INDONESIA'S NEW REGULATION ON THE EMPLOYMENT OF FOREIGN MANPOWER: OFFERING SOME CLARITY WHILE RAISING QUESTIONS

TILP - Issue 4, October 2024 | This article examines the updated regulatory framework governing short-term offshore loans for Indonesian banks, focusing on the recent changes introduced by Bank Indonesia to enhance prudential measures, mitigate risks, and ensure financial stability.

Following the enactment of Law No. 33 of 2014 on Guarantees for Halal Products (“Law 33/2014”), its implementing regulation, Government Regulation No. 31 of 2019 (“GR 31/2019”), was recently issued and came into effect on 3 May 2019.

Issue 3, March 2023 | This Advisory focuses on the P2SK Law’s chapter V that amends the Capital Market, Money Market and Foreign Currencies Market.

On 6 August 2019, the Supreme Court (“SC”) issued Regulation No. 4 of 2019 (“SC Reg 4/2019”), amending the previous regulation, SC Regulation No. 2 of 2015 on the Procedure for the Resolution of Small Claims Lawsuit (“Previous Regulation”). SC Reg 4/2019 came into force on 20 August 2019.