The law imposes obligations on the recipient of gratification to report its receipt to the anti-bribery supervisory commission (Komisi Pemberantasan Korupsior KPK) who will then determine whether the gratification belongs to the recipient or the state. Indonesian legislation permits transfer and repatriation in international forex towards, among others, capital (including shares), revenue, and dividends. Foreign investment is topic to the Negative List and a business licence from BKPM or, for financial sectors, from the Financial Services Authority or OJK. In the Minerals and Coal Sector, the revocation of rules related to the application of KP, KK, and PKP2B should provide consistency in relation to the Mining Business Licence (Izin Usaha Pertambangan).
Takamasa Hiraide, assistant authorized manager at Sumitomo Corp, who has worked with HBT on three totally different offers, lauds the clarity of their recommendation and their professionalism. A current notable deal for HBT was Indonesian competitors watchdog KPPU’s investigation in opposition to seven major salt producers in a high-profile allegation of a salt cartel.
It additionally offers different companies in other practice areas similar to litigation and arbitration, aviation, banking and finance, employment and company and commercial. Its infrastructure exposures cover sectors similar to ports and airports, roads and toll roads, railways, water supply and water sources, energy and electricity, and waste to energy. While persevering with its position as a number one PPP and infrastructure authorized counsel in Indonesia, Hermawan Juniarto also renders legal companies throughout banking, company and commercial, M&A, capital markets, commercial disputes, restructuring, and intellectual property areas. Frans Winarta & Partners (FWP), based in 1981, has grown to be one of several distinguished law firms in Indonesia. FWP’s corporate and industrial regulation apply has quickly grown and strengthened the firm’s popularity.
It provides a full vary of IP companies with a give attention to submitting and prosecution, enforcement and litigation. HSEK Indonesian Legal Consultants is among the oldest and largest regulation firms in the nation. It has additionally built a popularity for its employment, delivery, taxation, actual estate and dispute decision practices. Renowned for its cross-border capabilities and insightful sensible advice, our firm ranks extremely among our peers as certainly one of Indonesia’s most trusted authorized service suppliers. Utilizing the most recent technological developments and specializing in its clients’ finest pursuits, LGS is dedicated to offer a wide range of authorized providers and advices with the highest skilled standard.
Located in Jakarta, Indonesia as headquarter, our legislation agency has two consultant offices in Yogyakarta and Surabaya, and partnership with legal organizations abroad. With more than three a long time of local expertise, our lawyers present refined recommendation on corporate and business transactions across a broad range of industries.