Posts Tagged ‘Jurisdiction’
Three Types of the Criminal Action of Money Laundering You Should Know
In Law Number 8 of 2010 on Countermeasure and Eradication of Money Laundering (Law on Money Laundering), the criminal actions of money laundering are classified into three provisions: The Criminal Action of Money Laundering regulated in Article 3: Anyone who places, transfers, forwards, spends, pays, grants, deposits, takes to the abroad, changes the form, changes…
Read MoreTwo Conditions to Be Met in Setting Aside an Agreement Through Arbitration
It is common to find arbitration clauses in construction, real estate, transportation, or other commercial agreements which mandate the concerned parties to use arbitration as a method of dispute resolution. This brings consequences if any party wishes to set aside the agreement, it cannot be submitted to the court, but rather to the arbitration. This…
Read MoreDefinition of cartel, the Business Competition Supervisory Commission (KPPU) and Unfair Competition
Judging from cartel cases in Indonesia, it is important to understand the definition of cartel itself. Cartel practices are also mentioned in Article 11 of Law No. 5 of 1999 on Monopolistic Practices and Unfair Business Competition (Law No. 5/1999). It states: “Business Entity are prohibited from making agreements with rival businesses, which intends to…
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