After a long waited and discussion, the Government of Indonesia has finally issued the new negative list through Presidential Decree No. 36 Year 2010 Regarding Business Sector that are Closed for Investment and Opened for Investment Under Certain Conditions (“Perpres 36/10”). Perpres 36/10 revoked the previous negative list regulation number 77 of 2007 as amended … Foreign Investment-Negative List
Arbitration The terms and provisions governing arbitration are provided in Law no. 30/1999 on Arbitration and Alternative Dispute Resolution (ADR Law). This Law replaces the former provisions of arbitration stipulated under articles 615 to 651 of of Rv, Article 377 of HIR and article 705 of Rbg. The ADR law also governs the means by … Indonesian Arbitration Law
The authority to provide license on the establishment of Representative office (RO) in Construction is Department of Public Work or an official appointed on behalf of the Minister of Public Work (“MoPW”). Scope of Work The scope of works of public works representative office are to include: Undertaking construction services and/or engineering consulting services; Promoting … Representative Office under Department of Public Work
Piercing the Corporate Veil is the judicial act of imposing personal liability on otherwise immune corporate officers, directors, and shareholders for the corporation’s wrongful act.[1] Piercing Corporate Veil shows that the Limited Liability Company (“Company”) often cannot be separated from the parties’ interest such as the Shareholders of that Company. In this context, the Shareholders’ interest is the … Piercing the Corporate Veil
The establishment of limited liability company (“PT”) in Indonesia is governed under the law number 40 Year 2007 (40/7) regarding Company Law. This law supersedes the law number 1 year 1995 regarding company law. A. Requirement It is required minimum 2 (two) persons to establish a PT with notarial deed made in Indonesian language. The requirement of two people in … Company (PT) Establishment in Indonesia
In late 90s, Indonesian Laws regarding land has been amended. New laws are now permitted the foreigners to purchase apartments in Indonesia if the building has a strata title status . Moreover, the foreigners can not hold the strata title of ownership of the apartment. The foreigners only can hold the right of use of … Can Foreigner Own Apartment in Indonesia