122/2015 stipulates that the amount of Non-Taxable Income is as follows[i]: IDR 36,000,000 for individual taxpayer Additional IDR 3,000,000…
Read MoreSUPREME COURT: ANY AGREEMENT REQUIRED TO BE MADE IN BAHASA INDONESIA
On August 31, 2015, the Supreme Court (MA) has decided that Loan Agreement between Nine AM Ltd. And PT Bangun Karya Pratama Lestari (KPL) was cancelled because it violated the Law Number 24 of 2009 regarding The State Flag, Language, Emblem and The National Anthem, related to the use of language in contracts with foreign…
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