28 Aug 2015
NEW RULES FOR COMPANIES ACTIVE IN FREIGHT FORWARDING
On 9 April 2015, the Indonesian Minister of Transportation issued a new regulation on freight forwarding: Regulation No. 74 of 2015. The new regulation, which was amended by Regulation No. 78 of 2015, replaces the old Decree No. 10 of 1988 on Freight Forwarding as amended by Decree No. 10 of 1989. It became effective on 16 April 2015. Compared to the old regulation, the new regulation contains more…
28 Aug 2015
PROCEDURES FOR COMPENSATION FROM THE STATE FOLLOWING JUDICIAL DECISIONS NOW REGULATED
On 15 April 2015, the Indonesian Minister of Finance enacted Regulation No. 80/PMK.01/2015 on the Execution of Judicial Decisions. The regulation became effective a day later, on 16 April 2015. The regulation is relevant to parties involved in court or arbitration proceedings involving the Republic of Indonesia. Parties can demand payment following a decision by a court or an arbitral tribunal validated…
28 Aug 2015
NEW HALAL LAW MAKES HALAL CERTIFICATION MANDATORY
Until recently, halal certification was outside the ambit of state law in Indonesia. Certification processes were conducted on a voluntary basis by the Islamic Clergy Council (Majelis Ulama Indonesia or MUI), a non-governmental institution. This changed with the enactment of Law No. 33 of 2014 concerning Halal Product Assurance on 29 September 2014. It redefines procedures to secure halal certificates…
27 Aug 2015
REGULATION ON MANDATORY USE OF RUPIAH AND PROHIBITION OF DUAL PRICE DENOMINATION
On 31 March, the Indonesian Central Bank (Bank Indonesia) issued Regulation No. 17/3/PBI/2015 on Mandatory Use of Rupiah Within the Republic of Indonesia (“PBI 17/2015”), followed on 1 June by Circular Letter No. 17/11/DKSP on Mandatory Use of Rupiah Within the Republic of Indonesia (“Central Bank Circular”). The mandatory use of the Rupiah for all cash and non-cash transactions…