The year 2023 has been a rather eventful one for the issuance of regulations in Indonesia due to the issuance of several long-awaited legal instruments and given that the country is looking towards future developments. Various impactful and important legal frameworks were issued during 2023 along with a range of multi-sectoral regulations that are being aimed at the achievement of long-term targets and the future development of Indonesia.
the concept of fair use allows certain uses of copyrighted works without prior permission from the Authors, which aims to maintain an appropriate balance between the interests of Authors and users of the copyrighted works. However, in terms of its implementation, fair use should only be intended for activities with non-commercial purposes
In the larger picture, the amendment is set to accommodate various attempts to protect the rights of children during the use of electronic systems, the granting of greater authority to the government regarding preventive measures that are implemented through orders that address adjustments to electronic systems, as well as the imposition of clearer and more comprehensive elements of crimes as the basis for criminal charges and the imposition of criminal sanctions.
The introduction of the new framework of Regulation 12/2023 manifests BIs concrete commitment to the transformation of the domestic Market into a system that is both modern and advanced. Along with the diversification of Products, the utilization of smart technologies, contracts for the organization of Products and the enhancement of Data and Information management, this new framework is also expected to be able to respond to global challenges, such as digitalization and financial system reform through financial market infrastructure
This edition of ILD highlights various complexities that underlie the legal processes and challenges that relate to environmental reparations. By combining legal analysis, case statistics and critiques, we offer a comprehensive insight into Indonesias environmental criminal law landscape that emphasizes the need for a nuanced and data-driven approach that addresses these issues effectively.
The new regulatory frameworks are designed to create a conducive environment within IKN and its Partner Regions that is capable of fostering economic growth, job creation and infrastructure development.
In this edition of Indonesian Legal Digest (ILD), Hukumonline offers an analysis of the various aspects of the E-Pillar component of ESG, including the concept of the E-Scores and environmental metrics, as well as the incorporation of environmental aspects into business activities, along with relevant obligations and reporting mechanisms. The main objective of our discussion is to explore the significance of the E-Pillar, as well as to guide companies on the various ways in which they can achieve favorable E-Scores
the Draft Regulation represents a comprehensive and stringent regulatory framework that seeks to enhance the governance, soundness and operational transparency of LKM. In addition, the new framework underscores the need for LKM to adapt to the new asset-based categorization system, prepare for increased reporting obligations and prioritize good corporate governance, risk management and anti-fraud measures. Compliance with these regulations will be vital for the long-term viability and success of LKM within Indonesias evolving financial landscape
Regulation 62/2023 states that the implementation of agrarian reform should be expedited through a series of actions that include asset legalization, land redistribution, empowerment of the subjects of agrarian reform, agrarian reform institutions; and public participation
Prospective franchise organizers, which include regular and/or advanced Franchisors and Franchisees, will be required to undergo several phases to ultimately start their franchise business. Those phases include the disclosure of offering prospectus, signing of franchise agreement, submission of Business Identification Numbers (Nomor Induk Berusaha/NIB) application via the Online Sigle Submission (OSS) system, submission of Franchise Registration Certificate (Surat Tanda Pendaftaran Waralaba/STPW) application via the OSS system and compliance with other legal obligations (e.g. regional taxes and levies).