Firstly, you need to understand that dissolving your company doesn't mean that it has lost its legal entity status. To end a company's legal entity status a liquidation process needs to be conducted. Liquidation according to the Indonesian Dictionary is "the dissolution of the company as a legal entity that includes the payment of liabilities to creditors and distribute the remaining assets to shareholders."

Nanotechnology, often referred to as the next industrial revolution after internet, is an interdisciplinary study with limitless potential. It is claimed that nanotechnology is now at the stage where ICT and use of plastic were in 1960s and biotechnology was in 1980s. Already more than 2000 nano-enabled consumer products are in the market and the ILO predicts that by 2020, twenty percent of the products

Law number: 11 of the Year 2020, concerning Job Creation or commonly known as Omnibus Law, is one of the breakthrough bills aimed to boost economic and business activities and growth in Indonesia. One of the sectors majorly affected currently is the Construction industry. Though in 2018, the government had simplified licensing procedures and regulations for the said business activity with Government Regulation Number: 24 of the Year 2018 concerning Electronic Integrated Business Licensing Services, the Indonesian government

Following Law No. 11 of 2020 on Job Creation ("Omnibus Law"), the Indonesian government has enacted several implementing regulations of Omnibus Law. One of the enacted implementing regulations is Government Regulation No. 34 of 2021 on the Employment of Foreign Workers ("GR/34"). The issuance of GR/34 is a replacement of Presidential Regulation No. 20 of 2018 on Employment of Foreign Workers ("PR 20/2018"). The GR/34 stipulates that every employer of foreign workers is obliged to

Phishing and identity theft is emerging as one of the crimes of the 21st century. It is one of the fastest growing forms of Internet fraud. According to the U.S Federal Bureau of Investigation, phishing has become the hottest, and most troubling, new scam on the Internet. Credible estimates of the direct financial losses due to phishing alone exceed a billion dollars per year.1 Indirect losses are much higher, including customer service expenses, account replacement costs, ...

On 12 April 2021, Minister of Employment, Ms.Ida Fauziyah, issued a Circular Letter Number M/6/HK.04/IV/2021 concerning the Implementation of Religious Holiday Allowance 2021 for Workers in the Company ("Circular Letter 6/2021"), addressed to governors throughout Indonesia. The provision of Religious Holiday Allowance (i.e., Tunjangan Hari Raya or as it is commonly known "THR") for workers is an effort to meet the needs of workers and their families for celebrating religious holidays. The Indonesian Government is officially requiring state-owned and private corporations to fully

ABSTRACT - Nanotechnology will have a significant impact on food production in a variety of ways, both directly and indirectly. The growth and complexity of nanotechnology in food applications poses new challenges for the existing food regulation as well as the regulatory authority. This article seeks to examine the legal and regulatory challenges posed by the nanotechnology applications in the food industry. This article reviews some of the relevant legislation in the U.S. and E.U.

Indonesia is rich in natural resources, and one of them is nickel which is the raw material for the manufacture of lithium batteries in electric cars. Nickel is one of the prime mining commodities forecasted to experience a supercycle phase, due to the massive growth of electric vehicles in the future. The high demand for nickel-based commodities might impact the price increase of this mining commodity. This scenario is highly profitable for Indonesia as a country, and the opportunity should be well utilized. Before the outbreak of Covid-19, the government allowed exports of...

The EU Electronic Privacy Directive 20021 requires Member States to ensure the confidentiality of communications. In particular, Member States shall prohibit listening, taping, storage or other kinds of interception or surveillance of communications.2 The communications service providers are obligated to delete all traffic data no longer required for the provision of a communications service.3 Yet, ...

In 2020 the Indonesian government formulated a law that was considered a breakthrough in advancing the domestic economy, namely the Omnibus Bill. The Omnibus Bill amended many regulations, which was previously a non-conducive environment for doing business in Indonesia. One of the regulations amended in the omnibus bill is the regulation on spatial planning and zoning...

In the era of the digital revolution, the only constant is change. Where once we had a personal computer in every household, now we have a smartphone in each of our hands. Where once the Internet was a wilderness explored under the cloak of...

Amid the COVID-19 Pandemic, we have been receiving queries from our clients with regard toemployment contract issues. One of the most frequently asked questions is about the definite period employment agreements. In businesses, such as drilling services, construction , or any other companies having businesses based on projects , the definite period employment contracts are the most preferable. Following Article 59 par. 3 of Law No. 13 of 2003 concerning Manpower...

Protection of personal data in recent decades became more crucial affecting by emergence of the new technologies especially computer, internet, information and communications technology. However, Europeans felt this necessity at time and provided for up-to-date and supportive laws....

2021 has brought hope and new changes. Such new changes also extend into the international arbitration world. At the start of the new year, the International Chamber of Commerce (“ICC”) implemented the 2021 Arbitration Rules (“2021 ICC Rules”), which applies to cases filed from 1 January 2021 onwards. The 2021 ICC Rules is a culmination of the ICC’s attempt to meet the current and future needs of the arbitration community. Some of the key amendments as reflected in the 2021 ICC Rules relate to the following areas:

Health tourism memiliki pasar yang cukup besar yang mencapai hingga US$ 500 milyar per tahun atau sekitar 14% dari Total Global Tourism dengan pertumbuhan sekitar 9,9% per tahun1 . Dalam konteks itu Asia merupakan kawasan yang paling banyak menarik kunjungan Wellness Tourism serta paling banyak dari aspek pengeluarannya...

The Job Creation Law (Indonesian: Undang-Undang Cipta Kerja), officially Law No. 11 of 2020 (hereinafter referred to as Omnibus Law), is a bill that was passed on 5 October 2020 by Indonesia's People's Representative Council (DPR), and enacted on 2 November 2020 to create jobs and raise foreign and domestic investment by reducing regulatory requirements for business permits and land acquisition processes. Several regulations for the implementation of the Omnibus Law have been issued. Generally, it is to improve the...

The Indonesia Investment Authority (INA) which was set up in January 2021 is an institution for investment endowment fund management established by Law to increase and optimize the value of state assets in the long term to support sustainable development. It has won enormous interests and trusts from both domestic and foreign investors, especially in the field of infrastructure. "With a strong legal foundation and political support as well as a great supervisory board ...

Data is the fuel of the new economy, and even more so of the economy to come. The world's most valuable resource is no longer oil, but data1. It is estimated that the digital economy today is worth almost $3 trillion2. The digital economy is the economic activity that results from billions of everyday online connections among people, businesses, devices, data, and processes.