Legal Updates
Procedures in Investment Licenses in Indonesia
When it comes to speaking about procedures for investment licenses in Indonesia, the talk can be endless. Not only it is not an easy matter, the rules and regulations in Indonesia may change every year. This does not only have something to do with the economic growth. Political stability between countries also plays a major…
Read MoreDIFFERENCES BETWEEN LAWSUIT ON BREACH OF CONTRACT AND PETITION FOR BANKRUPTCY
“Lawsuit on breach of contract or petition of bankruptcy may be filed by the creditor to receive his payment.” Loan agreement made by the parties is often not proceeding as initally agreed upon. The debtor can not always pay his debt in accordance with the provisions under the agreement. Under such circumstances, there are two…
Read MoreFlashback 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…
Read MoreDECREE OF SUPREME COURT (PERMA) RELATED TO DISPUTES IN ISLAMIC/SHARIA ECONOMY, AFFIRMED RELIGIOUS COURTS COMPETENCE
The Supreme Court (MA) has issued a decree of the Supreme Court (PERMA) No. 14 Year 2016 on Procedures for the Settlement of Islamic Economics Dispute, which was approved on last December 22, 2016. Actually PERMA has long been awaited since its formation as a complement of PERMA No. 2 Year 2008 concerning Law Compilation…
Read MoreSMALL 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…
Read MoreCAN 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…
Read MoreBoard of Commissioners (BOC) Cannot be Completely OffHand in A Company Bankruptcy
The accountability of “BOC as the supervisor in a company, should be requested when a company is declared bankrupt.” The role and the main task of the board of commissioners in a company (Limited Liability Company) is carrying out general supervision over the policy and management of the company as well as providing advice to…
Read MorePERSONAL 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…
Read MoreCHECK 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…
Read MoreTHE BANKRUPTCY PETITION AGAINST THE INSURANCE COMPANY MUST BE FILED BY THE FINANCIAL SERVICES AUTHORITY (OJK)
The Insurance company does not have an authority to submit a bankruptcy petition even when the business license has been revoked. The petition can only be filed by the Financial Services Authority (OJK) A Bankruptcy petition against the insurance company has already accepted in Indonesia since the establishment of the Commercial Court in Indonesia. The…
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