There is yet a uniformed definition in regards to the control of the company under the perspective of Indonesian Regulations, which in effect require business practice to ensure that they have complied with the requirements of control within each specific business sector.

In the current circumstances, the upcoming export bans, as well as the governments move towards stricter supervisory measures, should serve as a turning point for business actors, who should now take the pre-requisites and requirements that are applicable in relation to exports of minerals and coal more seriously.

In dealing with the various regulatory frameworks that are coming their way, stakeholders are being encouraged to closely monitor the progress of the promulgation of the draft bills under the 2022 Priority Prolegnas, as well as other regulations and policies that have been newly passed and that are currently being prepared by the government

In this edition of ILD, our analysis addresses a number of regulations and legal issues which have been in the spotlight during 2021 and which had previously been addressed in Hukumonlines daily updates, daily ILB, weekly ILD and MLR publications

The revocation applies retroactively from 2 February 2021

Although the state has afforded protection in the form of land registrations and publications in relation to land-rights holders, when transactions involve buyers who act in good faith and the land mafia, then the original landowners can only file claims for compensation against unauthorized sellers. This is because the relevant laws and regulations protect buyers who act in good faith, provided that they fulfilled certain criteria

The implementation is no easy task, it requires great efforts, not only from the government, but also from all members of the communities, including business actors

The utilization of BI-FAST will not be mandatory, although any non-implementation of BI-FAST may ultimately harm institutions themselves as they will not be able to offer sufficiently fast transfer services

In a bid to ensure that vertical relationships and asymmetrical power structures do not lead to sexual harassment and the creation of victims and offenders, all individuals in places of work and higher education institutions need to take an active role in the prevention and mitigation of sexual harassment. Currently, under Indonesias existing guidelines and regulations, hope remains that sexual harassment within the workplace and in educational institutions can be eradicated

Indonesia is currently working to achieve its NDC target, which is to reduce its greenhouse gas emissions (GHG) by between 29% (unconditionally) and 41% (conditionally) against the 2030 business-as-usual scenario. In an attempt to achieve this target, the Indonesian Government is introducing various measures, including: 1) Issuance of the updated NDC Indonesia; 2) A new legal framework that addresses the issue of carbon tax, specifically Law No. 7 of 2021 on the Harmonization of Taxation Regulations; and 3) Various provisions on carbon pricing, as feature under Regulation of the President No. 98 of 2021 on the Implementation of Carbon Economic Value to Achieve Nationally Determined Contribution Targets and Control over Greenhouse Gas Emissions in Relation to National Development