The Indonesian Supreme Court in December issued Circular Letter No. 1 Year 2017 containing new policies to be applied by courts in Indonesia when handling criminal, civil, religious and military matters.
SSEK partner Fahrul S. Yusuf was a featured speaker at the recent Employment Law Alliance Asia-Pacific client conference, held in the Philippines. Fahrul was part of the panel on “Global Employment: Handling Cross-Border Employment Issues.”
Legal entities in Indonesia are now required to declare the identity of beneficial owners and provide information on their beneficial ownership, following the recent enactment of Presidential Regulation No. 13 of 2018.
As Bitcoin, Ripple, Peercoin and other virtual currencies increasingly attract the interest of Indonesians for all kinds of reasons, there is no regulation in Indonesia that deals specifically with virtual currency, a gap regulators hope to close.