In terms of civil disputes, the Indonesian courts have adopted various different approaches as regards the admission of digital evidence. In fact, there have been a number of inconsistencies in the approaches adopted by various judges to the interpretation of the parameters of admissible electronic evidence
A full 15 years since its initial promulgation, the Advocates Law has been the subject of several reviews by the Indonesian Constitutional Court, with no fewer than 17 petitions for review being submitted, both separately or jointly, in order to test the Advocates Law against the 1945 Constitution.
At first glance, the BoD Defenses permitted under the Company Law and the business judgment rule seem substantially similar. However, both of these frameworks ultimately adopt rather different perspectives, although they share the same function in terms of their being a defense of BoD management activities. Therefore, permitted BoD Defenses in Indonesia cannot and must not be construed as representing an Indonesian business judgment rule
Despite the fact that the capital market is one of the most heavily regulated sectors of the economy, there is still a strong temptation to attempt to maximize profit through acts of securities fraud. Several forms of securities fraud are recognized under the Capital-Market Law, including fraud, manipulation and insider trading.
As part of the government's efforts to boost investment in the maritime transportation sector, these capital requirements were revoked through the issuance of Regulation of the Minister No. PM 24 of 2017 on the Revocation of Capital Ownership Requirements for Companies in the Shipping Sector, Vessel Agencies, Loading and Unloading Companies and Seaport Companies.
One of the many rules which applies to both BoD and BoC is the so-called interlocking directorate (rangkap jabatan) rule, which encompasses various strict prohibitions and limitations that are often overlooked by BoD and BoC
Regulation 66/2018 determines that the disbursement of funds intended to bridge any market-index price deficiency between diesel and biodiesel fuel must be implemented for all kinds of diesel fuel.
Although this form of arbitration has become increasingly significant throughout Indonesia in recent decades as the most popular alternative dispute settlement mechanism within the business sector, Islamic arbitration has not been able to emulate the success of general arbitration
Under the Previous Regulations, RPTKA were only used as the basis for securing Foreign Worker Recruitment Permits (Izin Mempekerjakan Tenaga Asing - "IMTA"). Thus, employers needed to apply for both RPTKA and IMTA in order to recruit TKA to Indonesia
It took a full two years after the issuance of OJK Regulation 77/2016 for the OJK to prepare and finally issue its umbrella legal framework for Fintech services, specifically OJK Regulation 13/2018