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LEGAL INSIGHTS

September 20, 2022

Percentage of Shares of a Controlling Shareholders in a Case of Acquisition of a Public Company

When acquiring shares in a Public Company, there are certain provisions on the percentage of shares that can be considered as a controlling shareholder. These provisions are regulated under...

September 2, 2022

Company Regulation and Collective Labor Agreement

Company Regulations (CR or locally known as Peraturan PerusahanCR) and Collective Labor Agreements (CLA or locally known as Perjanjian Kerja Bersama) are common terms in labor sector. Both CR and CLA regulate the rules or the determination of rights and obligations for...

August 8, 2022

Justice Collaborator: Definition, Roles, and Advantages

Justice Collaborators in recent developments have received serious attention, because of their key role in uncovering the dark veil of certain crimes that are difficult to uncover by law enforcement. Based on Law Number 31 of 2014 concerning the amendment of Law Number 13 of 2006 concerning....

August 8, 2022

Updated Regulation on Old-Age Benefit Program

The Minister of Manpower (“MoM”) has issued a new regulation governing the Old-Age Benefit (Jaminan Hari Tua or “JHT”) Program on 26 April 2022 with MOM Regulation No. 4 Year 2022 concerning Procedures and Terms of Payment of Old Age Security Benefits (“MoM Reg No. 4/2022”). Previously, MoM has issued.... 

August 1, 2022

The Indonesian Financial Service Authority (“OJK”) Tighten up Rules on P2P Lending

The Financial Service Authority (“OJK”) recently issued OJK Regulation No. 10/POJK.05/2022 concerning Information Technology Based Collective Financing Services (“POJK No. 10/2022”). POJK 10/2022 revoked the previous regulation, namely....

July 25, 2022

Overview on Definite-Term Employment Agreement Regulation

Indonesia’s Omnibus Law, which was issued on November 2020, stipulates new standards for Indonesian employment terms and conditions by introducing new concepts and rules. The goals of the Job Creation Law are to bolster investment and create jobs by streamlining regulations and simplifying.... 

July 15, 2022

Foreign Direct Investment Company Establishment

As stipulated in Article 5 paragraph (2) of Law Number 25 Year 2007 concerning Investment (“Law No. 25/2007”), any business conducted by foreigner in Indonesia shall be in the form of company established under the law of Indonesia.  Furthermore, the form of company is classified as “FDI Company” or “PT PMA” (stands for....

July 8, 2022

How to Establish International Non-Government Organization

Whereas the freedom to form a union, gather, and voice opinion are part of human rights in the nationhood and statehood in the Republic of Indonesia and is guaranteed by the 1945 Constitution of the Republic Indonesia. In carrying out the rights and freedoms to form a union,....

June 24, 2022

Further Measures by the Indonesian Financial Service Authority (“OJK”) for Capital Market Supervision in Aiming to Provide Greater Legal Certainty

Financial Service Authority ("OJK") has issued regulation No. 23/POJK.04/2021 for the purpose to enhance further measures for Capital Market Supervision. This regulation was made to set a clearer framework for OJK to fulfill its supervisory role effectively in the middle of financial scandals in the Capital Market Industry.

June 16, 2022

The Impact of Crypto-Asset Utilization as Payment Instrument toward Rupiah as Legal Tender in Indonesia

TRR Law Firm was honored to be the first law firm to fulfill the request from Central Bank of Indonesia to write paper for Journal of Central Banking Law and Institutions (JCLI), which is titled “The Impact of Crypto-Asset Utilization as Payment Instrument toward Rupiah as Legal Tender in Indonesia”.