November 25, 2022
Employee Status After Company Conducted Merger or Acquisition
With the aim of developing business activities, a company often take corporate actions in the form of mergers or acquisitions in their companies. Regulation regarding merger and acquisition can be found in Law No. 40 Year 2007 (“Company Law”). Merger is legal action that is done by one company or more to merge itself with...
October 28, 2022
Prohibition of Nominee Arrangement in Indonesian Law
Nominee arrangement, also known as "borrowing name (pinjam nama)" arrangement, is an agreement entered between an Indonesian party as nominee and a foreign party as beneficiary, where it is commonly used to refer to the usage of an Indonesian party’s name to hold...
October 17, 2022
The Enactment of Indonesian Personal Data Protection Law
On Tuesday, 20th of September 2022, Indonesia’s House of Representative officially ratified the Personal Data Protection Law ("PDP Law"). Personal data protection is now divided across many sectoral laws. As of right now, the Law No. 19 of 2016 amending the Law No. 11 of 2008 concerning information and ...
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”.