With the economy currently in decline, the risk of non-performing loans is increasing and creditors may take necessary measures in order to recoup their losses, including the execution of collateral which has been encumbered by debtors

While Regulation 15/2020 updates provisions relating to the planning and organization of GMS in general, with e-GMS being addressed in a limited sense, Regulation 16/2020 focuses specifically on e-GMS as an alternative mechanism for the holding of GMS by Publicly-Traded Companies

The determination of COVID-19 pandemic as a force-majeure event will eventually come down to the interpretation of the relevant parties, or the courts,on whether there is a causality between the non-performance of contractual obligations with the COVID-19 pandemic or not.

In an effort to handle the rising levels of unemployment which are a direct result of the ongoing COVID-19 pandemic, Indonesian government was recently established a pre-working card program in a bid to assist jobseekers, employees/workers who have been laid off, and/or employees/workers who are looking to develop their competencies. Pre-working card holders will then be deemed eligible to enjoy certain benefits that encompass training and incentives.

With the practice of transfer pricing becoming increasingly common due in this era of economic globalization, the concept of APA was established in order to prevent the misuse of transfer pricing as regards matters pertaining to taxation. In Indonesia, the legal framework for the establishment of APA was recently simplified by providing easier procedures in order to establishing an APA.

In the wake of its submission, the Draft Bill has not yet been deliberated any further by the House of Representatives, yet several taxation regulations have been recently enacted hence gives rise to the possibility of the contents of the Draft Bill to be adjusted

As COVID-19 continues its spread throughout Indonesia, the government will undoubtedly continue to search for ever more appropriate solutions in its efforts to mitigate the ongoing adverse effects of the pandemic as it impacts both human health and the economy hence all of the relevant stakeholders should ensure that they are prepared for rapid developments in terms of various regulations and policies which address COVID-19.

In general, the handbook elaborates the provisions relating to the parties which are eligible to submit petitions in relation to either bankruptcies or suspension-of-debt-payment obligations, as well as requirements and procedures for the processing of said petitions and the various follow-up measures which can be implemented after decisions have been handed down

Under the Indonesian legal system, quarantine encompasses two areas: 1) Quarantine of persons in relation to their physical health, which is mainly regulated under Law No. 6 of 2018 on Health Quarantine; and 2) Quarantine of animal, fish and plant commodities, which is mainly regulated under Law No. 21 of 2019 on Animal, Fish and Plant Quarantine.

In regard to government, the Draft Bill introduces a number of provisions relating to government investment which should hopefully encourage government to increase their investment activities, while also redefining a number of provisions on government administration in an effort to resolve the problem of overlapping and unsynchronized regulatory frameworks and making a number of extensive revisions to the various sanctions are originally set out under a number of statutory regulations in an effort to further balance and control all of the various flexibilities which are addressed under the Draft Bill.