Sunglasses-check. Beach gear-check. Leave the work laptop behind-check. There's no question Indonesia continues to attract beachlovers and adventure-seekers from across the globe. The impact of and dependency on tourism cannot be overstated in many areas of Indonesia's archipelago. In fact, tourism continues to be one of the most flourishing industries with new companies seeking to capitalize. The Indonesian Government launched new licensing procedure system in the middle of 2018: the Government Regulation No...

It's a new day. The development of technology in the financial services cannot be ignored and needs to be managed in order to provide maximum benefit to society. The financial sector needs to be directed to produce financial innovations that are responsible, safe, prioritize consumer protection, and have well-managed risk. Consumer Protection in the financial services sector is aimed at creating a reliable consumer protection system, improving consumer empowerment, and developing awareness among financial services practitioners...

In today's constantly changing economic environment, it would be nearly impossible to find someone who doesn't know the significance of US President Benjamin Franklin: the face of the USD 100 dollar bill. While USD continues to be the most heavily traded currency throughout the world, Indonesia took a stand. The Indonesian Central Bank ("BI") Regulation No 17/3/PBI/2015 regarding the Mandatory use of Rupiah within the territory of Republic of Indonesia ("PBI") was enacted on 31 March 2015. The main purpose of...

As skyscrapers erect, apartment buildings emerge, and infrastructure materializes all around Indonesia, one symptom of progress is certain: construction disputes. While best efforts are undoubtedly made to protect cross-border and domestic parties through proper contracts, discrepancies arise. The construction contracts for many international projects use a FIDIC (an international standard organization for consulting engineering & construction) construction-contract template as the basis. Parties then adjust the clauses in the template pursuant to their project's needs....

Our international arbitration certification course will provide both a knowledge and an appreciation of commercial arbitration and its role within the global legal landscape. It offers the theory of arbitration law and practice with emphasis on the procedures of arbitration, both ad-hoc and institutional, and offers the practical side with a focus on drafting of arbitration agreements and awards. It will also explore the art of drafting dispute resolution clauses appropriate to the parties’ business needs and dispute resolution desires. This is the perfect course to either get your arbitration career rolling or to expand or perfect your existing knowledge as a practicing arbitrator or legal academic

In fact, investment arbitration and the use of ISDS have expanded drastically in the past decade. Various forms of ISDS are now a part of over 3,000 trade agreements worldwide. As the number of investment agreements has risen, the cases

When entrepreneurship in on the mind, the last thing anyone wants is a loss of momentum. Getting a business license shouldn't feel like walking in the sand when it comes to the paperwork involved. Great news! The Indonesian Coordinating Ministry for Economic Affairs already officially announced a new system in Integrated Licensing Services Electronics on Monday, 9 July 2018. This new Online Single Submission (OSS) launch is launched based on the Government Regulation Number 24 Year 2018...

A spin-off company can be understood as a new, independent company resulting from either a separation or a solution from a larger parent company. The action of 'spinning-off' a company may be achieved by distributing or separating the shares (including its assets, employees, and intellectual property) from the parent company as special dividends on a pro-rata basis. There are number of reasons why parent companies create spin-offs. One common motive is to allow the parent company to focus on core operations and on the management of its resources and divisions while using a spin-off to expand into a wider market. While this can potentially have higher costs...

To address industry specialization demand, the Indonesian government has issued a new regulation concerning Procedures for Employing Expatriates under the Minister of Manpower Regulation Number 10 Year 2018 ("Permenaker 10/2018"). This regulation facilitates the implementation of Presidential Regulation Number 20 Year 2018 concerning Exertion of Expatriate Employment (Penggunaan Tenaga Kerja Asing), which was issued on 26 March 2018 and took effect on 30 June 2018. Examining the new regulation, there are some significant changes the government has mandated in terms of expatriate employment....

Choosing a contractor or subcontractor can often have devastating consequences. The wrong one can plague a project like constant natural disasters. Some of the most typical consequences companies suffer from the making the wrong choice are as follows: Bad reputation. The project owner can begin to question your reputation. You have to be fully aware that keeping a good portfolio from the current project owner will help to land the next job. Loss of scheduling delays. If you choose the wrong subcontractor, it might cause your construction schedule to...

Let's take a big-picture look at this growing sector by answering some of the most frequently asked questions posed to us at Schinder Law Firm. What is Peer-to-Peer Lending? The definition of Peer-to-Peer (P2P) Lending or FinTech Lending in the Financial Services Authority Regulation (POJK) Number 77 / POJK.01 / 2016 is the provision of financial services by bringing together lenders with the borrower in the context of borrowing and lending...

Under the Ministry of Trade Regulations No. 53/M-DAG/PER/8/2012 JO and No. 57/M-DAG/PER/9/2014 Regarding to Franchise Organizers ("Law"), a Franchise is defined as a special right, owned by an individual or a business entity to a business system with a business characteristic, in order to market goods and / or services that have proven successful and can be utilized and / or used by other parties under a Franchise agreement. In order to become a Franchise Organizer, the products or the method must meet the following criteria. The Franchise must : 1. Posses a business characteristic;...

At BIAMC, we merge practical, comprehensive curriculum with unparalleled instruction from top foreign and domestic experts currently working in ADR. Our introductory course will not only provide you with a meaningful foundation

Who does it apply to and why? In order to attract investment, The Government of Indonesia amended the previous Minister of Finance Regulation No. 159/PMK.010/2015 JO No. 103/PMK.010/2016 ("PMK") regarding Corporate Income Tax Reduction Facilities (otherwise known as the Tax Holiday Facility) with the latest Minister of Finance Regulation No. 35/PMK.010/2018 ("Regulation"). The new Regulation became effectively enforced on 04 April 2018. Subsequenlty, PMK has been revoked and declared null and void by Regulation. For clarification,...

Who's in charge? Where's the head hancho? How do I find the big boss? Sometimes discerning just who is legally responsible for a company can be problematic. In Indonesia however, the process of identifying the top dog is one step closer to transparency in business. On 5 March, 2018, The President of Indonesia issued President Regulation No.13 Year 2018 concerning the Implementation of the Principle on Recognizing Beneficial Ownership of Corporations in the Framework of the Prevention and Eradication of Money Laundering and Criminal Acts of Terrorism Financing...

While Schinder Law Firm (SLF) has been providing legal services to SGLPI for some time, its scope of services has now expanded to include legal training for SGLPI staff on their project site. The training will take place on a regular basis, and it will be geared toward ensuring legal compliance with Indonesian Laws and Regulations, specifically on both applicable labor law and company law. Trainings will be led by both Budhi Satya Makmur (Partner) and Erick Sanjaya Perkasa (Associate). Within the breadth of the training,....

It started from a simple vision. What started in a private living room has evolved into a bustling and burgeoning law firm. Schinder Law Firm (SLF) has not only emerged as a first-class, full scope law firm but also as a avid contributor to its legal community. The firm feels its success can only be fully realized by doing its part to raise the standard of...

As Indonesia attracts more and more foreign investors, it's vital to understand both the common hurdles and the creative tricks involved with doing business in this fast-growing economy. Just in the third quarter of 2017, the Indonesia Investment Coordinating Board or Badan Koordinasi Penanaman Modal (BKPM) recorded that total foreign investment in Indonesia grew by 12% (twelve percent), reaching Rp 111.7 trillion, in comparison with the same quarter of 2016. Obviously, foreign investment in Indonesia continues to increase. However, there are some specific stipulations on ...