Corporate Matters
OBLIGATIONS TO LEGALIZE A DOCUMENT THAT MADE OVERSEAS
The process by a foreign company to acquire investment licensing and non-licensing in Indonesia will also involve document legalization procedures, which mainly applies to a document being issued by the oversea authority and then to be used in the process of acquiring permits in Indonesia. The obligations to legalize such documents often meet some problems…
Read MoreWHO CAN SIGN A CONTRACT ON BEHALF OF A COMPANY?
In business, executing deals and finalizing transactions is conducted by signing a contract. Aside from ensuring the contents of the contract is in line with the prevailing laws and regulations, it is also important to know which person can sign a contract on behalf of a company, so that the contract can be legally executed.…
Read MoreLEGAL STATUS OF A DIRECTOR IN INDONESIA
The position of a Director in a Company comes with the authority and responsibility to manage and lawfully represent the Company. Most of the time, people consider the Director as an employee, especially in regards to benefits and salaries payable to the Director. So, what is the legal status of the Director? Rights and duties…
Read MoreFIRST FINTECH REGULATION IN INDONESIA TO REGULATE PEER-TO-PEER LENDING PLATFORMS
In the last days of 2016, Indonesia’s Financial Services Authority (OJK) issues its first regulation on Fintech, regulating the services most commonly known as Peer-to-Peer (P2P) Lending Platforms. Read more regarding what the regulation entails and how Fintech players move forward to run their business in Indonesia. Financial technology, commonly shortened as Fintech, is a…
Read MoreATTENTION PLEASE!!! THINGS YOU SHOULD KNOW ABOUT JOINT OPERATION (KERJASAMA OPERASI/KSO) SCHEME BETWEEN FOREIGN CONSTRUCTION SERVICE BUSINESS ENTITY (BUJKA) AND NATIONAL CONSTRUCTION SERVICE BUSINESS ENTITY (BUJKN)
Following the issuance of Construction Service Business License (“IUJK”) to the Foreign Construction Service Business Entity (“BUJKA”), BUJKA is entitled to participate in a bidding or procurement of construction services and also to work in government or private projects. BUJKA may conduct its business and participating in a bidding or procurement of construction services by…
Read MoreLEGAL COMPLETION OF OWNERSHIP TRANSFER OF SHARES
When transferring ownership of shares issued by a Limited Liability Company (PT), the transaction does not stop when the Sales and Purchase Agreement is signed. Learn more about the completion of transfer of shares, and when does the ownership of shares is deemed to have been transferred to the new shareholder. In transferring the rights…
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