Indonesia?s central bank backs new initiative which is aiming to balance innovation with risk management

Govt. aiming to create around new 1000 ?technopreneurs? and approximately USD 10 billion in business value

A short while ago, the Panama Papers scandal was hitting headlines the world over. Millions of files being held by the offshore law firm Mossack Fonseca were leaked, including a wealth of information relating to how SPVs (Special Purpose Vehicles) have been misused for illegal purposes such as money laundering and tax evasion. Moreover, the huge mine of data listed in the leaked files contained the names of over 800 Indonesian parties. This weeks ILD will discuss the issue of SPVs from a global perspective and examine how these vehicles are currently regulated in Indonesia.

Further technical regulations deemed necessary for convention?s smooth implementation

Petitioner is deemed to have no legal standing as regards the filing of a citizen?s lawsuit according to Supreme Court Regulation

Employers state preference for so-called ?safety-net? mechanism

APINDO urging employers not to postpone the implementation of the 2017 provincial minimum wage

Clause may only benefit a small number of people, while raising various new issues

In order to replace the nearly two-decade old Law No. 15 of 2001 on Trademarks (Trademark Law), the House finally passed the Bill on Trademarks and Geographical Indications (Bill) on 27 October 2016. In essence, the Bill aims to ensure healthy business competition, to protect consumers as well as medium-, small-, and micro-scale enterprises, and also to facilitate improvement within the industrial, trading and investment sectors through the revision of various obsolete provisions which were originally set out under the old Trademark Law. This weeks ILD offers analysis of the general framework of the Bill, as well as registration and cancellation procedures for both trademarks and geographical indications. We will also be taking a look at procedures for the transfer of trademark rights. This revision has been deemed necessary in the context of the recent inauguration of the ASEAN Economic Community, which is pushing for greater market liberalization and integration across the region.

KPPU Head believes establishment of any such a council to be unnecessary