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New Minimum Requirements of Paid-Up Capital & Investment for Foreign Direct Investment (PMA)



On April 1st, 2021, the Investment Coordinating Board ("BKPM") had issued regulation No. 4 of 2021 concerning Guidelines and Procedures for Risk-Based Licensing and Investment Facilities ("BKPM Regulation 4/2021") following the changing approach related to licensing from a commitment-based system to risk-based system, as stipulated in Law No. 11 of 2020 concerning Job Creation. Though the above-mentioned regulation is mainly about government

Can Artificial Intelligence Technology Replace Judges in Deciding Legal Matters?



The rapid development of artificial intelligence technology has led to predictions about the decline in the functions of many established professions, including that of the profession of judges. This paper questions whether such technology can substitute judges in deciding legal matters. Artificial intelligence technology assumes there are general patterns that will treat the same way for cases with similar characteristics (similia similibus).

Energy Revolution for Our Common Future: An Evaluation of the Emerging International Renewable Energy Law



Climate change poses profound threats to the Earth and its people. Its mitigation, therefore, demands common but differentiated actions with comprehensive and coordinated approach. The global community has pledged to mitigate various greenhouse gases in some international soft law instruments. Exploitation of renewables to generate energy

How to Stop Paying Tax After the Dissolution of Your Company



Firstly, you need to understand that dissolving your company doesn't mean that it has lost its legal entity status. To end a company's legal entity status a liquidation process needs to be conducted. Liquidation according to the Indonesian Dictionary is "the dissolution of the company as a legal entity that includes the payment of liabilities to creditors and distribute the remaining assets to shareholders."

Nanotechnology in Asia: A Preliminary Assessment of the Existing Legal Framework



Nanotechnology, often referred to as the next industrial revolution after internet, is an interdisciplinary study with limitless potential. It is claimed that nanotechnology is now at the stage where ICT and use of plastic were in 1960s and biotechnology was in 1980s. Already more than 2000 nano-enabled consumer products are in the market and the ILO predicts that by 2020, twenty percent of the products

Indonesian Omnibus Law: Simplification on Construction Services Licensing Procedures



Law number: 11 of the Year 2020, concerning Job Creation or commonly known as Omnibus Law, is one of the breakthrough bills aimed to boost economic and business activities and growth in Indonesia. One of the sectors majorly affected currently is the Construction industry. Though in 2018, the government had simplified licensing procedures and regulations for the said business activity with Government Regulation Number: 24 of the Year 2018 concerning Electronic Integrated Business Licensing Services, the Indonesian government

Omnibus Law: New Regulation on Employment of Foreign Workers



Following Law No. 11 of 2020 on Job Creation ("Omnibus Law"), the Indonesian government has enacted several implementing regulations of Omnibus Law. One of the enacted implementing regulations is Government Regulation No. 34 of 2021 on the Employment of Foreign Workers ("GR/34"). The issuance of GR/34 is a replacement of Presidential Regulation No. 20 of 2018 on Employment of Foreign Workers ("PR 20/2018"). The GR/34 stipulates that every employer of foreign workers is obliged to

Phishing in Asia: Are We Doing Enough?



Phishing and identity theft is emerging as one of the crimes of the 21st century. It is one of the fastest growing forms of Internet fraud. According to the U.S Federal Bureau of Investigation, phishing has become the hottest, and most troubling, new scam on the Internet. Credible estimates of the direct financial losses due to phishing alone exceed a billion dollars per year.1 Indirect losses are much higher, including customer service expenses, account replacement costs, ...

Religious Holiday Allowance 2021



On 12 April 2021, Minister of Employment, Ms.Ida Fauziyah, issued a Circular Letter Number M/6/HK.04/IV/2021 concerning the Implementation of Religious Holiday Allowance 2021 for Workers in the Company ("Circular Letter 6/2021"), addressed to governors throughout Indonesia. The provision of Religious Holiday Allowance (i.e., Tunjangan Hari Raya or as it is commonly known "THR") for workers is an effort to meet the needs of workers and their families for celebrating religious holidays. The Indonesian Government is officially requiring state-owned and private corporations to fully

Nanofood: Legal and Regulatory Challenges



ABSTRACT - Nanotechnology will have a significant impact on food production in a variety of ways, both directly and indirectly. The growth and complexity of nanotechnology in food applications poses new challenges for the existing food regulation as well as the regulatory authority. This article seeks to examine the legal and regulatory challenges posed by the nanotechnology applications in the food industry. This article reviews some of the relevant legislation in the U.S. and E.U.

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