RESTRICTIONS ON FOREIGN INVESTORS ACQUIRING INDONESIAN ONLINE BUSINESS?
On 26 January 2015, President Joko Widodo swore in Mr. Triawan Munaf as the Head of the Creative Economic Board (BEK – Badan Ekonomi Kreatif). BEK is tasked to strengthen the role of creative economic businesses, including protection for Indonesian creative crafts
Download read moreDELEGATION OF AUTHORITY TO ISSUE TRADE BUSINESS LICENSES
Under Regulation No. 96/M-DAG/PER/12/2014 on Delegation of Authority to Issue Trade Business Licenses under the Framework of One-Stop Integrated Services to the Head of the Capital Investment Coordinating Board
Download read moreDELEGATION OF AUTHORITY TO GRANT INDUSTRIAL LICENSES
Under Regulation No. 122/M-IND/PER/12/2014 on Delegation of Authority to Grant Industrial Business Licenses to the Head of the Capital Investment Coordinating Board, the MOT has delegated its authority to issue certain licenses to BKPM
Download read moreFURTHER AMENDMENT ON COMMERCIAL BANK DAILY REPORTS
Bank Indonesia issued Circular of Bank Indonesia No. 16/17/DSta, which came into force on 3 November 2014 (SEBI 16/17/DSta), which is a fourth amendment to Circular of Bank Indonesia No. 13/3/DPM on Commercial Bank Daily Report
Download read moreNEW COPYRIGHT LAW DEVELOPMENT
The new Copyright Law enacted on 16 October 2014 mandated the formation of a Collective Management Institution (CMI) (Lembaga Manajemen Kolektif) to collect and distribute royalties due to the rightful creators or holders of related rights
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