June 2021 Risk-Based Licensing Overhauls Indonesia’s Business Licensing RegimeĪs an effort to boost investment and to improve business activities, Indonesia implements risk-based business licensing through the enactment of Law Number 11 of 2020 on Job Creation (“Job Creation Law”) on 2 November 2020. PBI 22/2020 is expected to bring much-needed reformation in the payment system regulatory framework in response to the digitalization and innovation of payment system by way of.
Henceforth, PBI 22/2020 shall serve as the umbrella regulation of Indonesia’s payment system. August 2021 Bank of Indonesia Implements the New Payment System RegulationĪs of 1 July 2021, Bank of Indonesia (“BI”) Regulation Number 22/23/PBI/2020 of 2020 on Payment System (“PBI 22/2020”) which was issued on 30 December 2020 has officially become effective. PBI 22/2020, PBI hereinafter together shall. August 2021 BI Issues Implementing Regulation for Payment System Providersįollowing the enactment of Bank of Indonesia (“BI”) Regulation Number 22/23/PBI/2020 of 2020 on Payment System (“PBI 22/2020”) which has become effective as of 1 July 2021, BI has issued BI Regulation Number 23/6/PBI/2021 on Payment System Providers (“PBI ”) as the implementing regulations regarding payment system providers under the framework of the new payment system introduced by PBI 22/2020. For years, many employers have shown certain preference to the contract-based employment over permanent employment, citing the lighter obligations imposed to the employer in the event of termination of contract-based employment compared to the termination benefits payable by the.
Under Indonesian employment law, employment may be established in the form of contract-based employment (perjanjian kerja waktu tertentu/PKWT) or permanent employment (perjanjian kerja waktu tidak tertentu/PKWTT). PENYELESAIAN DEBITUR WANPRESTASI DALAM PERJANJIAN KREDIT JAMINAN FIDUSIA MENURUT UNDANG-UNDANG NO.October 2021 Re-evaluating the Benefits of Contract-Based Employment, or Lack Thereof IMPLEMENTASI HAK SUBROGASI PERUSAHAAN ASURANSI TERHADAP KENDARAAN YANG DI ASURANSIKAN 42 TAHUN 2007 SEBAGAI PERJANJIAN INNOMINAAT
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