On 21 March 2016, the Indonesian Minister of Agrarian Affairs and Spatial Layout/Head of National Land Agency issued the Ministerial Regulation No. 13 of 2016 on the Procedures for Granting, Relinquishing or Transferring Ownership of Residential Property for Foreign Citizens Domiciled in Indonesia (“MR 13/2016”), as an implementing regulation for the Government Regulation No. 103 of 2015 on the Ownership of Residential Property for Foreign Citizens Domiciled in Indonesia (“GR 103/2016”).
To improve the ease of doing business and for the purpose of acceleration of the national development and also taking into account the growth of start-up business, the Government of the Republic of Indonesia has promulgated the Government Regulation No. 7 of 2016 regarding Changes to Authorized Capital of Limited Liability Companies (“GR 7/2016”), which regulation is effective as of 21 March 2016.
Indonesian laws on intellectual property rights (“IPR”) matters (i.e., copyrights, patents, trademarks, industrial designs, integrated circuits layout design, and trade secrets) generally provide the IPR owners or holders (licensee) to permit or authorize another party to use the IPR through a licensing agreement.
On 29 January 2016, the Indonesian Financial Services Authority (“OJK”) issued a new regulation No. 11/POJK.03/2016 on Minimum Capital Adequacy Requirement for Commercial Banks (“POJK 11/2016”) which came into force on 2 February 2016.
Human Rights advocates in Indonesia received an unexpected support from the Constitution Court of Indonesia's decision to broaden ambit for Pretrial Proceeding.
China's rise to mega economic powers shifts financial balance of power to emerging economies, providing options for finance and development.