KITAS Investor is an immigration product specifically designed for investors who make investments in companies in Indonesia. This document grants a limited stay permit to foreigners in Indonesia, and it is a part of the Indonesian government's efforts to enhance the investment climate in the country. Although KITAS stands for "Kartu Izin Tinggal Terbatas" (Limited Stay Permit Card), the Indonesian government no longer issues physical cards for this purpose. Instead, it is now commonly referred...

The Industrial Area plays an exceedingly strategic role as an industrial infrastructure in achieving spatial compatibility, industrial dispersion, and environmental sustainability. This is in accordance with the mandate of Article 106 of Law Number 3 of 2014 concerning Industry ("Law No.3/2014"), which imposes the obligation for new industries to be situated within the Industrial Area.

In recent years, the world has witnessed rapid developments in the financial sector, particularly with the emergence of cryptocurrencies. This phenomenon has profoundly transformed the global economic landscape and captured the attention of diverse stakeholders, ranging from professional investors to everyday internet users. Cryptocurrencies, such as Bitcoin, Ethereum, and numerous others, have become subjects of heated discussions and consistently dominate news and media dialogues.

Indonesia, a nation composed of multiple islands blessed with a diverse array of natural resources, includes valuable mineral resources among its treasures. Within this category, mining commodities encompass both coal and various minerals. As outlined by the Geological Agency of the Ministry of Energy and Mineral Resources of Indonesia (ESDM), the country's mineral resources are divided into two main groups: metallic minerals and non-metallic minerals...

Bali International Arbitration and Mediation Center is proud to support the 2023 ADR in Asia Conference, the flagship event of Hong Kong Arbitration Week. This year’s theme "The Kintsugi of 21st Century International Arbitration" is much more than taking stock of the status quo, but is instead a nod to the fragmentation and disruption of the past few years and how the arbitration community has “reset” itself and adapted to new ways.

Disputes within the realm of labor can lead to the termination of employment (PHK). Before carrying out the PHK, specific procedures must be adhered to. Termination of employment entails responsibilities for employers, including the provision of compensation to employees. However, it is essential to note that compensation does not always involve severance pay. The Regulation in Indonesia which regulate the Termination Of Employment...

Overtime pertains to the laborious dedication of employees beyond their regular working hours. An employee is deemed to be engaged in overtime if they surpass 7 (seven) hours of work in a day and 40 (forty) hours in a single week, encompassing 6 (six) working days, or 8 (eight) hours per day and 40 (forty) hours in a week, comprising 5 (five) working days. Additionally, this includes work carried out during the working hours of weekly rest days and/or official holidays as designated by the government.

The Orwellian Ministry of Love would indisputably say "no", of course. The geniuses of our time would not seem to agree apparently. Almost a decade ago theoretical physicist Professor Stephen Hawking, probably the closest a generation ever had to an Albert Einstein forewarned that the development of A.I. could spell the end of the human race.

The Indonesian government has recently issued Government Regulation No. 12 of 2023 concerning the Granting of Business Licenses, Business Ease, and Investment Facilities for Business Actors in the New Capital City of Nusantara ("GR 12/2023"), which came into effect on March 6, 2023. GR 12/2023 contains regulations regarding foreign workers who are permitted to work in the Capital City of Nusantara (Ibu Kota Nusantara or IKN). According to Article 22, business actors conducting activities in the IKN...

Three months have gone by since the unprecedented write-down of Credit Suisse AT1 bonds, wiping out over billions of bonds as part of the UBS rescue takeover. The move by FINMA the Swiss regulator has been decried by investors and indeed regulators all over the world and Asia has felt the impact no less than anywhere else in the world. Indeed, investors from the far east form a substantial part of the exposure. Withers is leading Singapore's largest contingent of affected bondholders with over 180 investors in a multi-million dollar claim. It is reported that Japanese investors suffered an aggregate loss of about USD 1 billion from the crisis. The actual impact of the fallout on asian investors remain to be seen. Nevertheless, three months on, the dust has settled somewhat and perhaps some new perspectives can be gleaned.

President Joko Widodo has recently issued Government Regulation No. 25 of 2023 concerning Mining Areas ("GR 25/2023"). This Government Regulation comes into effect on May 5, 2023. It governs various aspects of mining area, including permits for radioactive mineral mining known as Wilayah Izin Usaha Pertambangan or WIUP. As defined in Government Regulation No. 52 of 2022, radioactive minerals are minerals used as raw materials for nuclear fuel production, which are the primary products of nuclear mineral mining activities.

Bali International Arbitration and Mediation Center (BIAMC) is thrilled to extend our support to ALSA English Legal Practice 2023, brought to you by the English Development Division of  Asian Law Students' Association Local Chapter Universitas Udayana - Bali or ALSA LC UNUD. Brace yourselves as we delve into the captivating theme "Resolving Conflicts: The Power of Arbitration and Mediation".

President Joko Widodo announced that Indonesia will impose a bauxite export ban starting in June 2023 to promote domestic processing of its mineral resources. The ban is in line with Minister of Energy and Mineral Resources Regulation No. 17 of 2020 concerning the Third Amendment to Energy and Mineral Resources Regulation No. 25 of 2018 concerning Mineral and Coal Mining Business ("MEMRR 17/2020") and...

Business entities that hold Mining Business Permits (Izin Usaha Pertambangan or IUP) or Special Mining Business Permits (Izin Usaha Pertambangan Khusus or IUPK) and are in the stage of production operation, whose shares are owned by foreigners, are required to gradually divest their shares by 51% (fifty-one percent) to the Central Government, Regional Governments, State-Owned Enterprises (Badan Usaha Milik Negara or BUMN), Regional-Owned Enterprises (Badan Usaha Milik Daerah or BUMD), and/or...

The Indonesian government has recently issued Government Regulation No.12 of 2023 concerning the Granting of Business Licenses, Business Ease, and Investment Facilities for Business Actors in the New Capital City of Nusantara ("GR 12/2023"), which provides various fiscal and non-fiscal incentives to businesses seeking to invest in Indonesia's new capital city, Nusantara. The regulation aims to provide greater...

The Government is committed to accelerating economic transformation through value-added tax (VAT) incentives for the purchase of electric vehicles, including four-wheeled vehicles and buses in Indonesia. The Ministry of Finance has issued Minister of Finance Regulation No. 38 of 2023 concerning Value Added Tax on the Delivery of Certain Four-Wheeled Battery-Based Electric Motor Vehicles and Certain Battery-Based...

A consultation by the Law Commision is underway to determine wheter it is necessary to tweak the English Arbitration Act 1996. So far, the consultation responses largery have beenk along the lines expected, albeit with diverging views expressed on some proposals, and widepread