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Consumer Protection in Financial Service Business: The Prohibition of Using Force in Debt Collecting
Through the Financial Services Authority Regulation No. 6/POJK.07/2022 concerning Consumer and Community Protection in the Financial Services Sector, illegal debt collection procedures as mentioned above are prohibited…
Enforcement of the New Format of Taxpayer Identification Number (Nomor Pokok Wajib Pajak – NPWP)
The National Identity Number (Nomor Induk Kependudukan – NIK) will be the identity number of individual taxpayers (replacing the role NPWP – Nomor Pokok Wajib Pajak)
Electronic Mediation in Courts General Overview
Currently, due to the development of technology, the Supreme Court has made improvements to Indonesian civil procedural law through Supreme Court Regulation No. 3 of 2022 concerning Electronic Mediation in Courts (“SC Reg 3/2022”) which essentially provides the basis for the mediation process to be carried out electronically by the courts as an alternative to conventional mediation procedures.
This ARMA Update will discuss the substance and procedure stipulated in SC Reg 3/2022.
Electronic System Operators Registration Deadline: 20 July 2022
This ARMA Update will discuss concerning which ESO’s are required to register and why this deadline is important to be noted as well as how this regulation could impact ESO’s for their business concerns.
Trademark Registration
Trademark is an important asset in business, since a Trademark determines the identity of a brand that needs to be protected and registered. By being registered at the Directorate General of Intellectual Property Rights, it will be easier to claim ownership of the Trademark. If registered, the applicant of the Trademark will be considered as the legal owner of the Trademark.
Key Points on the Newly Legitimate Sexual Violence Crime Law by DPR
This ARMA Update will discuss the critical points of the Sexual Violence Crime Law, including the purpose, forms, procedural law, the victim’s rights, and the criminal sanctions. We also discuss how the Sexual Violence Crime Law may affect corporate practices and the impact of th approach in drafting certain agreements, including in merger and acquisitions documents.
Bank Indonesia Regulation No. 24/6/PBI/2022: Policy on the Use of Rupiah in International Activities
In order to achieve and maintain the stability of the Rupiah value and the stability of the financial system, as well as to prevent and reduce risks in the monetary sector, Bank Indonesia has issued and ratified Bank Indonesia Regulation No. 24/6/PBI/2022 regarding Policy on the Use of Rupiah in International Activities.
Madrid Protocol as a Form of Protection of Trademark Internationally
By registering a trademark using the Madrid Protocol, the registered trademark is protected worldwide. In addition, Madrid Protocol also has a simple, fast, and cost-effective procedure.
Religious Holiday Allowance (THR) to Be Paid in Full
In the regulation concerning THR in 2022, there are significant changes from the previous 2 (two) years. The most notable change is the current provision in which the THR must be paid in full.