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Global: A Guide to Regulatory Fintech Sandboxes Internationally

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Regulators around the world are responding quickly to the rapidly evolving financial technology, or fintech, landscape. As new or emerging financial products, services or...

Indonesia: Omnibus Law – Inception of Indonesia’s Sovereign Wealth Fund

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In brief On 5 October 2020, the Parliament approved the job creation law (RUU Cipta Kerja, commonly known as the "Omnibus Law"). As an effort...

Indonesia: Omnibus Law – Inception of Indonesia’s Sovereign Wealth Fund

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On 5 October 2020, the Parliament approved the job creation law (RUU Cipta Kerja, commonly known as the "Omnibus Law"). As an effort to foster more investment opportunities from offshore investors into Indonesia, especially from other sovereign and private funds, the central government will establish an Indonesian sovereign wealth fund ("SWF") under the Omnibus Law.Indonesia's SWF will be officially named "Lembaga Pengelola Investasi" ("LPI") but has been widely introduced as the "Indonesia Investment Authority". This institution should not to be confused with the existing Indonesia Investment Coordinating Board (BKPM), which is a regulator overseeing domestic and foreign capital investment in Indonesia.

Indonesia: Indonesian Competition Commission Issues New Guide on Merger Control

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In brief This client alert covers a new guideline on assessment of mergers, acquisitions and consolidations ("2020 Merger Guide") that was issued by the Business...

Indonesia: Omnibus Law – Shifting of Authority and (Possible) Change of Policy – Trade...

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In brief On 5 October 2020, the Parliament approved the job creation law (RUU Cipta Kerja, commonly known as the "Omnibus Law"). The Omnibus Law...

Indonesia: Omnibus Law – Chasing Efficiency in the Telecommunications Sector

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On 5 October 2020, the Parliament approved the job creation law (RUU Cipta Kerja, commonly known as the “Omnibus Law”), which introduces key amendments to several sectors. The Omnibus Law is expected to take effect within 30 days, upon signing by the President.The Omnibus Law intends to amend more than 75 laws, which will require the central government to issue more than 30 government regulations and other implementing regulations within three months.This client alert covers the amendments to Law No. 36 of 1999 on Telecommunications ("Telecommunications Law") and Law No. 32 of 2002 on Broadcasting ("Broadcasting Law") under the Omnibus Law, which would impact telecommunications and broadcasting sectors in Indonesia.

Indonesia: Omnibus Law – Impacts on Healthcare Life Science Regulations

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In brief On 5 October, The Parliament approved the job creation law (RUU Cipta Kerja, commonly known as the “Omnibus Law”). The Omnibus Law is...

Indonesia: Omnibus Law – Impacts on the Investment Law

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On 5 October, the Parliament approved the job creation law (RUU Cipta Kerja) - commonly known as the "Omnibus Law". The Omnibus Law amends a number of existing laws, including Law No. 25 of 2007 on Capital Investment ("Investment Law"). This alert will focus on the impacts of the Omnibus Law on the Investment Law.

Indonesia: Omnibus Law on Job Creation (Undang-undang Cipta Kerja) Approved by Parliament – Employment...

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The Indonesian House of Representatives (DPR) has approved job creation law (RUU Cipta Kerja) - commonly known as the "Omnibus Law". The Omnibus Law amends a number of existing laws, including Law No. 13 of 2003 on Labor ("Labor Law") and Law No. 40 of 2004 on National Social Security System ("Social Security Law"). This alert will focus on Chapter IV of the Omnibus Law, which covers employment matters.

Indonesia: Omnibus Law – Impacts on Environment and Forestry

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On 5 October 2020, the Parliament approved the job creation law (RUU Cipta Kerja, commonly known as the "Omnibus Law"), which introduces key amendments to several sectors, including the environment and forestry sectors by amending Law No. 32 of 2009 on Environmental Protection and Management ("Environmental Law") and Law No. 41 of 1999 on Forestry ("Forestry Law")[1].[1] The Omnibus Law also amends Law No. 18 of 2013 on Prevention and Eradication of Forest Destruction in relation to certain adjustments regarding sanctions for various violations in forest areas.
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