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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…
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The Insurance company does not have an authority to submit a bankruptcy petition even when the business license has been revoked.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…
Read MoreHERE ARE TWO ALTERNATIVES EXECUTION OF PLEDGING OF SHARES
Before stepping on the practice of execution of pledge of shares, we should understand in advance the definition of lien and the stock itself. According to Article 1150 of the Civil Code, Pledge is “a right that is acquired by a creditor against to moving goods, bodied and bodiless given to him by the debtor…
Read More4 TYPES OF INDUSTRIAL RELATIONS DISPUTES YOU SHOULD KNOW
As a matter of fact, there are restrictions against industrial relations disputes. Not all things can be put under disputes. For example, mutation is the rights of the company. Employees who have an objection and are absent from their duty for more than 5 days may be considered to have resigned. Do not let the…
Read More10 REASONS CAN LEAD TO THE TERMINATION OF YOUR AGREEMENT
Any agreement made legitimately by the parties is basically valid as law for those who are bound by it. It is a basic principle of contract law, unless at a later time, after the agreement has been signed, some facts that affect the validity of the agreement occur. An agreement cannot be withdrawn or canceled,…
Read MoreHOW TO APPLY FOR ANNULMENT OF ARBITRATION AWARD
Annulment of the arbitration award as stipulated in Law No. 30 of 1999 on Arbitration and Alternative Dispute Resolution (“Arbitration Law“) is possible to be proposed by one of the parties of the case. Any party who would like to cancel the arbitration award, must submit the application before the district court. Although there is…
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