The first part of this two-part edition of ILD will discuss various updates to the establishment of banks, including the establishment of their offices, ownership and shareholding limitations and requirements, and the categorization of banks.

Employing an empirical research approach to Indonesian issuers that have already listed their offshore borrowing on the SGX, Hukumonlines Legal Research and Analysis Team has selected and summarized the general risk factors that have been included in 13 prospectuses or offering memorandum documents by Indonesian issuers as part of their information disclosure obligations

As the ongoing COVID-19 pandemic continues to affect the smooth running of business operations across various sectors of the economy, companies are seeking to maximize their alternatives in terms of being able to generate the revenue that they require in order to meet their financial requirements. One alternative funding option is the issuance of global bonds in order to secure offshore borrowing. Various companies have already been recorded as issuing global bonds in order to secure offshore borrowing and said bonds have been listed on the Singapore Stock Exchange since the beginning of 2021.

Despite this seemingly dire and hopeless situation, workers who have been terminated from their employment should assert their rights, while employers should remain aware of their obligations and ensure that they are in compliance as regards any terminated workers, since any failure to do so may lead to disputes which will, in turn, require even greater expenditures of time and energy

In order to achieve the goal of reforming the regulatory framework for payment systems, all PIP should familiarize themselves with their various rights and obligations, as outlined under this new regulation, which encompass access policy, the implementation of payment system infrastructure, supervision and termination of the implementation of activities, as well as data and/or information. In addition, the provision of facilities and Trial Rooms in order to conduct trials of innovative payment-system technologies should be utilized by PIP in order to maximize the potentials of said technologies

This new regulation is primarily intended to improve the countrys payment systems and to make them faster, easier, cheaper, safer and more reliable by strengthening the role of the PJP in relation to payment service transactions that are undertaken within Indonesia

Technical approval is a requirement for the drawing-up of AMDAL and UKL-UPL, while the SLO is the basis for the initiation of supervision by the authorities and/or the operational stage of the aimed activities in question

In general, Regulation 46/2021 seeks to accelerate the process of digitalization across Indonesia through the recognition of OTT and through the migration of analogue television broadcasting to digital television broadcasting.

The ongoing development of Indonesias infrastructure is one of the primary focuses of President Joko Widodos second term in office, and changes to many provisions that apply within the property and construction sector, as set out under the new regulatory frameworks, will likely play a central role.

The Directorate-General of Intellectual Property at the Ministry of Law and Human Rights is expected to prepare a set of guidelines that can be utilized in order to determine and calculate claims for damages in relation to trademark infringement cases