NEW BANK INDONESIA REGULATION ON FOREIGN EXCHANGE DERIVED FROM EXPORT TRANSACTIONS AND OFFSHORE LOAN
On 27 December 2012, Bank Indonesia issued Bank Indonesia Regulation No. 14/25/PBI/2012 regarding Foreign Exchange Derived from Export Transactions and Offshore Loan Drawdowns (“PBI 14/25”) which revokes a previous Bank Indonesia Regulation
Download read moreIMPORTANT NEW RULES ON OUTSOURCING INDONESIA
On 14 November 2012, the Minister of Manpower and Transmigration of the (“MOMT”) issued MOMT Regulation No. 19 of 2012 regarding Terms of Partial Assignment of Work to Third Party Companies (“Regulation No. 19”) Regulation No. 19
Download read moreNEW REGULATION ON ELECTRONIC SYSTEMS AND ELECTRONIC TRANSACTIONS
The Government finally issued Government Regulation No. 82 of 2012 9regarding the Implementation of Electronic Systems and Electronic Transactions (“Regulation 82”) for Law No. 11 of 2008 regarding Electronic Information and Electronic Transactions (“Law No.11”)
Download read moreREGULATION ON COMMERCIAL BANK OWNERSHIP IN INDONESIA FINALLY ISSUED
After lengthy discussions among regulators and politicians on ownership of commercial banks, Bank Indonesia issued its Regulation No. 14/8/PBI/2012 regarding Ownership of Shares in Commercial Banks (“BI Regulation No. 14”) which came into effect on 13 July 2012.
Download read moreINDONESIA - NEW FOOD LAW ISSUED
Sixteen years since the enactment of Law No. 7 of 1996 regarding Food (“the 1996 Food Law”), the Government issued the new Food Law (ie Law No. 18 of 2012) (“Food Law”) on 18 October 2012, two days after World Food Day. The Food Law replaces The 1996 Food Law
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