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Shipping Regulation Update: Government Relaxes the Granting of the Foreign Ship Use Permits

Minister of Transportation (“MOT”) has issued Regulation No. PM 100 of 2016 regarding Procedures and Requirements for the Granting of the Foreign Ship Use Permits for Other Activities which are not included in Passengers Transportation Activities and/or Goods in Domestic Sea Transportation Activities (“MOT Regulation 100/2016”). MOT Regulation 100/2016 is effective as of 6 September [...]

By | November 24th, 2016|Publications|

Legal Alert: Upcoming OJK Regulation on Products and Marketing of Micro Insurance Products

The Financial Services Authority (“OJK”) will soon issue new OJK Circular Letter on Products and Marketing of Micro Insurance Products (“SEOJK Micro Insurance”), which shall become an implementing regulation for provisions on micro insurance products as stipulated in Articles 8 and 45 of OJK Regulation No. 23/POJK.05/2015 on Insurance Products and Marketing of Insurance Products. [...]

By | November 18th, 2016|Publications|

Appointment of Statutory Manager in Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies

Financial Services Authority (“OJK”) recently issued Circular Letter No. 44/SEOJK.05/2016 on Criteria of Appointment and Determination of the Usage of Statutory Manager and Termination and Replacement of Statutory Manager for Insurance Companies, Sharia Insurance Companies, Reinsurance Companies and Sharia Reinsurance Companies (“SEOJK 44”). SEOJK 44 is an implementing regulation of OJK Regulation No. 41/POJK.05/2015 on [...]

By | November 11th, 2016|Publications|